San Diego California Condominium Value Declines - 11/26/07 09:32 PM
Brokerforyou looked at seven areas in San Diego (Chula Vista, Downtown,
Fashion Valley, La Mesa, Mission Valley, Pacific Beach, and San Carlos) to
provide a more accurate sales trend. Keep in mind that we are still in the
process of checking on seller concessions for the 2007 sales prices. … (2 comments)
California Home for $1.00? - 11/19/07 12:41 AM
In order to make way for a new lavish beach front hotel, the city of Oceanside will accept $1 from anyone who will remove the house still sitting on the proposed property. The 100-year-old Rorick/Reid House is located on 106 N. Pacific St and the buyer need only pay one dollar. … (5 comments)
Home remodeling ... a money loser? - 11/19/07 12:35 AM
Are most home remodeling cost really recovered on sale? Folks will take their home’s purchase price, add the cost of all their home improvements and then compare this sum to their home’s sale price or current value. Oftentimes, it appears that building the new bathroom and putting in the new kitchen … (0 comments)
3 Things You Should Know if Facing Foreclose - 11/19/07 12:32 AM
This is one of those possible life changing decisions that should only be made after consolations with both your legal and tax advisors. #1. Talk to your lender. Depending on your lender, you may be able to restructure your mortgage if you’re late in making monthly payments. The delinquent mortgage … (0 comments)
New Lending Policies - 11/13/07 01:20 AM
The Fed's survey, which was conducted in early October, found that 41 percent of banks responding said they had tightened loan standards either "considerably" or "somewhat" for prime residential mortgages, or loans offered to borrowers with solid credit histories. * To read the full post please visit the San Diego real … (0 comments)
Recession in 2008? - 11/13/07 01:17 AM
Lehman Brothers now says there is a 30% chance the U.S. economy falls into recession in 2008, and Malvey added the risks may be growing. With the massive collapse of the Bear Stearns hedge fund and the writedowns banks are taking, the turmoil in the financial sector has the potential to … (0 comments)
San Diego real estate - Facts on loan qualifying in higher priced markets - 11/04/07 08:15 AM
I'll detail here what I think is going to be one of the most significant issues affecting the San Diego market. This is the issue of the tighter mortgage qualifying guidelines on prices. This will be an issue in two different ways. 1) The issue will impact the number of … (5 comments)
California’s third-quarter foreclosure almost quadruples - What, still say no housing bubble? - 11/01/07 09:21 PM
RealtyTrac®, the leading online marketplace for foreclosure properties, today released its Q3 2007 U.S. Foreclosure Market Report. California’s third-quarter foreclosure rate was up 36 percent from the previous quarter and nearly quadruple the number reported in the third quarter of 2006! California’s third-quarter foreclosure rate of one foreclosure filing for every … (3 comments)
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