From the Union-Trib: A new, 90-day state moratorium on foreclosures went into effect this week to give homeowners more time to avoid losing their homes. But because the California Foreclosure Prevention Act exempts lenders from the moratorium if they submit...
ArtElectric commented, There is always somebody with more reach than you have. Not just more reach, but more frustration too, because they are further along in the hunt. The Five Stages of Buyers' Grief: Denial - Buyers are adamant about not overpaying. "The only...
Could enough cheerleading about housing turn into a self-fulfilling prophecy? My dear readers of bubbleinfo.com are too smart to fall for it, but there are only a couple of thousand of you. What about the rest - the ones who listen to Cramer, read promising...
Dr Beede commented: Jim, I’ve heard a lot of talk that the bottom end always leads during a housing pullback, the top end goes last and recovers first. In other words, a lot of people like to say that what’s happening now is exactly what always happens in a regular...
Who gets to fix this problem? Barratt owns this parcel free & clear: The City of Encinitas isn't going to let up on their low-income housing requirement, so....
ForeclosureRadar's report for May, 2009: https://s3.amazonaws.com/CA_Foreclosure_Report/May+2009+CA+Foreclosure+Report.pdf An excerpt: Foreclosures sales jumped 31.9 percent in May, following a 35 percent increase the prior month. Notices of Trustee Sale, which set...
Hat tip to Aztec for sending along this article from Bloomberg: By Jody Shenn June 16 (Bloomberg) -- Prices for the most expensive U.S. homes may not reach bottom for another few years, according to JPMorgan Chase & Co. analysts. (click on image for clarity) The...
Tobias suggested that we compare the foreclosure counts (NOD, NOTS, & REO of SFRs and condos only) to the number of homes to see the relative impact. The home counts come from city-data. Also included here are the number of active listings of detached and...
Hat tip to Kwaping for sending this along, from the U-T: The real estate slump has arrived in La Jolla, Rancho Santa Fe and other high-end San Diego County neighborhoods. After holding their own in sales strength, sales of homes priced at $1 million or more started to...
Here we go again, more government intervention - the latest authored by Ted Lieu, from El Segundo (home of the World Champion Los Angeles Lakers). Back in February the California state legislators passed the Lieu Foreclosure Prevention Act, and our governor signed it...
