Foreclosures, Foreclosures, Foreclosures!!!

[latesummer2008]

This has become the Real Estate Market in California. Over 200,000 filings last quarter. Thats up almost 200% over last year and 1 out of every 65 households in the state. Most REOs aren’t even included in “Current Inventory” as reported by the MLS. Prices will continue to plummet until the “Real Inventory” is worked through. Pay particular attention to YOY (Year over Year) trends in the market, not just manipulated figures by the Govt, NAR or CAR.

What happened to La Jolla last month? Dataquick shows it was hit pretty hard. Especially condos.

San Diego was the leader in appreciation and now leads on the way down. Los Angeles is a year behind, and has now shown significant price declines in affluent areas. Santa Monica, Brentwood, Beverly Hills, Pacific Palisades and Malibu are all feeling it now.

http://www.westsideremeltdown.blogspot.com

[EconProf]

The price drop per average house YOY is not too meaningful since it can be distorted by a change in the mix of housing type.
What counts is the decline in price/Sq.Ft., which is down a considerable 20% or so, YOY. This is huge, in these previously impregnable markets. The question must be asked, will LJ, Del Mar, etc. follow their northern neighbors?

[EconProf]

The price drop per average house YOY is not too meaningful since it can be distorted by a change in the mix of housing type.
What counts is the decline in price/Sq.Ft., which is down a considerable 20% or so, YOY. This is huge, in these previously impregnable markets. The question must be asked, will LJ, Del Mar, etc. follow their northern neighbors?

[EconProf]

The price drop per average house YOY is not too meaningful since it can be distorted by a change in the mix of housing type.
What counts is the decline in price/Sq.Ft., which is down a considerable 20% or so, YOY. This is huge, in these previously impregnable markets. The question must be asked, will LJ, Del Mar, etc. follow their northern neighbors?

[EconProf]

The price drop per average house YOY is not too meaningful since it can be distorted by a change in the mix of housing type.
What counts is the decline in price/Sq.Ft., which is down a considerable 20% or so, YOY. This is huge, in these previously impregnable markets. The question must be asked, will LJ, Del Mar, etc. follow their northern neighbors?

[EconProf]

The price drop per average house YOY is not too meaningful since it can be distorted by a change in the mix of housing type.
What counts is the decline in price/Sq.Ft., which is down a considerable 20% or so, YOY. This is huge, in these previously impregnable markets. The question must be asked, will LJ, Del Mar, etc. follow their northern neighbors?

[cr]

Here’s an article on it.

http://www.msnbc.msn.com/id/25846164

I’ve heard some MSM cheerleaders say the last round of info shows signs of a bottom.

Hard to swallow when:

Home foreclosure filings during the second quarter were reported on 739,714 U.S. properties, up 121 percent from a year earlier”

[cr]

Here’s an article on it.

http://www.msnbc.msn.com/id/25846164

I’ve heard some MSM cheerleaders say the last round of info shows signs of a bottom.

Hard to swallow when:

Home foreclosure filings during the second quarter were reported on 739,714 U.S. properties, up 121 percent from a year earlier”

[cr]

Here’s an article on it.

http://www.msnbc.msn.com/id/25846164

I’ve heard some MSM cheerleaders say the last round of info shows signs of a bottom.

Hard to swallow when:

Home foreclosure filings during the second quarter were reported on 739,714 U.S. properties, up 121 percent from a year earlier”

[cr]

Here’s an article on it.

http://www.msnbc.msn.com/id/25846164

I’ve heard some MSM cheerleaders say the last round of info shows signs of a bottom.

Hard to swallow when:

Home foreclosure filings during the second quarter were reported on 739,714 U.S. properties, up 121 percent from a year earlier”

[cr]

Here’s an article on it.

http://www.msnbc.msn.com/id/25846164

I’ve heard some MSM cheerleaders say the last round of info shows signs of a bottom.

Hard to swallow when:

Home foreclosure filings during the second quarter were reported on 739,714 U.S. properties, up 121 percent from a year earlier”

[latesummer2008]

Yes ! Price Per Square Foot (PPSF) is the best price indicator to measure. If someone has those figures they would be extremely helpful. I have posted some for L.A., but not S.D.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Yes ! Price Per Square Foot (PPSF) is the best price indicator to measure. If someone has those figures they would be extremely helpful. I have posted some for L.A., but not S.D.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Yes ! Price Per Square Foot (PPSF) is the best price indicator to measure. If someone has those figures they would be extremely helpful. I have posted some for L.A., but not S.D.

http://www.westsideremeltdown.blogspot.com

[latesummer2008]

Yes ! Price Per Square Foot (PPSF) is the best price indicator to measure. If someone has those figures they would be extremely helpful. I have posted some for L.A., but not S.D.

http://www.westsideremeltdown.blogspot.com

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