- Delinquencies down 7.5% from Q4, first drop in 2 years
- Delinquencies up 36% from prior year
- Foreclosures up 18.6% in Q1
Coupled with already slumping home sales, there remains plenty of housing trouble down the road that should keep inventories of unsold homes on the size. Falling unemployment is needed to stem the delinquency trend.
