Foreclosures: Just Tip of the Iceberg

Bruce Norris, real estate analyst, investor and lender  said, that despite some reports suggesting the housing crisis may be hitting bottom, foreclosures so far represent the “tip of the iceberg.”

This may appear counter to other, more optimistic opinions, (see previous post) but I tend to trust Bruce Norris’ opinion.  His call on California in the late nineties was spot-on, despite what the “experts” were saying.


About rereno

Real estate investor
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