FORECLOSURERADAR.COM - Riverside County - May 2008
In reviewing the foreclosure statistics for Riverside County we found that we are presently near the peak of the foreclosure activity in this county. Only time will tell if the foreclosure activity will surpass these levels.
Disturbing information, the ratio of the NOS's to NOD's with a 90 day lag has increased greatly since the first half of 2007. In the first half of 2007 the ratio was 63% now we are at 104%, a 41% increase in the rate at which NOD's are turning into NOS's. There are more NOS's due to hold overs from previous months. (Why a 90 day lag on the data? NOD's expire and move into NOS's at 90 days)
Further, the ratio of cancelations to NOS's has decreased sharply in the last couple years to just 11% for the first five months of the year. Historically this ratio runs around 60% of the NOS's in an appreciating market.
The number of NOD's have decreased 15.8% from their peak in March 2008, let's home they do not surpass what we have seen so far.
All this data leads me to predict NOS's will hit approx. 4,100 in July 2008.
To see the full report and supporting data click here.
Empire Realty is your real estate source for useful and money saving information.
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing or listing your next home in Upland, Rancho Cucamonga, Alta Loma, La Verne, Mira Loma, Riverside, Corona, Chino, Chino hills, Ontario, Claremont or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
FORECLOSURERADAR.COM - San Bernardino County - May 2008
In reviewing the foreclosure statistics for San Bernardino County we found that we are presently near the peak of the foreclosure activity in this county. Only time will tell if the foreclosure activity will surpass these levels.
Disturbing information, the ratio of the NOS's to NOD's with a 90 day lag has increased greatly since the first half of 2007. In the first half of 2007 the ratio was 64% now we are at 84%, a 20% increase in the rate at which NOD's are turning into NOS's. (Why a 90 day lag on the data? NOD's expire and move into NOS's at 90 days)
Further, the ratio of cancelations to NOS's has decreased sharply in the last couple years to just 12% for the first five months of the year. Historically this ratio runs around 60% of the NOS's in an appreciating market.
The number of NOD's have decreased 17.8% from their peak in April 2008, let's home they do not surpass what we have seen so far.
All this data leads me to predict NOS's will hit approx. 3,100 in July 2008.
To see the full report and supporting data click here.
Empire Realty is your real estate source for useful and money saving information.
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing or listing your next home in Upland, Rancho Cucamonga, Alta Loma, La Verne, Mira Loma, Riverside, Corona, Chino, Chino hills, Ontario, Claremont or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.
In of April 2008, 405 single family homes and a total of 9 condos/townhomes sold. My overall view of the market is still slipping.
For a full county market report Click Here.
Closed Sales For April 2008
180 Single Family Homes
0 Condos/Townhomes
Pending Sales For April 2008
808 Single Family Homes
14 Condos/Townhomes
Current Actives As of Today's Post
2,046 Single Family Homes
49 Condos/Townhomes
Foreclosure Activity for April 2008
92551 - 115 Notice of Defaults (NOD) Down 8 from last month
92551 - 108 Notice of Foreclosure Sale (NOS) Up 15 from last month
92553 - 199 Notice of Defaults (NOD) Down 12 from last month
92553 - 177 Notice of Foreclosure Sale (NOS) Up 23 from last month
92555 - 143 Notice of Defaults (NOD) Down 11 from last month
92555 - 139 Notice of Foreclosure Sale (NOS) Up 19 from last month
92557 - 141 Notice of Defaults (NOD) Down 2 from last month
92557 - 135 Notice of Foreclosure Sale (NOS) Up 13 from last month
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing your next home in Moreno Valley or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
No matter what the market, people will continue to desire to live in Beaumont, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Beaumont housing market continues to post brisk sales.
In of April 2008, 55 single family homes and a total of 0 condos/townhomes sold. My overall view of the market is still slipping.
For a full county market report Click Here.
Closed Sales For April 2008
56 Single Family Homes
0 Condos/Townhomes
Pending Sales For April 2008
128 Single Family Homes
0 Condos/Townhomes
Current Actives As of Today's Post
502 Single Family Homes
6 Condos/Townhomes
Foreclosure Activity for April 2008 - They ae really taling off, hold on!
92223 - 75 Notice of Defaults (NOD) Down 26 from last month
92223 - 77 Notice of Foreclosure Sale (NOS) Up 20 from last month
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing your next home in Beaumont or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
No matter what the market, people will continue to desire to live in Fontana, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Fontana housing market continues to post brisk sales.
In of April 2008, 261 single family homes and a total of 1 condos/townhomes sold, up 53 from last month. My overall view of the market is still slipping.
For a complete market analysis of San Bernardino County click here.
Closed Sales For April 2008: Up 18 from last month
141 Single Family Homes
1 Condos/Townhomes
Pending Sales For April 2008: Up 92 from last month
500 Single Family Homes
3 Condos/Townhomes
Current Actives As of Today's Post: Up 34 from last month
1894 Single Family Homes
49 Condos/Townhomes
Foreclosure Activity for April 2008 - They ae really taling off, hold on!
92335 - 191 Notice of Defaults (NOD) Up 16 from last month
92335 - 119 Notice of Foreclosure Sale (NOS) Up 19 from last month
92336 - 249 Notice of Defaults (NOD) Up 9 from last month
92336 - 203 Notice of Foreclosure Sale (NOS) Up 43 from last month
92337 - 108 Notice of Defaults (NOD) Up 26 from last month
92337 - 100 Notice of Foreclosure Sale (NOS) Up 9 from last month
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing your next home in Fontana or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
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