Thursday, February 02, 2006

Wire Story - CA Foreclosure Stats

2:24 (Dow Jones) Foreclosure activity in California rose in the 4Q, as lenders sent out 14,999 default notices to California homeowners, up 19% from 12,606 in the 3Q and up 15.6% from 12,978 in the 4Q of 2004, says DataQuick Information Systems, a real estate information service. Defaults hit a low during the 3Q of 2004 at 12,145 default notices, and the high was in the 1Q of 1996 at 59,897. DataQuick's data go back to 1992. "Equity is now being created at a slower pace, and default activity is inevitably on the rise," says DataQuick president Marshall Prentice, in a press release. (DAR)

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4 Comments:

Anonymous California gold said...

Great post...yes the real estate decline is really well underway.

I just read another very insighful article by a San Diego real estate broker, it too is MUST READ. It is located at:
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm

Friday, February 03, 2006 12:01:00 PM  
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Thursday, February 23, 2006 5:57:00 PM  
Anonymous Los Angeles real estate brokers said...

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Thursday, February 23, 2006 6:21:00 PM  
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Saturday, March 04, 2006 12:14:00 AM  

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