Boker's Blog

Weekly Financial and Market Update

Week Ending 6/14/2011

“Glass Half Empty” Perspective"

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/12/2011
Jonathan Lansner

“TRENDS ENDING MAY 27^TH ”
Prices Down Over Previous Year
Resale Homes      -3.7%
New Homes         -14.4%
Resale Condos     -8.8%
Resale Homes      -16.6

Median Price $430,000 down from $445,000 a year ago

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/7/2011
Jonathan Lansner

“6.6.PERCENT OF O.C. MORTGAGES ARE LATE”
Late Payments For March     O.C.     CA       US
90+ day delinquency           6.58%   8.74%  7.54%
Foreclosure rate                 2.23%   2.96%  3.57%
REO rate                           0.51%   0.92%  0.67%

“Glass Half Full” Perspective"

LOS ANGELES TIMES BUSINESS ESTATE SECTION 6/8/2011
Don Lee

“BERNANKE PREDICTS STRONGER RECOVERY IS ON THE WAY”
The Fed chief sticks by his assessment that growth is continuing at a moderate pace.

LOS ANGELES TIMES BUSINESS ESTATE SECTION 6/8/2011
Alejandro Lazo

“FEWER HOMEOWNERS HAVE NEGATIVE EQUITY”
The number of those underwater on their mortgages declines by about 200,000 in U.S.

The LA metro area had 365,128 underwater homes, or 23.8 %

Las Vegas led the nation with a 66% negative-equity share