The Case-Shiller index for March is out today, and San Diego came in ninth out of the top 20 cities for year-over-year decline: Town or Area Y-O-Y Phoenix -36.0% Las Vegas -31.2% San Fran -30.1% Miami -28.7% Detroit -25.7% Minneapolis -23.3% Tampa -22/4% Los Angeles...
Month: May 2009
Happy Memorial Day!
Thank you to those who have served, and to those who are serving this country! Here's a photo gallery of our military: Salute to military1 Salute to military2 Salute to military3
Hotel California?
This is located just north of the 395 exit from the I-15 freeway, between Gopher Canyon and Mission off-ramps. The owners had paid $170,000 for the lot in 1999. Countrywide gave them a $1,140,000 mortgage in February, 2006, but that wasn't enough, apparently, because...
Lack of Inventory
You'll hear people say that there's a lack of good inventory for sale. The total number of attached and detached homes for sale was 23,649 in September, 2007. Today it's down to 10,123, counting those pending short sales that are still marked 'active' - it's probably...
Investor Report – $130,000s
Back in January we noticed this house on Parker that was a Downey REO - back in the day when they had their own brokerage. This was the one photo in the listing: It was listed for $169,000, and the day after this video ran about it (link to previous youtube video):...
HoHoHo 2.0
Hat tip to Stephen for passing this along, from propublica: The Hope for Homeowners program was created by Congress last summer to help an estimated 400,000 homeowners avoid foreclosure. But it could more aptly be called the Hope for A Homeowner program, given that...
Deadbeats
Here's a sample of the frenzy-like activity spotted all around the county. The zip code for this street is Kensington's 92116, but one block away is Talmadge, 92115, and City Heights, 92105, and although it may be north of El Cajon Blvd. (by just 1.5 blocks), the...
Tax Collections
from sddt.com Dan McAllister, county treasurer-tax collector isn't sure if it's a record, but with some $249 million in delinquent property taxes, he has more than a little work cut out for him. The nearly quarter of a billion figure is out of $4.55 billion the...
Real Estate/Bank Terrorist
Bruce Marks doesn't bother being diplomatic. A campaigner on behalf of homeowners facing foreclosure, he was on the phone one day in March to a loan executive at Bank of America Corp. "I'm tired of borrowers being screwed!" Mr. Marks yelled into the phone. "You're...
Investors Pounce on REOs
from WSJ, hat tip to Mr. T: The pace of housing sales has been rising in many markets this year, but it is only partly because families seeking affordable housing are returning to the market. It also is because of investors like former Deutsche Bank managing director...