Archive for May, 2008

May 31, 2008

Mr Mortgage-CA Housing Crisis – 4.25 Year of Supply!

Trying to make sense of all the turmoil in the RE market? Watch this.


Increased Sales but Increased Foreclosures Too

May 22, 2008

Dataquick reported an increase in sales of homes in SoCal the other day that appears promising. But a closer look at the numbers reveals that foreclosures are on the rise and adding to inventory levels at a pace that far exceeds the rate of home sales. Mr. Mortgage explains that the REO’s hitting the market now and in the future could threaten home values more than most people realize. Check it out here.

May 14, 2008

Mr Mortgage April Foreclosure Report

Check out Mr. Mortgage’s comments on the April REO and foreclosure market. Not good news but it’s a viewpoint you won’t hear from the mainstream press.

Foreclosures and Short Sales Dominate San Diego Sales

May 3, 2008

The blog “Calculated Risk” published a statistic on San Diego real estate sales that is astonishing. According to their post, 63% of all pending sales last month were either short sales or bank-owned (REO) properties. The trend does not appear to be leveling off.

Bank-owned and short sales as % of pending sales in San Diego

The worst is yet to come?

May 1, 2008

Pretty compelling evidence that the subprime problem could pale in comparison to the Alt-A  crisis. Watch Mr. Mortgage’s video.

May 1, 2008