Tag Archives: home buyers in San Diego county

Fewer foreclosures in San Diego county

Foreclosure investors face slimmer pickings

Home buyers, particularly investors, in San Diego County have fewer foreclosed homes to choose from these days.

Properties that were foreclosed upon in the past year and resold in San Diego County made up 20 percent of total home resales in June, matching the recorded low in September 2007, DataQuick stats show. Their share of the resale market was 21.3 percent in May, 28.5 percent a year ago and had peaked at 55 percent three-and-a-half years ago. In other words, bank-owned resales are making up a smaller share of the total market as time passes…

Read the rest of this article by U~T San Diego here: “Foreclosure investors face slimmer pickings”.