I hate these general nationwide articles, but the graph was pretty - plus I figure that Ronald McMansion was biting his tongue on this one, from WSJ.com: http://online.wsj.com/article/SB125530360128479161.html An excerpt: Foreclosures are rising in more expensive...
Here's one more 16-page report on shadow inventory, with many charts and graphs: http://matrix.millersamuel.com/wp-content/3q09/Amherst%20Mortgage%20Insight%2009232009.pdf An excerpt: The single largest impediment to a recovery in the housing market is the large...
When the big bombers start falling from above, it can't help but squish everything below. This Pulte tract house in La Costa Greens sold for around $1.3 million in 2005:
Carlsbad Renter was the one who said this blog was turning into an informercial, and expanded on that thought earlier today (under 'Hot All Over'): Please don’t take my post above (or this one) personally, like I said I am not the most eloquent blog poster. I’m just...
From sddt.com The number of notices of default and trustee deeds filed in San Diego County in September fell for the third consecutive month. The county assessor recorded a 4-percent drop in notices of default (NODs) from August. The 2,795 NODs filed were the fewest...
Every journey back starts with the first step....
The L.A. Times' Ken Harney wrote this article on the study of homeowners with good credit histories intentionally defaulting on their mortgage: http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story An excerpt: * Strategic defaults...
There is a clamoring for "deals". Over the last twelve weeks there have been 785 trustee sales where a bidder purchased the property, rather than it go "back-to-bene". There were probably a few of the 785 that were bought by an owner-user, but we can probably guess...
Susie asked about the $8,000 tax credit, and CR was ablaze with 300+ comments yesterday after this article appeared in the N. Y. Times: http://www.nytimes.com/2009/09/16/business/16home.html?_r=1 Joseph and Chassity Myers are among the two million buyers eligible for...
Lately, there have been a number of inquiries about investing in real estate. Even though there is some frothy-ness going around, be careful! Below is an extreme example, but demonstrates how quick, and how bad, a deal can go wrong for a participant, in this case the...
