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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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If you checked out the list of school bond projects last week, check again.
Monday, July 7 -- 3:50 pm
City Hall flooded with e-mails, calls protesting San Diego's honoring of Latino rights group
Monday, July 7 -- 3:47 pm
NY Times looks at San Diego's latest pension bet.
Monday, July 7 -- 5:56 pm
SURVIVAL IN SAN DIEGO
My dad caught some salmon, my sister's getting hitched and the Great White North beckons.
Friday, June 27 -- 5:42 pm
LETTERS TO THE EDITOR
Why has San Diego fallen off of the Los Angeles Times’ radar?
Monday, July 7 -- 4:11 pm
CAFÉ SAN DIEGO
And how did you get Susan Golding to talk? More reader questions on the George Gorton profile.
Wednesday, June 25 -- 1:28 pm
COMMENTARY: SLOP
The agency joins a long list of San Diego governments willing to spend the public's money telling them how to vote.
Sunday, July 6 -- 6:57 pm
COMMENTARY: RICH TOSCANO
The spring selling season has come and gone with no hint of the the typical seasonal rally in home prices.
Friday, July 4 -- 1:35 pm
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This Just In
If you checked out the list of school bond projects last week, check again. » Jul. 7 -- 3:50 pm
City Hall flooded with e-mails, calls protesting San Diego's honoring of Latino rights group
Jul. 7 -- 3:47 pm
NY Times looks at San Diego's latest pension bet.
Jul. 7 -- 5:56 pm
SURVIVAL IN SAN DIEGO
My dad caught some salmon, my sister's getting hitched and the Great White North beckons.
Jun. 27 -- 5:42 pm
LETTERS TO THE EDITOR
Why has San Diego fallen off of the Los Angeles Times’ radar?
Jul. 7 -- 4:11 pm
CAFÉ SAN DIEGO
And how did you get Susan Golding to talk? More reader questions on the George Gorton profile.
Jun. 25 -- 1:28 pm
COMMENTARY: SLOP
The agency joins a long list of San Diego governments willing to spend the public's money telling them how to vote.
Jul. 6 -- 6:57 pm
COMMENTARY: RICH TOSCANO
The spring selling season has come and gone with no hint of the the typical seasonal rally in home prices.
Jul. 4 -- 1:35 pm
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