The graph shows foreclosed homes that were sold. It doesn’t represent all of the foreclosures in the Twin cites, just the tens of thousands that were listed on the MLS by local Realtors. Currently foreclosures are at about the same level they were at before the big crash. The percentage of home owners who have equity in their homes continues to increase. During the crash homes were losing value quickly and owners who wanted to sell could not afford to.
Could this happen again?