Aug 15 - Stockton Record - CLOSED listing real estate transaction for July 14-20 from information compiled from County records: Total sales: 146; Sellers identified as Banks or REO-type: 67, with 30 different firms selling (top 3: Federal National Mortgage-12; Deutsche Bank-6 and Wells Fargo Bank-6; Federal Home Loan Mortgage-5) New Homes: 2
Focus on Stockton: Total: 73; REO: 41; New: 1
Aug 18 - Washington, AP - "Data on recovery mixed" - reports that the indicators are not consistent. While manufacturing grew in July with the highest boost since July of '09, the outlook for the housing market remains "dim." Home construction representing 80% of the market fell as did new building permit requests.
Aug 18- Washington, AP - "Mortgage summit brainstorms ideas" - Banking executives do not appear to be in agreement on the level of support, but maintain that the government should remain in some "large role in propping up the nearly $11 trillion market."
Aug 21 - Washington, AP - "Nearly 50% leave mortgage aid program" - Nearly half the homeowners who entered the relief program have "fallen out." Analysts express concern about Mortgage Aid, Permanent Help and Foreclosure Flood.
Still quiet on the San Joaquin County home front. So ... is "no news" - "good news?"
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