Real estate news with your Realtor, Jim Frimmer: San Diego County foreclosures fall 30%

RealtyTrac in Irvine, California, reports that foreclosures in San Diego County feel almost 30% from May 2009 and almost 2% from April 2010.

Their foreclosure numbers, however, include default notices, foreclosures, and other actions without defining what those other actions are. Nonetheless, since RealtyTrac is consistent each month in what their numbers include, comparing them month to month and year to year is valid.

I find it interesting that James Saccacio, RealtTrac's CEO, said that "[O]verall foreclosure activitity [is] leveling off while lenders work through the backlog of distressed properties that have built up over the past twenty months."

Although both prices and sales have been increasing, there obviously are still many problems in the real estate industry, but if you have great credit and need a home to live in and raise a family in, with interest rates still at historic lows, the present is a great to buy before those increasing prices put your dream home out of reach.

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If you're looking for a great San Diego Realtor, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

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Try RusselRayPhotos.com for inexpensive, royalty-free photos.

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