Even a few months ago, news that foreclosures are spiking would have been big news in Massachusetts. Not these days.
The explanation given in the Globe sounds reasonable — maininly that foreclosures are now seen as a lagging market indicator, sort of the way unemployment numbers are seen as a lagging recovery indicator.
The housing market is still fragile. We’ll have to see how everything goes after all the federal stimulus programs finish. But it’s looking much better these days.