The most bizarro-world reporting on foreclosures that I've seen

[Newsjock]

Yay! More people losing their homes! Realtors cry for joy!
http://www.mercurynews.com/real-estate/ci_17395162

First-time homebuyers may find more low-priced homes for sale this spring than at any time since September, now that a lull in foreclosures caused by a scandal over sloppy bank paperwork has ended.

After a two-month decline, foreclosures in Santa Clara and San Mateo counties in January returned to levels that have prevailed since mid-2008, according real estate information service ForeclosureRadar. January's increase may be followed by bigger increases in the next few months, according to some real estate professionals.

"This will give us some fresh inventory of low cost homes come this spring," said Sean O'Toole of ForeclosureRadar. "That's good and could help home sales. It's not going to be a lot, because the volumes aren't that high, but this back to bank inventory tends to be pretty popular among buyers."

While foreclosures come with the pain of someone losing their home, the houses that end up on the market can offer first-time buyers a crack at homeownership.

[baldguy]

1. Putting lipstick on a pig.

[Wilms]

2. For Real Estate agents, the more it costs, and the more it turns over, the more money they get.

Bankers, mortgage writers, consumers and flippers have gotten fingered for the mess they're involved in, but rarely do I hear a peep about RE agents.

[slackmaster]

3. In every heartache a dream home

Housing affordability in California is improving, slowly.

[Shandris]

4. 'Fresh inventory of low cost homes'.

"Receive a reprieve and be a pioneer,
breaking new ground of a new frontier
New ideas will surely get by
no deed or dividends and some may ask why
you'll find the solutions, the answers in the sky" -- Megadeth, 'Foreclosure of a Dream'

http://www.youtube.com/watch?v=RgikGBh6pbI

I don't have as great a musical litany as many posters on this site, but I know an applicable song when I hear one and I heard this one years ago.

I think these realtors are in for a real shock regarding 'new home sales'.