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Here's Gretchen Wenner's latest report on the market: Foreclosures reached another new high in Kern last month, according to the latest report from the Kern County Recorder’s office. The monthly tally shows 586 properties foreclosed in February, up from 512 the previous month and 107 in February 2007. Default notices, meanwhile, arrived at a steady pace despite the short month, with 1,177 recorded. That’s just two more than January’s count, but more than double the 502 sent out a year ago. Property transfers, loan originations and mortgages paid off increased slightly in February from the previous month — all numbers were in the 2,000 to 2,500 range — but dropped from a year ago, when those numbers ranged roughly between 3,800 and 5,500. Gretchen has collected several charts and graphics you can see here.
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