We could use some good old-fashioned market clearing - maybe this is a start? JimG brought it up, and our friend Effective Demand has charted the increase in Bank of America foreclosure activity for Southern California - recently their number of auctions has spiked:...
From Mr. Nevin at MP Advisors: With the release of our latest audit for San Diego, we get the most up to date look at the apartment rental market in San Diego. The report reveals a truth that has been true for some time - it is pretty hard to find a better place to...
Our old friend Zach Fox has moved on to more illustrious things than the NC Times, he now works for a big-time financial publication back east. But he hasn't forgotten us little guys, especially the data geeks: Jim, We’re finally sending out some free links as we...
What can we expect for 2010? Let's review the stats (2009 numbers are up-to-this-morning): SD County Det. 2007 2008 2009 Total listings, year 46,056 42,567 33,573 Total closings, year 15,713 19,103 21,594 4Q Closings 2,965 5,450 4,891 4Q $$-per-sf $329/sf $233/sf...
How much worse could the local real estate markets get in 2010? The folks at TransUnion noted last week that approximately 10% of California mortgage borrowers were at least 60 days late in the third quarter of 2009: Let's try to quantify what that means for the near...
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...
All that matters to most buyers is the flow of new REO listings - has the flood started? San Diego County, Attached and Detached REOs: Week Of # REO New Listings # REOs Marked PEND # REOs Closed Closed $/sf 6/29-7/4 206 189 224 $161/sf 7/5-11 229 236 230 $166/sf...
from Rueters: Prices of U.S. single-family homes rose for the second consecutive month in June, adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday. The S&P/Case-Shiller composite indexes of 10 and 20...
From our friends at housingtracker.net: http://www.housingtracker.net/asking-prices/san-diego-california In August 2007 there were over 20,000 homes for sale, and today there are 11,457: ...
After the display of quarterly sales, reader 'propertysearch' asked about the pricing curve. The cost-per-sf measurement is an imperfect tool when analyzing individual homes, there tends to be a complexity of other factors that weigh into the buying decision. ...
