It's the week of Thanksgiving - thanks for being here! On September 27th when the comments went off, I thought we'd lose a third of the audience. Over the last thirty days we've had only 13% fewer unique visitors than during the 30 days prior to September 27th. The...
Those who are underwater aren't "trapped" in their homes, they are free to move. The system has been very generous, and even if the Congress doesn't extend the debt-tax relief, the banks will be processing short sales to enable the underwaters to move - without having...
Yesterday we saw how the number of short-sale listings were dropping off around our north county coastal region, in spite of the expiring relief on debt-tax. In the New Age of Coddling, we have seen the government devise several programs to rescue distressed...
The extension of the debt-tax relief act is still up in the air. There have been several bills submitted, and everyone from the N.A.R. to the nytimes.com thinks there is a good chance that our Congress will extend it....but will we need it? Did the threat of it...
Why would anyone spread possum urine around a house, turn up the heat and close all the windows for a few days? Because they're flopping, of course. Flopping is the latest in mortgage fraud, in which sellers actually want as low a price as possible. The scheme works...
Let's look forward to future closings - how do the active, contingent, and pending listings stack up? San Diego County All-Residential MLS listings: MLS Listings Actives % of Mkt Pend/Cont % of Mkt Sold6mo % of Mkt SD REO 240 4% 430 5% 2,381 15% SD SS 466 8% 4,473 49%...
We have been told that banks and servicers are now using short-sales, instead of foreclosures, as their primary defaulter-disposal method. It appears that the conversion is well underway in San Diego County - here are the number of residential distressed-sales and...
The fate of the mortgage-debt tax relief? It's going to be decided in a lame-duck session, and there doesn't seem to be enough politicians willing to create a big fight - an excerpt from the latimes.com: One key strategy question: Could the Family and Business Tax...
The gap between SD distressed and non-distressed pricing appeared to be widening yesterday. Can we get a glimpse of what to expect for the rest of the year by analyzing the current pendings and contingents? How do they look around North SD County's Coastal region? We...
The latest C-L HPI came out on Tuesday, reporting the price increases in each market. They have two categories, the full-market number that includes "distressed sales" (short sales and foreclosures), and then another index that excludes "distressed sales". We don't...
