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sd_bear
ParticipantUnfortunately you give me too much credit SD Realtor. I am simply the messenger, not the data miner. The fine folks at californiahousingforecast.com are the ones who performed the search and pulled the information. I only wish I had access to the MLS to be able to perform my own searches.
I knew everyone here (including myself) was very interested in seeing actual numbers, or at least good estimates to what the banks were holding vs. releasing.
ParticipantUnfortunately you give me too much credit SD Realtor. I am simply the messenger, not the data miner. The fine folks at californiahousingforecast.com are the ones who performed the search and pulled the information. I only wish I had access to the MLS to be able to perform my own searches.
I knew everyone here (including myself) was very interested in seeing actual numbers, or at least good estimates to what the banks were holding vs. releasing.
ParticipantUnfortunately you give me too much credit SD Realtor. I am simply the messenger, not the data miner. The fine folks at californiahousingforecast.com are the ones who performed the search and pulled the information. I only wish I had access to the MLS to be able to perform my own searches.
I knew everyone here (including myself) was very interested in seeing actual numbers, or at least good estimates to what the banks were holding vs. releasing.
ParticipantUnfortunately you give me too much credit SD Realtor. I am simply the messenger, not the data miner. The fine folks at californiahousingforecast.com are the ones who performed the search and pulled the information. I only wish I had access to the MLS to be able to perform my own searches.
I knew everyone here (including myself) was very interested in seeing actual numbers, or at least good estimates to what the banks were holding vs. releasing.
ParticipantI believe this article provides some insight into the original question.
In the second half of last year, 4989 homes were sold at Trustee Sale: 4820 homes were returned to lenders and 169 homes were purchased by a third party. That is quite a bit, considering that if each one of those homes were now on the MLS, we’d have 25% more listings (24000 instead of 19201), and if each of these homes had been sold instead we’d have 50% more sales (15000 instead of 10870 resales in H2 last year). So we definitely have a foreclosure problem, in terms of the numbers involved.
What happened to these 4820 homes returned to the lender in the second half of last year? I searched the MLS for “bank owned” in the remarks field, and found 816 sold in H2, and 914 are currently for sale, for a total of 1730 bank owned homes. Where are the other 3,170 bank owned homes?
ParticipantI believe this article provides some insight into the original question.
In the second half of last year, 4989 homes were sold at Trustee Sale: 4820 homes were returned to lenders and 169 homes were purchased by a third party. That is quite a bit, considering that if each one of those homes were now on the MLS, we’d have 25% more listings (24000 instead of 19201), and if each of these homes had been sold instead we’d have 50% more sales (15000 instead of 10870 resales in H2 last year). So we definitely have a foreclosure problem, in terms of the numbers involved.
What happened to these 4820 homes returned to the lender in the second half of last year? I searched the MLS for “bank owned” in the remarks field, and found 816 sold in H2, and 914 are currently for sale, for a total of 1730 bank owned homes. Where are the other 3,170 bank owned homes?
ParticipantI believe this article provides some insight into the original question.
In the second half of last year, 4989 homes were sold at Trustee Sale: 4820 homes were returned to lenders and 169 homes were purchased by a third party. That is quite a bit, considering that if each one of those homes were now on the MLS, we’d have 25% more listings (24000 instead of 19201), and if each of these homes had been sold instead we’d have 50% more sales (15000 instead of 10870 resales in H2 last year). So we definitely have a foreclosure problem, in terms of the numbers involved.
What happened to these 4820 homes returned to the lender in the second half of last year? I searched the MLS for “bank owned” in the remarks field, and found 816 sold in H2, and 914 are currently for sale, for a total of 1730 bank owned homes. Where are the other 3,170 bank owned homes?
ParticipantI believe this article provides some insight into the original question.
In the second half of last year, 4989 homes were sold at Trustee Sale: 4820 homes were returned to lenders and 169 homes were purchased by a third party. That is quite a bit, considering that if each one of those homes were now on the MLS, we’d have 25% more listings (24000 instead of 19201), and if each of these homes had been sold instead we’d have 50% more sales (15000 instead of 10870 resales in H2 last year). So we definitely have a foreclosure problem, in terms of the numbers involved.
What happened to these 4820 homes returned to the lender in the second half of last year? I searched the MLS for “bank owned” in the remarks field, and found 816 sold in H2, and 914 are currently for sale, for a total of 1730 bank owned homes. Where are the other 3,170 bank owned homes?
ParticipantI believe this article provides some insight into the original question.
In the second half of last year, 4989 homes were sold at Trustee Sale: 4820 homes were returned to lenders and 169 homes were purchased by a third party. That is quite a bit, considering that if each one of those homes were now on the MLS, we’d have 25% more listings (24000 instead of 19201), and if each of these homes had been sold instead we’d have 50% more sales (15000 instead of 10870 resales in H2 last year). So we definitely have a foreclosure problem, in terms of the numbers involved.
What happened to these 4820 homes returned to the lender in the second half of last year? I searched the MLS for “bank owned” in the remarks field, and found 816 sold in H2, and 914 are currently for sale, for a total of 1730 bank owned homes. Where are the other 3,170 bank owned homes?
ParticipantJust curious – where did you find that incomes grew 30% in this area in 7 years? My gut says that is pretty high, though I don’t know where to research it. If it did I’m sure its very likely much of it could be bubble money.
This math also takes into account that rents remain stable while housing goes down. Won’t rents will be going down as well? I guess its all speculation anyway.
ParticipantJust curious – where did you find that incomes grew 30% in this area in 7 years? My gut says that is pretty high, though I don’t know where to research it. If it did I’m sure its very likely much of it could be bubble money.
This math also takes into account that rents remain stable while housing goes down. Won’t rents will be going down as well? I guess its all speculation anyway.
ParticipantJust curious – where did you find that incomes grew 30% in this area in 7 years? My gut says that is pretty high, though I don’t know where to research it. If it did I’m sure its very likely much of it could be bubble money.
This math also takes into account that rents remain stable while housing goes down. Won’t rents will be going down as well? I guess its all speculation anyway.
ParticipantJust curious – where did you find that incomes grew 30% in this area in 7 years? My gut says that is pretty high, though I don’t know where to research it. If it did I’m sure its very likely much of it could be bubble money.
This math also takes into account that rents remain stable while housing goes down. Won’t rents will be going down as well? I guess its all speculation anyway.
ParticipantJust curious – where did you find that incomes grew 30% in this area in 7 years? My gut says that is pretty high, though I don’t know where to research it. If it did I’m sure its very likely much of it could be bubble money.
This math also takes into account that rents remain stable while housing goes down. Won’t rents will be going down as well? I guess its all speculation anyway.
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