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Another Record Month for Foreclosures
 The month of April saw 3,601 default notices and 1,512 trustee sale notices. The former indicate homeowners who've been put on notice for mortgage delinquency; the latter are sent to owners about to have their homes repossessed. Both are at all-time records.
The graph to the right presents a long-term look at such filings. To account for San Diego's growth over the years, default notices and trustee sales notices (NODs and NOTs) are calculated as a percentage of San Diego's labor force. Even after this adjustment, the graph makes clear that the current pace of foreclosure activity is leaving that of the 1990s housing downturn in the dust.
This record-breaking foreclosure activity is precisely what I was talking about last week when I noted that there is an important distinction between "want-to-sell" and "must-sell" inventory.
-- RICH TOSCANO
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Urban Discovery Academy responds to its critics.
Friday, May 16 -- 4:24 pm
He’s 'done negotiating,' but he’ll have to meet and confer with unions to get pension on the ballot.
Friday, May 16 -- 5:11 pm
More on the Bajagua scuttling.
Friday, May 16 -- 10:30 am
SURVIVAL IN SAN DIEGO
Filings up 103 percent over the year.
Wednesday, May 14 -- 11:33 am
LETTERS TO THE EDITOR
Why are we allowing unreasonable people to demand that we spend money to disturb the seal colony that so many people enjoy visiting?
Thursday, May 15 -- 1:58 pm
CAFÉ SAN DIEGO
Marti Emerald can bring all of these assets to City Hall.
Thursday, May 15 -- 7:50 pm
COMMENTARY: SLOP
So much for it 'never crossing' her mind.
Friday, May 16 -- 5:19 pm
COMMENTARY: RICH TOSCANO
After the first year-over-year decline since 1993, San Diego job growth is back in positive territory.
Friday, May 16 -- 4:34 pm
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This Just In
The EPA takes a tougher approach with another city's sewage treatment requirements. » Jan. 7 -- 7:52 am
Estimates: $171 million could be freed of restrictions.
Jan. 6 -- 6:47 pm
NBC takes apart the rumors that IOUs could replace teacher paychecks.
Jan. 6 -- 6:27 pm
SURVIVAL IN SAN DIEGO
David Lereah, head booster for Realtors earlier this decade, apologizes for being wrong.
Jan. 6 -- 10:47 am
LETTERS TO THE EDITOR
General obligation bonds, not lease-leaseback arrangements, are the answer to the city's "structural deficit" woes.
Jan. 6 -- 4:26 pm
CAFÉ SAN DIEGO
Here's a look at the tangible results MPAs have yielded.
Jan. 6 -- 4:30 pm
COMMENTARY: SLOP
Convicts find freedom, the former city manager of Chula Vista heads to Iraq, and more tidbits.
Jan. 6 -- 7:22 pm
COMMENTARY: RICH TOSCANO
The median-based price indicators closed out a dismal 2008 with another monthly decline.
Jan. 6 -- 4:06 pm
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Copyright © 2008 voiceofsandiego.org. All Rights Reserved.
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