Month: February 2010
No Jingle
From NMN: A Rumson, N.J., company is giving underwater borrowers a reason not to walk away from their homes, a move that could help prevent further deterioration in the value of a sizable chunk of the problem loans and properties still bogging down the market. The...
Carmel Valley In-Depth
The Spring Kick statistics for North SD County's Coastal region are likely to be tepid, at best, over the next few months, just because of the low inventory - the quality buys are hard to come by. But if there was an area that could continue to beat the odds, it's...
Taxpayer Blues
Does Your Foot Hurt Yet?
A reader wanted an opinion on this quote from the latest CNN survey: "Foreclosure sales will pick up this spring as mortgage servicers figure out who can qualify for a modification and who can't," said Zandi. The bank reps on Monday's conference call both talked about...
Visual Squishdown
When looking at the normal indicators used throughout the real estate industry, you can get deceived. Looking at the recent median sales prices, you might think the market is steady: If you look at the cost-per-sf, you can see a downward trend in the cheaper homes,...
That It Is
A view of the big park site in Encinitas, plus a quick jaunt through downtown Carlsbad:
Short-Sale Toe Stubbers
On Monday, CR had this SS post and graph on the increase in short sales. The information used was part of a package that included a national audio conference held that day about short sales, and the upcoming HAFA, which begins April 5th. There were three speakers,...
Flood 911
Another crazy day in the real estate business - just when you think you have a well-scheduled calendar, a leak at a vacant REO (that we're about to put on the market) causes a red alert back at HQ. The asset manager expects an answer, so we deploy all resources: Our...
Bloated Foreclosure Roll
Kelly at the Voice of SD reviews the current market conditions in the San Diego real estate market at this link, here's an excerpt: There were 9,243 active homes and condos for sale on the Multiple Listing Service on Tuesday, according to Klinge. That number pales...
