• Pick up a free list of homes!
• Get pre-qualified for a home loan.
• Ask questions about foreclosures and short sales.
• Discuss agency and disclosure requirements.
• First-time buyers and investors are welcome.

Where is this real estate market going? Today, published in our local newspaper “The Record”

WASHINGTON (AP) Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted.

SAN DIEGO (AP) — A research firm reports mortgage default notices in California are at their lowest levels in three years after a fifth-straight quarterly decline.

***Below is a blog from Realty World Northern California & Nevada***

Foreclosures Likely to Surpass 2009 Levels

Repossessions climbed 38 percent in the first six months of 2010 compared 2009 and were up 5 percent from the first quarter, foreclosure listing service RealtyTrac announced Thursday.

In all, lenders repossessed nearly 528,000 homes in the first six months of the year. If that rate continues through the end of the year, repossessions will likely top 1 million in 2010, up 100,000 from 2009. [Read More]

Are you confused yet? Well I’m not! The real estate market is not getting any better since the government got involved in trying to help certain homeowners with workouts, modifications, short sales and foreclosure delays with the intent of helping troubled borrowers.

The real estate market is not going to recover unless the government allows the market to be free and a lender can enforce the terms of a note secured by a deed of trust. It really is that simple!

Less government, less regulation and less taxes will improve the economy!

Related articles by Zemanta

• Banks repossess homes at record pace: RealtyTrac
• Banks Repossess U.S. Homes at Record Pace
• Foreclosure could claim more than 1 million homes in 2010
• UPDATE 2-US Treasury says June loan modification dropouts up
• Homes lost to foreclosure on track for 1M in 2010
• Homes Lost to Foreclosure Could Top 1 Million in 2010
• Foreclosure Rate: Americans On Pace For 1 MILLION Foreclosures In 2010
• U.S. foreclosure filings rise 8% in first half
• Homes lost to foreclosure on track for 1M in 2010
• Home foreclosures on track to hit 1M in 2010
• Foreclosures fall 5%
• Homes Lost to Foreclosure on Track for 1M in 2010
• Home Reposessions at Record High
• Home construction sinks 5% in June, lowest level in 10 months
• Housing Market Stumbles
• Housing Market Stumbles As Construction Approaches ‘World War II Lows’

2447 East Fremont Street, Stockton CA 95205

Hurry! Just Reduced!

On July 24, 2010 at 11:00 AM, you are invited to an Open House at 2447 E Fremont Street in Stockton. If you are looking for a Single-family property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at RealtyWorldDaveThurman.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Take a Virtual Tour

Number of Homes for Sale vs. Sold vs. Pending

June 2009 there were 1066 homes for sale in Stockton, California in comparison to June 2010 where there was an increase to 1088 homes for sale. The number of homes sold in June 2009 was 612 and in June 2010 the number of homes sold decreased to 456. In June 2009 there were 671 pending sales which decreased to 633 in June 2010.

More graphs and charts from our MLS and TrendVision Reports

Foreclosure Sale!

Weston Ranch is a subdivision located in the southwestern corner of Stockton, California and extends south through an unincorporated portion of San Joaquin County. There are approximately 6,500 homes in the Weston Ranch community. According to the 2000 census, the population of the Weston Ranch community was approximately 30,686.

The Weston Ranch neighborhood, a 15-year-old subdivision of modest tract homes, has the worst foreclosure rate in the United States according to ACORN, a national advocacy group for low and moderate-income families.

Recently, I have been door knocking in the Weston Ranch subdivision looking for new listings. I have been amazed that there are much fewer “For Sale” signs in the area and that obviously the foreclosure crisis appears to be improving. I think many new homeowners have taken advantage of the very distressed prices of the last couple of years in Weston Ranch and now the area is starting to show signs of pride of ownership.

Of course there still are many older homeowners who are up-side-down or have a huge negative equity, but I think finally there is improvement in the Weston Ranch area regarding the hope of increased market values in the future.

In my opinion, the Weston Ranch Stockton prices are at unbelievable low price levels and are a bargain for the first-time home buyer and rental investors.

Number of Homes for Sale vs. Sold vs. Pending

May 2009 there were 1193 homes for sale in Stockton, California in comparison to May 2010 where there was a decrease to 980 homes for sale. The number of homes sold in May 2009 was 531 and in May 2010 the number of homes sold decreased to 378. In May 2009 there were 655 pending sales which decreased to 594 in May 2010.

More graphs and charts from our MLS and TrendVision Reports