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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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A look at immigration enforcement at border schools.
Friday, May 23 -- 2:12 pm
Revised budget cuts allow the school district to cancel all 274 educator layoffs.
Thursday, May 22 -- 3:30 pm
The superintendent will recommend what jobs to restore.
Thursday, May 22 -- 2:54 pm
SURVIVAL IN SAN DIEGO
Some tips for homeowners in foreclosure.
Friday, May 23 -- 4:17 pm
LETTERS TO THE EDITOR
To prevent Sunroads and Blackwaters of the future, all permits above a certain threshold should be subject to discretionary review.
Wednesday, May 21 -- 7:27 pm
CAFÉ SAN DIEGO
Let’s not judge people by the mistakes they make, but by how they respond to them.
Friday, May 23 -- 5:33 pm
COMMENTARY: SLOP
Was Sanders' campaign manager doing 'dirty' things or just stupid maneuvers?
Friday, May 23 -- 5:53 pm
COMMENTARY: RICH TOSCANO
Some new evidence suggests that foreclosure activity is increasing among borrowers with better credit and more expensive homes.
Friday, May 23 -- 6:07 pm
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This Just In
Brian Bennett, who helped shepherd more than a dozen new charter schools, is mourned by family and friends. » Jan. 7 -- 1:07 pm
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
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
Help readers get to know the new City Council president on a more personal level.
Jan. 7 -- 1:46 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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