Here is the latest report from foreclosureradar.com
Foreclosure Starts declined across our coverage area wiping out the small gains in new foreclosure filings last month. In California, Notice of Default filings are down 69.8 percent from the peak in March 2009, and 15.8 percent from April 2011. Notice of Trustee Sale Filings, the start of Arizona’s foreclosure process, are down 59.4 percent from the peak in March 2009, and down 8.0 percent year-over-year.
The agent caravan today was slim pickins’ with so little inventory. But just when you thought there was nothing really out there, I found two surprise properties.
In mid-town Ventura you’ll find a 3 bedroom, 1 bath home which has a 2 bedroom property behind the house. What makes this so special is that the back house has its own entrance so it is perfect for a separate office, art studio, guest quarters, in-law house, artist studio. Both rooms are very spacious and one is currently set up as a living room. You could probably rent it for around $1,100 a month which would offset your mortgage. The house in back even has its own beautiful green lawn!
We all read about trends in interest rates, national home price trends, new housing starts and many more economic indicators that influence the real estate markets. It will serve the real estate professional well to keep up with this information, but to always keep in mind that this is a local business. There can be many forces influencing your local market that will have little or no impact in other areas, and vice versa.Supply and demand in real estate isn’t as easy to balance as it is in manufactured commodities. Making more takes time, and there may not be room to make that happen in any given area. You can’t move it to where the buyers are.
In 1969, the devastating images of a massive oil spill from an oil platform off Santa Barbara’s coast galvanized California into action and caught the attention of the rest of the nation, including Senator Gaylord Nelson, founder of Earth Day, who visited Santa Barbara shortly after the spill. The resulting swell of outrage and concern gave rise to the first Earth Day in 1970, as well as to the creation of the Community Environmental Council – one of the most established environmental organizations in the region, and the host of Santa Barbara’s annual Earth Day Festival.