Have we hit bottom?

A new story from CNNMoney.com may suggest that we have. Cleveland which has been the poster child for the American foreclosure crisis only has one zip code in the list of the top 100 zip codes across the country for foreclosure filings in December of 2007. That zip code, 44105, which seemed to be at the top of the list for so long now comes in at only number 51. Cleveland was hit early by predatory loans that left vulnerable buyers with ridiculous fees, rising monthly payments and homes with artificially inflated values. Since we were the first, we captured the eyes of the news media from around the globe. Hopefully this recent news shed some light on what is truly a national problem. If there is a shining spot in this crisis for Cleveland, it is that the first one in is the first one out.