Media exposure about subprime foreclosures is having a dramatic influence on the public™s perception of the real estate market. I say this because a lot of people that I talk to think that the real estate market has hit rock bottom due to foreclosures originating from subprime loans. According to the March, 2007 Mortgage Bankers Association (MBA) National Delinquency Survey (NDS), the percentage of loans in the foreclosure process was 1.19 percent of all loans outstanding at the end of the fourth quarter. The fourth quarter™s NDS results cover over 43.5 million loans (33.3 million prime loans, 6 million subprime loans and 4 million government loans). Let™s compute the numbers; 43.5 million times 1.19% equals 517,650 homes in foreclosure. When you look at the big picture of real estate, this accounts for a very small number of homes nationwide.