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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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Have you been e-mailed by any of the candidates running in the June 3 election? If so, we want to hear from you.
Wednesday, May 21 -- 1:37 pm
Sanders says his streamlining effort will yield more than 100,000 hours of extra staff time each year.
Wednesday, May 21 -- 1:34 pm
Testing more kids boosts a Newsweek ranking, but does it mean a school is performing well?
Wednesday, May 21 -- 12:47 pm
SURVIVAL IN SAN DIEGO
Tax collector attributes increase to 'tight economic times.'
Wednesday, May 21 -- 2:01 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 -- 3:18 pm
CAFÉ SAN DIEGO
The city attorney will need to listen, learn, and counsel on a variety of issues, without regard to the city attorney's personal views or politics.
Wednesday, May 21 -- 7:05 pm
COMMENTARY: SLOP
Dumanis deals with consequences of political activity while Peters breaks her tenet for prosecutorial behavior.
Wednesday, May 21 -- 4:24 pm
COMMENTARY: RICH TOSCANO
Home sales may be increasing, but they still aren't keeping pace with foreclosure activity.
Wednesday, May 21 -- 12:55 pm
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This Just In
Council will address Sanders' surprise veto of council budget vote, and will likely vote for a third time on budget cuts. » Dec. 4 -- 12:23 pm
The city attorney will go into private practice with two top deputies.
Dec. 4 -- 11:49 am
The former councilman stays mum on MEA post.
Dec. 4 -- 11:47 am
SURVIVAL IN SAN DIEGO
'At this point, if we lose it, we know it wasn’t to be.'
Dec. 3 -- 10:43 am
LETTERS TO THE EDITOR
Former U.S. Attorney's tenure was marked by unsubstantiated prosecutions and failure to protect the border.
Dec. 3 -- 6:37 pm
CAFÉ SAN DIEGO
Considering the potential gains, would $2.50 per gallon for gas be that bad?
Dec. 2 -- 4:49 pm
COMMENTARY: SLOP
The city will have to deal with a lingering gambling problem.
Dec. 3 -- 4:05 pm
COMMENTARY: RICH TOSCANO
Past recessionary patterns indicate that San Diego unemployment could climb for quite a while yet.
Dec. 2 -- 9:19 pm
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