Jeannie Niles Real Estate Investment

Understanding Foreclosure Numbers!!!

Foreclosures increased 1800% in La Quinta, 1200% in Indio and 1480% in Desert Hot Springs from the second quarter of 2006 to the second quarter of 2007.

In today’s uncertain times, Be sure you understand the math when a percentage is quoted. Home Foreclosures Up in the Valley

The headlines above would make you think the entire city is in foreclosure. The reason the numbers are so high is because in 2006 there were very few foreclosures. A very low base creates a huge percentage increase.

Actual Numbers

2nd Quarter 2006 2nd Quarter 2007 Estimated Population
La Quinta 3 55 42,000
Indio 5 65 77,000
Desert Hot Springs 5 74 23,000
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Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261

P: (760) 360-4020
F: (760) 340-9069
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