Realtors for Ventura | Oxnard | Camarillo

Lenders are looking for ways to way to minimize risk and fraud and ordering that pizza might make the difference in getting that loan!

Data mining companies are used by lenders to gather different types of information on the borrower. One type of data collected is address verification to compare where you have your pizza delivered to see that it matches the address on your loan application!

These companies gather the available information from different sources and avenues to glean snap shots of a borrowers credit-worthiness. A lender once told me that he looks for 2 things when considering lending to a borrower – not only their ability to pay, but their willingness to pay.

Read more detail in the LA Times…

A new feature we now provide, along with all the housing stats, are foreclosure stats for Ventura County in two time categories:

1. The last 12 months
2. Per quarter since 2005

The trends are covered for the three foreclosure reports – Notice of Default (NOD), Notice of Trustee Sales (NTS) and Trustee Deeds (REO).

You’ll be amazed to see on the year to end and quarterly charts the dramatic changes and sometimes violent activity!

Data is used with permission from Foreclosure List Service.

Interest rates are at an all time low of 4.57% for a 30 year, fixed rate loan according to a recent survey by Freddie Mac.

But now there is much speculation if this fabulous interest rate will keep the housing market at the fever pitch it was prior to the April 30th deadline for first time homebuyers to enter into escrow to receive the $8,000 federal tax credit.

Check out for yourself the chart that Don Nelson Team compiled for the  number of homes sold in the past 12 months for Ventura, Oxnard and Camarillo. Which city do you think hiccuped but has now rebounded to fever pitch?

Our monthly and quarterly charts of single family homes and condos that have sold for Ventura, Oxnard and Camarillo are just a click away! This month, we’ve enhanced a feature showing the number of single family homes sold per quarter. For those of you who must have the raw stats, follow below… The graphs are in Adobe pdf format.

Here are the links for the charts of  sold prices for  single family homes and condos:

• Quarterly graph – single family homes sold prices in Ventura, Oxnard, Camarillo.
• 12 month graph – single family homes sold prices in Ventura, Oxnard, Camarillo.
• Quarterly graph – condos sold prices in Ventura, Oxnard, Camarillo.
• 12 month graph – condos sold prices in Ventura, Oxnard, Camarillo.

Here is the chart for the numbers sold per quarter for single family homes:

Quarterly graph – single family homes, numbers sold in Ventura, Oxnard, Camarillo.

Detailed statistics for single family homes in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for condos in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for pendings (single family homes and condos in escrow):

• Ventura
• Oxnard
• Camarillo

At the beginning of each month, we take a snapshot to see how many homes are on the market for sale. As expected, the Ventura, Oxnard and Camarillo homes for sale inventory jumped. Why? The rush by first time buyers to get in on the Fed’s $8,000 credit sucked buyers from the late spring/early summer buying period when (historically) more homes come on the market for sale.  BUT – looking at June’s sale numbers, our area remained relatively constant and strong compared to a 30% drop nationally last month. Here are the inventory numbers.