In my last post, Are San Diego Home Prices Bottoming Out? Moving Averages Say Not Yet we looked at moving averages and the most likely implication. But, we also noted that moving averages are a trailing indicator. If you are going to beat the market, you need leading indicators. Enter the Movi
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05/13/2009
Thousands upon thousands have made beating the stock market their business and in the process they have developed a few tools that can be applied to our real estate market. The first is the concept of moving averages. In the following graph, taking San Diego as a whole, we plot out the 10 and 2
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05/13/2009
I subscribe to way too many information sources, but eventually some real gems are produced. I thought this article sufficiently interesting to pass along. It comes from ForeclosureRadar http://www.foreclosuretruth.com/blog/sean/part-1-credit-bubble-was-root-problem This is the first in a nine
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05/12/2009
From most of the people I have been talking with, all signs point to a wave of foreclosures heading our way. The common wisdom seems to be that the moratoriums have temporarily dammed up the stream, causing a backlog; when all the moratoriums are lifted we are in for a mass of foreclosures. The
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05/11/2009
Yesterday we went through a home inspection on an REO. As you might be able to see in the picture, there is a distinct sag in the roof. The dip, an estimate 6-8 inches had, underlying it, a cracked joist. In fact, along several spans you can see the same behavior, although none quite so deep.
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05/09/2009
All, I am representing the buyer of an REO. The CA purchase agreement states that utilities and all operable pilot lights must be on in order for the buyer to perform their inspections (and through closing). It was not countered out specifically although there is a segment in the Ocwen's counte
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04/30/2009
