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Latitude, Inc. March News
 It's March already and Spring is just around the corner. We have decided to start sending out a monthly newsletter rather than the regular quarterly newsletter only. Your email inbox will now receive more recent news, more often. As always, please do not hesitate to call or email us with any of your real estate needs or concerns, and we will try to keep you up to date with market news and insights.
*Don't forget to set your clocks forward an hour on March 14th at 2am.
-Carly Barnes, marketing
Follow Rick Longpre on his blog ... and link up with him on LinkedIn!
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Foreclosing
on 2009
by Selma Lewis, Research Economist At the end of 2009, foreclosures were definitely "in the news." And for
good reason. The number of foreclosures rose from 1.8 million at the
end of 2008 to about 2.5 million at the end of 2009. According to
RealtyTrac, at the end of 2009, there was a total of 2,824,674
properties involved in foreclosure filings; that total includes default
notices, scheduled foreclosure auctions and bank repossessions. This
means that 2.21 percent of all U.S. housing units - one in 45 -
received at least one foreclosure filing during 2009. That is up from
1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006. Read more...
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 Leading Indicators Advance for the Ninth Straight Month, Signaling Economic Stabilization in 2010
- la report by Marcus & Millichaps
The index of leading economic indicators again signaled an economic recovery, rising 1.1 percent in December, following the upwardly revised 1 percent advance in November. The Conference Board release measuring stock prices, consumer expectations and initial jobless claims, among other indicators, has risen in each of the past nine months, proving that the worst of the Great Recession has passed and the economy will stabilize this year. Read more...
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Property Pricing Increases for Second Straight Month
-cre news
In a sign that the period of large monthly price declines may finally
be over, commercial property pricing in December increased for the
second consecutive month, according to the Moody's/Real Commercial
Property Price Indices, or CPPI.
The 4.1% hike to 113.58 follows
a 1% gain in November that was the first monthly increase since
December 2008 in the indices' all-property component. CPPI is a
collaboration of Moody's Investors Service and Real Estate Analytics
and tracks repeat sales of properties. December's increase also is the
largest monthly gain ever recorded by the index. Read more....
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 Latitude, Inc. Current Featured Opportunities
Latitude is pleased to highlight
some beautiful listings!
325 Chapala Street - Downtown office for SUBLEASE more info335 N. Milpas - Retail/Office/Industrial for SUBLEASE more info4785 El Carro Lane - 4BR/2BA Single family home for SALE more info
57 San Mateo - 3br/2ba Single family home for SALE - PENDING
38 S. La Cumbre - Dental/ Med/ Prof Office for LEASE more info
597 Avenue of the Flags - Retail/Office in Buellton - more info
28 E. Canon Perdido - Downtown offices for Lease- LEASED
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January California Foreclosure Report
FORECLOSURE ACTIVITY BACK UP AS STALEMATE
CONTINUES
Despite apparent declines
daily foreclosure activity is up on all fronts
Download the full report here
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JUST SOLD
We
are pleased to announce the SALE of the commercially-zoned lot for sale one
block off of Hollister Avenue at 5750 Dawson Avenue in Goleta, CA. Jim Turner
represented both the Buyer and the Seller in the transaction.
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Latitude, Inc. is a full service commercial real estate company, headquartered in Santa Barbara, on California's Central Coast. While its brokerage and development services are focused on California's Central Coast, Latitude's management and investment expertise have expanded its geographical reach with experience throughout the Western United States.
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