Are Foreclosures A Thing of the Future?

But if higher foreclosures are in California residents' future, Stuart Gabriel, director of the University of Southern California's Lusk Center for Real Estate in Los Angeles, hasn't seen any signs of it. "As long as housing prices continue to move up at single-digit rates- or even remain stable- and as long as the economy continues to create jobs at a moderate rate," Gabriel points out, "we don't expect any serious escalation in foreclosure rates."