First half of 2010 San Diego County’s Notice of Defaults are down 41%!

If you compare the first half of 2010 to same period last year, this San Diego County chart shows that Notice of Defaults are down 41%!  This means banks are getting better at processing short sales,  and  reflects the banks willingness to try to work things out with the homeowner, through either loan modification or short sales. The chart also shows that the change in the Foreclosure rate is -1% in the first half of 2010. This low rate may show that we have reach or are very close to our bottom. Another thought might be, since Southern California went into the housing recession earlier than other places, we may be  reaching the bottom a little faster and recovering a bit better than harder hit markets.  

So don’t miss your chance to invest in La Jolla Real Estate now! Interest rates are low and there are great deals out there.  Give me a call at 619.980.2738 or check my website!