At a party recently I was chatting (probably annoying) a transplant from Riverside, CA about the housing market. He was trying to get a handle on the magnitude of the foreclosure problem and wanted a sense of just what share of homes were under foreclosure. I didn't have a number and didn't want to make one up.
CNBC just told me that Riverside had 1 foreclosure for every 43 homes.
Quite a few.
