Thursday, August 03, 2006

kreditausfälle californien

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=mktw&guid=%7B1075F84E%2D0DCE%2D4484%2DB8D2%2D024F9E64D029%7D&keyword=

Mortgage defaults up 67% in California
Notices filed on late loans highest in more than three years


highlights:

Lenders sent 20,752 default notices to homeowners across the Golden State, up 10.5% from 18,778 the previous quarter and up 67.2% from 12,408 in the second quarter of 2005. Notices of default are formal documents filed with the county recorder's office which mark the first step of the foreclosure process

The 20,752 defaults were the highest since 25,511 were filed in the first quarter of 2003.

California defaults had hit a low of 12,145 in the third quarter of 2004, a year during which home prices were on average rising by more than 20% annually. But so far this year, annual price gains have slipped into single digits in many of the state's key housing markets, DataQuick said.

In July, median home prices in San Diego and Sacramento counties dipped about 1% from the year earlier. As a result, second-quarter defaults rose by 99% in San Diego County and 109% in Sacramento County.

Still, that represented just 1,778 default notices in San Diego and 1,352 in Sacramento.

DataQuick said overall defaults remain about one-third their peak level reached in 1996 in the last housing recession in California. (die aktuellen zahlen sind noch sehr gering und machen erst 30% des letzten bust aus. noch ne menge raum für mehr trouble)

gruß
jan-martin

2 Comments:

Anonymous Anonymous said...

Check this out.

http://globaleconomicanalysis
.blogspot.com/

"Is housing bottoming out?"

Very Interesting!

12:18 PM  
Blogger jmf said...

thanks

mish rocks!

10:04 PM  

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