A website devoted to listing every foreclosure opportunity in the state of California, it is most certainly a sign of the times in the United States housing market. Foreclosureradar.com has a large amount of software and analysis tools that allows you to track all of the foreclosure markets and analyze trends throughout the state of California. The site is growing in popularity by the day as the California foreclosure rate grows faster and faster. 
In October of 2007 California had 50,401 foreclosure filings, more than triple the amount that was reported in October 2006. As of the end of October in 2007 California's foreclosure rate was one in every 258 households. In Merced, California, the foreclosure rate is the highest in the country at 1 in every 82 households.
Who does a site like Foreclosure radar help? It helps those who are looking to spot a nice property at a very good value. The site is certainly geared toward the homebuyer who is looking to take advantage of the terrible housing market in California.
What does this situation mean for our economy? The housing mess is clearly a drag on the overall economy, and economic data is starting to show a real slowdown, possibly even a recession in the near future. Just how much this can be attributed to the housing market and the high foreclosure rate is debatable, but those who discount the housing market as not mattering to the overall economy simply don't understand. Clearly if one is being foreclosed upon they are likely to be in a very poor financial situation and spending less on goods and services, which in turn will hurt the overall economy. Consumer spending is the key to any economy, and the alarmingly high foreclosure rate doesn't speak too well of the near future in consumer spending here in the United States.
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