Median home price in county drops 8.7% in January
It's the biggest drop in December-to-January median price on record, according to DataQuick Information Systems data, which dates back to January 1988. However, the drop closely reflects the sluggishness of the real estate market during the holidays, experts say. Ref. Source 4
City approves $4 billion in redevelopment spending
The money -- for everything from sidewalks to lids over Interstate 5 but not the proposed Chargers stadium -- would come from future property taxes collected in the city's 17 redevelopment project areas as new developments occur and tax revenues rise. List could be changed and represents no guarantee projects will be built. Ref. Source 3
San Diego puts heat on foreclosed homes
As the local online newspaper reports, the City Council of San Diego has unanimously granted two ordinances that’ll will keep banks accountable for distressed housing units. The recently passed ordinances are aimed to give the city additional tools to property owners liable for vacant properties or abandoned houses, repo homes and require the lenders in [...]
Source: Foreclosure Connections Blog Articles And Foreclosure Information