San Diego First Half Foreclosures up 551%
So...I've read this forum and blog for a while now and felt like I should contribute something...so here goes...
Article
Some choice quotes from the article...
Leading off the piece...
Home foreclosures in San Diego County continued their troublesome upward climb in June, but analysts say the number has yet to reach a threshold that creates a drag on real estate prices or the economy at large.
551% isn't bad enough to start affecting prices? huh?
Then the grass is always greener at home...
"California is better off than the nation and San Diego County is better off than California," said researcher John Karevoll of DataQuick Information Systems.
You hear that, Seattle? San Diego has a better housing market with you even with 551% year over year foreclosure increases! Oh snap!
There's plenty more fun in the rest of the article...I could really just post the whole thing and respond to it all piece by piece...just go read the durn thing.
Article
Some choice quotes from the article...
Leading off the piece...
Home foreclosures in San Diego County continued their troublesome upward climb in June, but analysts say the number has yet to reach a threshold that creates a drag on real estate prices or the economy at large.
551% isn't bad enough to start affecting prices? huh?
Then the grass is always greener at home...
"California is better off than the nation and San Diego County is better off than California," said researcher John Karevoll of DataQuick Information Systems.
You hear that, Seattle? San Diego has a better housing market with you even with 551% year over year foreclosure increases! Oh snap!
There's plenty more fun in the rest of the article...I could really just post the whole thing and respond to it all piece by piece...just go read the durn thing.
Comments
http://www.signonsandiego.com/news/busi ... fault.html