The market has been hot lately because the inventory is low. There are only 5,880 detached, and 3,043 attached active listings in the MLS - about 38% of what it was in September 2007. Waiting buyers are frustrated and should be jumping at new product - how are the...
The foreclosure process for many houses is dragging down to a slow crawl. Lenders are buried, short sales could be in the works, and the free-loading homeowners have no incentive to cooperate. But once the lenders finally complete the trustee sale, they're not...
The foreclosure rolls are bulging now....all areas, all prices.....
This plots the same SD affordability ratio (in red) and the Freddie Mac average 30-year mortgage rate for June (in blue) on the same graph. I don't know if it means anything, other than to recognize that this is the first time since 1980 that BOTH factors are near...
The Milken Institute has been parading around their idea of debt relief for over-encumbered homeowners, in an attempt to keep them from walking away. From the L.A. Times: http://www.latimes.com/business/la-fi-petruno27-2009jun27,0,2308676.column Say an owner's...
There has been discussion about San Diego home prices reverting back to their 'normal' trend, but what is normal? 3x income? 4x income? 5x income? The few times I've spoken up about the income question, I've said "Who cares about the median income for the county,...
You keep hearing about the fury of activity in lower-end areas like Oceanside, here's a video of the REO that hit the MLS a week ago at 4773 Sequoia. It had been assigned to me in September, but it took six months to get the tenant out. He was an active-duty Marine...
Looking for architectural style? Kwaping sent in this link featuring a house in Rancho Santa Fe: http://www.contemporist.com/2009/06/16/the-hilltop-house-by-safdie-rabines/
From the sddt.com: The June Chapter 7 liquidation of what had been a billion-dollar Southern California homebuilder has reached into San Diego County and hundreds of residential parcels from Black Mountain Ranch to Oceanside have been affected. In its Chapter 11...
There were two REOs that we put on the market last week - this is the bigger one, a 2,031sf one-story house on Pismo Bay in North Oceanside. The lender has been more willing to spend up to $10,000 for improvements lately, so we've been taking them up on it: If this...
