Foreclosure ads continue uptick in Elk Grove

No turn-around yet

Foreclosure ads continue their upward trend in Elk Grove indicating continued deterioration in the local real estate market.

In the Friday, August 16 edition of the Elk Grove Citizen there were 7 pages of foreclosure notices. This is double the rate recorded as recently as Friday July 11 when the Citizen published 3.4 pages of foreclosure ads.

Interestingly, two full-pages in the August 16 edition were inserted in the main news (section A) rather than in the classified in the back of the publication.