djc
01-22-2008, 08:51 PM
Median Price Of California Home Slips To $402,000
SAN DIEGO -- Foreclosures reached a 20-year high in California during the fourth quarter of 2007 as a growing number of homeowners fell behind on their mortgage payments, a real estate research firm said Tuesday.
A total of 31,676 homes ended up in foreclosure during the quarter ended Dec. 31, marking the highest figure since DataQuick Information Systems began keeping such numbers in 1988.
The total represents a 30.8 percent increase from the previous quarter and a 421.2 percent jump from 6,078 foreclosures in the same quarter of 2006, DataQuick said.
In addition, 81,550 default notices were sent to homeowners statewide between October and December, up 12.4 percent from the previous quarter and more than 114 percent in the year-ago quarter, according to DataQuick.
http://www.nbcsandiego.com/money/15112383/detail.html?dl=headlineclick
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The good news just keeps on comin!
SAN DIEGO -- Foreclosures reached a 20-year high in California during the fourth quarter of 2007 as a growing number of homeowners fell behind on their mortgage payments, a real estate research firm said Tuesday.
A total of 31,676 homes ended up in foreclosure during the quarter ended Dec. 31, marking the highest figure since DataQuick Information Systems began keeping such numbers in 1988.
The total represents a 30.8 percent increase from the previous quarter and a 421.2 percent jump from 6,078 foreclosures in the same quarter of 2006, DataQuick said.
In addition, 81,550 default notices were sent to homeowners statewide between October and December, up 12.4 percent from the previous quarter and more than 114 percent in the year-ago quarter, according to DataQuick.
http://www.nbcsandiego.com/money/15112383/detail.html?dl=headlineclick
---
The good news just keeps on comin!