If Your Home Value Drops ... Just Sue Your Agent! - 02/28/08 02:29 PM
It was reported on January 22, 2008, that a home buyer is suing her agent because she believes she overpaid for her home. The buyer believes her agent did not disclose that similar homes in the neighborhood were selling for less than what she paid. At first blush, such a case … (2 comments)
California Real Estate Exams Drop With Real Estate Market - 02/26/08 12:47 AM
The department of real estate reports that it administered 183,000 broker and salesperson examinations in the fiscal year 2006-2007. This represents a decrease of 28% in salesperson licensees during the fiscal year 2006-07 as compared with 2004-05, and a decrease of 35% as compared with 2005-06. San Diego real estate agents … (2 comments)
Countrywide Forclosures Double - 02/26/08 12:42 AM
Countrywide Financial Corporation foreclosure rates in January 2008 doubled!. The rates of its 9.02 million mortgages rose to 1.48% from the January 2007 rate of 0.77% . To me it looks like 2008 may mark the top in foreclosures and at the same time, build a base in San Diego California housing … (0 comments)
The Steady Rise in San Diego Unemployment - 02/26/08 12:36 AM
San Diego’s unemployment rate continues to be lower than California and the United States as a whole. The bad news is that it’s been on the rise since March. According to the San Diego Workforce Partnership, in March, San Diego’s unemployment was at 4%, the lowest all year, compared to 5.1% … (0 comments)
President To Sign Stimulus Package - 02/08/08 01:23 AM
The Senate passed their version of an economic stimulus package today, Thursday, February 07, 2008. The Senate version expands rebate checks for seniors and disabled veterans and includes the same increases to the conforming loan limits for both GSE and FHA found in the House stimulus package. The House just passed … (0 comments)
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It was reported on January 22, 2008, that a home buyer is suing her agent because she believes she overpaid for her home. The buyer believes her agent did not disclose that similar homes in the neighborhood were selling for less than what she paid. At first blush, such a case … (2 comments)
