3,055 San Diego homes entered the foreclosure process in January. This is down from last spring’s record-setting levels, but not by much in the grand scheme of things.
The continued onslaught of mortgage default notices makes it clear that the three-month plunge seen in late-2008 was the result of new foreclosure rules, not of any sort of market improvement.
continue reading at voiceofsandiego.org
Is there anyway to see NOD’s
Is there anyway to see NOD’s by loan amounts?
peterb wrote:Is there anyway
[quote=peterb]Is there anyway to see NOD’s by loan amounts?[/quote]
Not that I have access to…
rich
I suspect the next shoe to
I suspect the next shoe to drop is with commercial real estate. I’d be interested if there are any numbers about commercial foreclosures or some way to measure the distress there. Any comments?
…Joseph
The charts are great!
I hear
The charts are great!
I hear people on NPR or read news articles going on about numbers and statistics often, but I find Rich’s charts to be far more helpful to paint the picture.
Is there another good reference for historical housing market data? With the stock market there are thousands of websites that provide stock price graphs for many decades, not so with median house price data. For some reason I don’t see that chart on the front page of NAR’s realtor.org, where “now” is always the “best time to buy.” 😉
Perhaps it would be interesting to see the second longer chart on voiceofsandiego overlayed with the home price index or median home price. With enough of these large momentum waves visually laid out on a multi-decade chart it might be easier to imagine the trend lines.
Great job Rich, thanks for the information!
monaco888 wrote:The charts
[quote=monaco888]The charts are great!
I hear people on NPR or read news articles going on about numbers and statistics often, but I find Rich’s charts to be far more helpful to paint the picture.
Is there another good reference for historical housing market data? With the stock market there are thousands of websites that provide stock price graphs for many decades, not so with median house price data. For some reason I don’t see that chart on the front page of NAR’s realtor.org, where “now” is always the “best time to buy.” 😉
Perhaps it would be interesting to see the second longer chart on voiceofsandiego overlayed with the home price index or median home price. With enough of these large momentum waves visually laid out on a multi-decade chart it might be easier to imagine the trend lines.
Great job Rich, thanks for the information!
[/quote]
Thanks Monaco — if you check out the more recent article there is a price index overlaid on the sales-per-default long term series. I will be updating my historical valuation charts shortly but the prior version can be found here:
http://piggington.com/bubbleprimer
Rich