I keep mentioning the bidding wars that have been breaking out, here's a specific example:
Happy New Year!
read more
Month: December 2010
The Bulls’ Case
The doomdayers had their run yesterday. But they're just referring to the same facts that have been present for the last couple of years (lots of foreclosures, shadow inventory, unemployment, government intervention, etc.) and declaring that 2011 is the year that...
More Doomsday
Excerpt from Peter Schiff's article seen in the WSJ: How has the market found the strength to stop its descent? No one is making the case that fundamentals have improved. Instead, there is widespread agreement that government intervention stopped the free fall. The...
San Diego 4Q Foreclosures
“There has been an effective moratorium on foreclosure,” said Roubini. Around here it looks like the servicers got back on their horse pretty quick: “The shadow inventory of not-yet-foreclosed homes—due to the moratorium—will surge in the next year,” Roubini says....
Summary of Bears’ Case
By Ash Bennington, NetNet writer, special to cnbc.com: According to economist Nouriel Roubini, the housing market is in a double dip. And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth. "It's pretty clear the housing market has...
The Last Roundup
BofA hasn't sent any REOs my way in over six months, so hopefully they lost my number. But if Shadash and I start a band, we might have a name - and we'd be grrateful that it all started here:
NSDCC Sales and Pricing
The detached sales in North San Diego County Coastal have been holding up pretty well in 4Q10. The 4Q09 sales were somewhat enhanced by the tax credit, yet the last two months aren't too far behind. This quarter should only end up about 10% lower than the 4Q09 total...
1911 Craftsman
The MLS remarks noted that this house has been meticulously restored, has new bathrooms plus another $37,000 worth of foundation work:
Paperwork Cop
Hat tip to David for sending this along, from USA Today: Steven and Tamara Gewecke are three years behind on their mortgage payments, but they've fought off foreclosure. The Minnesota couple refinanced in 2006 to start a business. It failed. Debts mounted. The...
High-Value Target
The Bressi REO tour finale:
