Hat tip to MG for sending this along, from HW: Home prices double-dipped in April, dropping 0.7% below the previous low in March 2009, according to analytics firm Clear Capital. Prices first reached a new low in California in March. But in April national prices fell...
From Diana at cnbc.com: For the first time in years, a guy who quantifies the foreclosure crisis got to report some good news. Kyle Lundstedt's colleagues at LPS Applied Analytics call him Dr. Doom, as he calculates all the numbers for the monthly Mortgage Monitor...
From the U-T: Larry Summers, one-time director of President Barack Obama's National Economic Council, believes the economy is recovering, albeit not as fast in some areas as desired, but enough to forestall a double dip. “There is no longer any talk of a depression,"...
From sddt.com (SDCo. homes that have no mortgage = 20%): Nearly one in three mortgage holders in San Diego owe more than the value of their home, according to a CoreLogic report. Of residential properties with a mortgage in San Diego County, 29.2 percent, or 173,139,...
The Case-Shiller November index showed more negativity overall, to the delight of the mainstream media. Calls for the double dip will escalate, and soon the government will think they need to intervene. Hopefully they'll keep their hands in their pockets, and not...
There is more hub-bub at cnbc about December being full of distressed sales. NAR had reported that 36% of December sales nationally were REOs and short sales, and the new report from Campbell Surveys said 47%. How about North San Diego County Coastal? December...
Cramer got fired up about the national spike in December sales, but locally the sales were slightly cooler last month than in 2009. Let's note than in 2009 there was a tax credit in play, but for the higher-end communities I don't think it had much impact. Most...
“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....
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...
The local Case-Shiller index for October dropped again, for the third month in a row. The SD index, which was 165.02 in July, is now down to 159.99 (a plunge of 3%), though year-over-year it's still up 3%. A link to the Case-Shiller press release.
