Lately I have been receiving a high volume of calls from appraisers. Appraiser calls are nothing new. Normally, I receive a handful a month calling to ask questions about properties I have sold or asking for my opinion on a particular property they are trying to value. Now, I am receiving several appraisal calls per [...]
Jul
17
Vineyard Bank And Temecula Valley Bank Fail
Vineyard Bank of Rancho Cucamonga, California and Temecula Valley Bank of Temecula, California have become the 56th and 57th bank failures respectively in the US this year. California Bank & Trust of San Diego, California will assume the deposits of Vineyard Bank and First-Citizens Bank and Trust Company of Raleigh, North Carolina will assume the [...]
Jul
02
The Continuing Downward Spiral
Today’s economic news in not good. Heavy job losses reported for June sent the stock market down. California is about to start issuing IOU’s and state workers have been ordered to take another (3rd) mandatory day off each month (the forced 3 day vacations translate to about a 14% pay reduction). Yesterday’s auto sales figures [...]