Southern California’s foreclosure mill runs at one-tenth its peak pace

You may still be having some economic flashbacks to the ugly end of the previous business boom.
It’s a bit natural to be worried that the current extended economic upswing may be nearing its end, resulting in a slowdown that could mean trouble for real estate.
Whether you doubt the durability of the ongoing expansion or not, let me assure you of one housing trend: Most Southern Californians are still making their mortgage payments — and the foreclosure work that does exist is running