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Foreclosures.com recently published that foreclosures in the month of August again rose 6% from July and 80% from August 2007.

What's the good news? They also report that pre-foreclosure actions by lenders slowed from July and more than half of the foreclosures can be attributed to three states: Arizona, California, and Florida.

What does this mean for the Lake of the Ozarks Area? In my opinion we will see many drastic changes in the lending industry with the takeover of Fannie Mae and Freddie Mac as well as a change in the presidency. However, market indicators suggest that values are holding steady for the majority of the Lake Area. Spring should be a good indicator of what the next year holds for the Lake of the Ozarks market.