See No Evil Seeking Alpha has a bubble tracker and round up. Remarkably people who have a vested interest in saying things are GREAT continue to do so. Here's a great one from Idaho, ""Sales of single-family homes in the Treasure Valley in January were off 27% from Jan. 2006," yet according to Don Hubble of Hubble Homes, "We're optimistc." Talk about cognative dissonance.

Here's another report - this time in California in the Central Valley with an expert saying the housing bubble has adjusted

"The foreclosure market in California and the nation in 2007 may not be quite as intense as it was last year but many home buyers who used creative financing to get into their homes are still in danger of foreclosure, says Serdar Bankaci, founder and president of Default Research Inc. of Mt. Pleasant, Pa."

Look at that lead... "may not be quite as intense"? Based on what data? Let's take a t the actual data. Here's a great post at the OC Register
"RealtyTrac from Irvine reports ....

"California’s foreclosure total of 14,430 was the nation’s second highest and represented a 14 percent increase from the previous month. The state’s foreclosure rate of one new foreclosure filing for every 846 households registered slightly above the national average and 14th highest among the states."

So instead of cooling down - the foreclosure rate is actaully INCREASING in California.

Labels: CA, California, Foreclosure, Mortgage, rateinJanuary

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Exclusive Luncheon for Loan Officers & Mortgage Planners! Exclusive Luncheon for Loan Officers & Mortgage Planners!
Join us for a FREE Educational LUNCHEON

Your customers have many choices...learn how to stand out in the crowd!

You're invited to join other top industry professionals at our FREE LUNCHEON at MALLARDS Restaurant. You are welcome to invite fellow professionals or co-workers to attend with you, but this event is reserved for mortgage industry professionals only.

We'll talk about our views on the current market and what you can do to skyrocket your sales in today's competitive environment. You'll learn how to differentiate yourself and add value for your customers where it matters most! An RSVP is required as we will be serving a delicious meal so call (800) 586-4604 today to guarantee your seat!

There are two dates to choose from so take your pick!

February 12th or 16th
11:30 am - 1:30 pm
Mallards Restaurant
3409 Brookside Road
Stockton, CA 95219

Some of the Exciting Topics We'll Discuss:

* How to DIFFERENTIATE yourself in a competitive market and
add value where it matters most!
* The ONE fundamental mistake made by most households
when making money decisions.
* How to UNDERSTAND average rates of return: Why what you
are shown is not typically what you get!
* How MONEY is really intended to work.
* How to realize MULTIPLE RATES of return on your money.
* How to TEACH your clients these financial concepts and more!


Join us to learn some of the latest financial strategies! There will be no products sold or even offered for sale at this 100% educational event. Our luncheon is simply an informational opportunity for you to learn cutting-edge strategies that will help you grow both professionally and personally.

At Verdeo, our mission is to continually seek ways to maximize people's full wealth potential by creating the highest efficiency on every dollar at work, while creating a quality of life that exceeds their expectations. If you are a Mortgage Professional looking to add value to your client relationships and position yourself as one of their Trusted Advisors, then we encourage you to join us for an informational workshop that will surely make a difference in your career.

February 12th or 16th
11:30 am - 1:30 pm
Mallards Restaurant
3409 Brookside Road
Stockton, CA 95219

To RSVP, call (800) 586-4604 today!  ¶ Exclusive Luncheon for Loan Officers & Mortgage Planners! 0 Comments