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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The El Cajon Police Department launches a new community website.
Tuesday, May 13 -- 5:47 pm
Not much clarity yet on what happens next in the city's labor talks.
Tuesday, May 13 -- 5:35 pm
Who's wrong? Almost everyone, apparently.
Tuesday, May 13 -- 12:08 pm
SURVIVAL IN SAN DIEGO
A reader's take on a neighbor's abrupt departure.
Tuesday, May 13 -- 3:01 pm
LETTERS TO THE EDITOR
'Although I don’t take pride in it, I will take full responsibility for suggesting [Phil Thalheimer's 2004] no developer or special interest/lobbyist contribution strategy.'
Tuesday, May 13 -- 1:54 pm
CAFÉ SAN DIEGO
EHC members want to see Barrio Logan redeveloped and improved, but to the benefit of its residents, local businesses and historic cultural heritage. Big developers and speculators have other interests.
Thursday, May 8 -- 4:37 pm
COMMENTARY: SLOP
Steve Francis says he's giving 'more thoughtful answers' on immigration -- not flip-flopping.
Monday, May 12 -- 9:33 pm
COMMENTARY: RICH TOSCANO
Foreclosure filings piled up at their fastest pace yet in April.
Monday, May 12 -- 11:37 pm
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Funding helps for now, but more will be needed to test therapies.
Thursday, August 21, 2008 -- 1:07 pm
The city councilman backs his former opponent in the city attorney's race.
Wednesday, August 20, 2008 -- 5:30 pm
The city councilman says he will re-nominate Rich Geisler to the SEDC board.
Wednesday, August 20, 2008 -- 2:31 pm
SURVIVAL IN SAN DIEGO
Local foreclosure-as-choice company says it's growing.
Wednesday, August 20, 2008 -- 6:14 pm
LETTERS TO THE EDITOR
The hotel chain's Grapevine, Texas project just won't stop.
Wednesday, August 20, 2008 -- 7:21 pm
CAFÉ SAN DIEGO
How the teachers union seems more concerned about maintaining its power play than uniting its members.
Thursday, August 21, 2008 -- 1:11 pm
COMMENTARY: SLOP
The Chula Vista city manager is caught surfing 'Web pages.'
Tuesday, August 19, 2008 -- 6:38 pm
COMMENTARY: RICH TOSCANO
Savers are watching their real wealth disappear for the benefit of the housing market and financial industry.
Tuesday, August 19, 2008 -- 6:04 pm
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