A True Measure of Trouble In Charlottesville Area Housing Is Negative Equity, Not the Number of Foreclosures

The latest data from CoreLogic shows that the Charlottesville Area's foreclosures are (once again) up 25% from the same time last year.  When reported by local media outlets, online and on air, NBC29 and Newsplex reporters pointed out 'The Charlottesville rate is lower than the national rate.'  

And a recent Hook story on the drastic decline in midsummer home sales also tried to reassure readers