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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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There hasn't been much content in this space today. But the Election Central blog has been rolling.
Friday, May 30 -- 5:10 pm
The service has been sold to a rival newspaper syndicate.
Thursday, May 29 -- 6:21 pm
Sen. Christine Kehoe's package of fire bills, introduced earlier this year, progresses through the California Senate.
Thursday, May 29 -- 6:03 pm
SURVIVAL IN SAN DIEGO
What's happening in downtown National City?
Thursday, May 29 -- 12:45 pm
LETTERS TO THE EDITOR
Voice of San Diego is compromising its normally fair and objective reporting with a misleading headline.
Friday, May 30 -- 5:31 pm
CAFÉ SAN DIEGO
Steve Francis offers us the hope and change that San Diego desperately needs.
Friday, May 30 -- 4:16 pm
COMMENTARY: SLOP
A reminder of the local paper's own trouble with consistency.
Friday, May 30 -- 6:11 pm
COMMENTARY: RICH TOSCANO
Home prices are back to levels last seen over four years ago.
Friday, May 30 -- 12:40 pm
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This Just In
Mayor says he didn't want to issue veto, but had to because city attorney failed to issue an opinion on legality of council vote. » Dec. 3 -- 8:22 pm
Announcing our first ever high-school essay contest.
Dec. 3 -- 6:12 pm
Union leader Italiano says she wants ex-councilman to apply.
Dec. 3 -- 5:13 pm
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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