5 Articles match "California","Households","San Diego"

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• California Tops PMI's Risk Index
  
  Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S. The San Diego-Carlsbad-San Marcos, CA, and Oakland-Fremont-Hayward, CA, metro areas tied for second place with a score of 603. Rounding out the top 10 with their scores were: Nassau-Suffolk, NY (601); Riverside-San Bernardino-Ontario, Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Latest Census Data Suggest More Foreclosures Coming
  
  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 U.S. Foreclosure Market Report for August 2006 , the city also had the third highest number of foreclosures in California with a foreclosure rate of one new foreclosure filing for every 745 households — 1.35 Will the thinly stretched finances of U.S. homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• You Too Can Predict the Future...Maybe
  
  The way things are going nowadays you too have about as much a chance of correctly predicting whether the nation and the state of California are either headed towards, or are already in, a recession as any of the professionals who do it for a living. This week, by contrast, the San Diego Union-Tribune is reporting that prognosticators working at +News+>+Business+--+Experts+forecast+sees+no+recession&expire=&urlID=27087637&fb=Y&url=http://www.signonsandiego.com/news/business/20080311-9999-1n11econ.html&partnerID=621">UCLA’s Anderson Forecast don’t see the nation — or
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Coastal Disasters = More Foreclosures?
  
  It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Many insurance companies that WERE writing homeowner’s insurance policies pulled out of California altogether after that one. 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 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%. And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. 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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