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Archive for November 17th, 2009

17
Nov

San Diego Home Prices Rise – Home Sales Fall

San Diego home sales

San Diego home sales

According to La Jolla- based MDA DataQuick, San Diego County home prices fell by 2 percent in October, compared to the same month a year ago, but, home prices rose by 0.5 percent.

Home prices across the Southern California region — including Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties — dipped 6.7 percent to $280,000. The median price of a Southern California home was $280,000 in October, up 1.8 percent from $275,000 in September but down 6.7 percent from $300,000 in October 2008. Read more »

17
Nov

Home Mortgage Delinquencies Slow – But Still Hit Record

San Diego California

San Diego California

According to credit reporting agency TransUnion, for the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due.

The rate was up 7.6 percent from the second quarter. That’s a much smaller jump than the 11.3 percent rise in the second quarter from the first, and the 14 percent leap seen in the quarter before that.

Being two months behind is considered a first step toward foreclosure, because it’s so hard to catch up with payments at that point.

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