Real Estate Forums

San Diego Real Estate · 08-18-2005, 09:13 AM

The number of mortgage default notices sent to California homeowners decreased during the second quarter, dropping 14.4 percent from first quarter, according to a recent report by DataQuick Information Systems. Lending institutions sent default notices to 12,408 homeowners between April 1 and June 30, a decline of 0.9 percent when compared with the number of default notices sent during the same period one year earlier. Within California, the odds of a mortgage loan defaulting are least likely in San Luis Obispo, San Francisco and Napa counties and most likely in the Central Valley counties, according to the report.

Strong appreciation rates have helped keep foreclosure activity below normal levels during the first half of 2005, according to the report. "Current foreclosure rates are unnaturally low, and we expect them to go up during the rest of this year as appreciation rates ease back," said DataQuick President Marshall Prentice.

More Info>

San Diego Homes & Condos · 08-18-2005, 03:27 PM

Interesting post. There is so much anticipation for when the market is gonna slow down.

San Diego Real Estate · 08-18-2005, 06:41 PM

Part of Greenspans recent raising of rates is so we don't have a bubble! I think we are fine here in San Diego...Unless gas goes to $4

San Diego Homes & Condos · 08-18-2005, 07:11 PM

No worries but diesel was $3.11 today.

Las Vegas Real Estate · 08-20-2005, 04:26 PM

Uh-oh...it's happening! SDRE made a good point in another topic posting, when he stated that our gas prices are still low compared to the rest of the world. Even if they do go up in CA, they will in other places as well, and either way, we are still on the "low" end compared to other places in the world!