4 Articles match "2005","Households","San Diego"

• The Best from RealtyTrac

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• Latest Census Data Suggest More Foreclosures Coming
  
  Census Bureau , based on 2005 data, suggests that the American public is spending more of their disposable income on necessities — especially owner occupied and rental housing. Take San Diego, for example, where the median price of a home jumped from $249,000 to $567,000 in five years (2000-2005). Not only is San Diego unaffordable for many first-time home buyers, but, according to the RealtyTrac Will the thinly stretched finances of U.S. homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing bubble?
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures up 13 percent in February
  
  We show 117,259 properties nationwide entered some stage of foreclosure in February, a 13 percent increase from the previous month and a 68 percent increase from February 2005. households. In addition, bank-owned properties accounted for 39 percent of the total number, which is a higher percentage than usual and indicates that fewer homeowners in default have been able to stop the foreclosure process by selling or refinancing RealtyTrac released our February 2006 foreclosure numbers today, and they show U.S. foreclosures increasing for the third month in a row.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Coastal Disasters = More Foreclosures?
  
  Then a few years ago the wildfires in San Diego had the same effect — skittish insurance companies turning and running after paying off on what were expensive policy claims. Florida had 124,721 foreclosures last year — a 2 percent increase from 2005, and a foreclosure rate of one new filing for every 59 households. For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  In my opinion, we are going to see around 50% home price drop from peak in 2007(for south land) before price can stabilize. If you move westward other cities like Upland, Claremont, La Vern, San Dimas, Glendora, Azusa, Covina, Monrovia, Arcadia, San Gabriel, Temple City, Alhambra, Rosemead and Monterey Park, house price does not drop too much, probably around 5 to 10%. households who live in rental properties, these renters will jump in and start buying. Of course, the other 30 percent of current homeowners will feel the pain financially. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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