Monday, July 02, 2007

Consulting the Google Gods: Why?


What are people thinking about when they find this blog? Here are some examples:

why merced county goes foreclosure?
why loan defaults foreclosures increasing sacramento
why sacramento foreclosures
elk grove why are people selling their homes
why people move to sacramento
why is the housing market so bad
why are there so many homes for sale in the suburbs of sacramento california
why in sacrament in 1990 the real market when down
why the screwed up housing situation in sacramento
why the housing market boom has lessened
why is the housing market decline in merced ca
why tracy city's house price is decreasing?
why did central pacific mortgage company close
why elliot homes selling for less folsom
2007 why we aren't getting true housing data
jts homes in meadow why are there so many foreclosure
why declining enrollment in california public schools
why so many forclosures in tracy california
why sacramento still continue to build new homes

13 comments:

Diggin Deeper said...

I don't know how up to date this site is, but I just did a search on foreclosures.com for pre-foreclosure and foreclosed properties for sale. For the city of Sacramento the total was 5,558 and the county showed 10,311, most of which only shows up on the MLS when it's realtor sold. The current inventory numbers for June are 17,600+ with approximately 1000 falling off at the end of June due to listing cancellations. Wow, now that sounds like an opportunity for an agent to get a few old/new listings. Does anyone know what the inventory figures are for new homes? Are they included in the 17,600 above? Is it possible we're pushing close to 38% of the total inventory available (if new homes are included in the 17,600)as distressed inventory?

Diggin Deeper said...
This comment has been removed by the author.
Diggin Deeper said...

Late payments rise for home equity loans ...

http://news.yahoo.com/s/ap/20070703/ap_on_bi_ge/late_loans_3;_ylt=AmEwb9STREAn2a3r3HE_skEE1vAI

Late payments on Home Equity Loans were up about 10.6% during the first quarter '07. Consumer loan and car loan and other loan lates were up approximately 7.8%. But the bright side was that credit card lates were down 1.1% for the same period.

Looks like the lumpen are still using their homes to make their CC and car loan payments. They wouldn't do that would they?

We had better hope this trend reverses quickly...

Cmyst said...

Interesting Googling! I found this site about 18 months ago not by Google, but by a link from Ben's site -- and Ben's site had been recommended by a finance/economics expert on Dkos.

Evidently people are still using the house ATM. I've heard lots of radio spots lately which actually use the housing bust to encourage people to go upside down. Something like "housing prices are dropping, so lock in to a HELOC now!" Disgusting.

paranoid renter said...

I think those questions should be used to create a FAQ. It should make an interesting read. I'm interested in answers to all those questions!!

buying time said...

I found this site using yahoo many months ago. I was looking for something to validate my gut feeling that all was not as rosy as the realtors were advertising. Of course the majority of the sites I found during those searches were realtor sites!

norcaljeff said...

Lander, I've got another for google:

why is sippin bullish on real estate?

I found this site from looking to see why in hell so many people were throwing good money after bad money into something that was bound to collapse. I believe it was linked from another site, possibly FIT?

Gwynster said...

Hmmm Sippin it's a bad guy, he just has a few blind spots. If you asked Sippin if Elk Grove or Natomas is going to cash and burn, I'd bet he'd say yes. He's not dumb after all.

Imply that East Sac will suffer along with those areas though? You'd think I'd been caught doing something dirty on the american flag >; )

smf said...

I have started to notice a few more house reductions in the last few days.

The last gasps of high prices, perhaps?

Even Gold River now is starting to buckle under the weight.

Gwynster said...

"Sippin it's a bad guy"
supposed to be _isn't a bad guy_
More G&Ts please >; )

No picking on Gold River or Real will come and put the smackdown on ya. LOL

Patient Renter said...

"No picking on Gold River or Real will come and put the smackdown on ya. LOL"

That's exactly what I was about to say, hehe. I remember back in the day before El Dorado Hills was very built up (many years ago), we were members at the Gold River Club or whatever it's called (membership through my father's company). Even then, I was happy I didn't live there.

Perfect Storm said...

It looks like more homes are now being foreclosed on than sold in the Sacramento area.

Housing/Mortgage Doom 2007.

Were right on track for a 50% decline by 2009.

Perfect Storm said...

It looks like more homes are now being foreclosed on than sold in the Sacramento area.

Housing/Mortgage Doom 2007.

Were right on track for a 50% decline by 2009.