California sees surge in home foreclosures.
TL;DR Summary
Home foreclosures in California have increased by over 20% from last year, with adjustable rate mortgages being a major factor due to the sudden rise in interest rates. However, the numbers are still far from the levels seen during the 2008 crash.
Topics:business#adjustable-rate-mortgages#california#foreclosures#housing-market#interest-rates#real-estate
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