Enough is enough?

Scroll down to the real eastate-related blub in this nugget from the Bloomberg Report in today's Chron. It will come as a surpirse to many in the Bay Area to hear that foreclosures show no sign of letting up. It's nice to see the notices of default are down a tad, but that doesn't mean much for those looking a present problems (or opportunities). To us, this is a reminder that, while the recovery does appear to be fully on, it is still likely to be slow and fitful. We read recently that real estate prices aren't expected to return to their pre-downturn levels for another five years. Taking the temperature of our local markets, that feels about right.