Thursday, April 15, 2010

Foreclosure activity up in first quarter

Realtytrac.com reports that foreclosure activity is up in the first quarter of 2010, increasing 7% over the same quarter of 2009.

The Realtytrac.com website reports that "... its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter."

The top ten states for foreclosure filings in the first quarter are (in order): Nevada, Arizona, Florida, California, Utah, Michigan, Georgia, Idaho, Illinois, and Colorado.

An interesting report. You can read it online here: Realtytrac press release on first quarter 2010 foreclosures

Tuesday, April 06, 2010

National Home Sales Promising

The National Association of Realtors® (NAR) reports that pending home sales for the month of February were up.

According to the NAR, "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2."

A sign of a busy real estate market this spring? Possibly. In our opinion, favorable home prices, low interest rates and government tax credits are certainly encouraging buyers to consider buying this year.

To read more: NAR press release

Monday, April 05, 2010

Second Installment Property Taxes Due

It's tax time - including property taxes!

The second installment of the annual property taxes is due on February 1st, and will be accepted without penalty, if payment is received or postmarked on or before April 10, 2010. Since April 10 falls on a Saturday, the deadline is 5 pm on the next business day, or April 12, 2010. After then, the 2nd installment becomes delinquent and is subject to a late payment penalty and cost(fee).

For more information including payment options, obtaining a copy of your tax bill:

Los Angeles County Property Tax Website

Ventura County Tax Collector

Orange County Treasurer Tax Collector

San Diego County Treasurer Tax Collector

San Bernardino County Treasurer Tax Collector

Santa Barbara County Treasurer Tax Collector

California State Board of Equalization - Property Tax