Home Prices … Sharpest Rate Drop in Two Decades - 05/28/08 08:40 AM
U.S. home prices dropped at the sharpest rate in two decades during the first quarter, the Standard & Poor's/Case-Shiller national index showed Tuesday, a somber indication that the housing slump continues to deepen. Prices tumbled more than 14 percent during the quarter and are at levels not seen since the third … (0 comments)
|
San Diego real estate Bottom?? - 05/20/08 10:19 AM
George Soros the out-spoken billionaire investor, just came out with a very gloomy assessment of the US and world economies. In an interview with a BBC news editor, Mr. Soros said the "financial bubble" of the last 25 years could be drawing to an end and the post World War II … (0 comments)
|
CA Lenders Took Back 22,324 Properties In April - 05/16/08 04:08 PM
Lenders added 22,324 properties to their real estate owned or “REO” inventory in April. Last month DataQuick reported that 38.4% of all home sales in California were from this REO inventory, equaling approximately9,432 properties. Based on those levels, lenders are increasing REO inventories 1.36 times faster than they areable to resell … (0 comments)
|
40-50% Discounts For California Foreclosure Auction Sales - 05/16/08 04:05 PM
From a recent report by ForeclosureRadar it was show that: In April, it took California lenders an average of 140 days from Notice of Default to the property being sold at auction. Average discounts at auction were 25%, but nearly half of all properties taken to auction offered discounts of 30% … (0 comments)
|
CALIFORNIA FORECLOSURE SALES TOP 1,000 PER DAY - 05/15/08 09:47 AM
April foreclosure numbers were up in all categories. Average daily auction sales exceeded 1,000 properties a day for the first time in California’s history as reported by ForeclosureRadar. The report also showed:: * Notices of Default – the filings for the first step in California’s foreclosure process increased only slightly to … (0 comments)
|
Fed Head Comments on Home Foreclosures - 05/14/08 06:51 PM
Last week, Ben Bernanke, chairman of the Federal Reserve, said "Realistic public- and private-sector policies must take into account the fact that traditional foreclosure avoidance strategies may not always work well in the current environment." The Chairman's comments came as foreclosure filings of all kinds -were up 112% during the first … (0 comments)
|
San Diego California Housing Market…Darkest Before the Dawn? - 05/14/08 02:14 PM
A stock market maxium is to buy when everyone else is selling. So, if you are among these people who would love to won their own home? You may wish to consider a San Diego bank owned foreclosured homes as an alternative to newly-constructed houses. You will be able to save … (0 comments)
|
Housing Bust Expanding to More Cities - 05/13/08 09:50 AM
CNNMoney reports that a number of cities that have held up as good housing markets in the midst of a national crisis have recently succumbed to the general trend. Lately Charlotte, NC, Seattle, Portland, Ore., and Salt Lake City have all registered declines even though they had posted pricing gains during … (0 comments)
|
The Truth From a Mortgage Lender - 05/12/08 10:16 AM
“We are experiencing home price depreciation almost like never before, with the exception of the Great Depression.” -Angelo R. Mozilo, Countrywide Financial Corp. Chief Executive For current real estate market trends, be sure to visit the San Diego County real estate blog.
To search the entire San Diego MLS homes for … (0 comments)
|
Nation’s Mortgage Lender Records Loss of $2.2 BILLION - 05/12/08 10:11 AM
Fannie Mae reported a net loss of $2.2 billion, or $2.57 per share, for the first three months of 2008, vs. a profit of $961 million, or 85% per share, a year ago, on a 38.2% rise in revenue, to $3.78 billion. Fannie also recorded a $1.1 billion charge in the … (0 comments)
|
U.S. Pending Home Sales Hit New Low - 05/07/08 10:17 AM
The National Association of Realtors just released a report on monthly pending home sales for existing homes. In March this index hit a new low. The NAR also downwardly revised February index readings. With March starting the usually strong Spring selling season, the pending sales drop clearly shows that the real … (0 comments)
|
Foreclosures Affect 1 out of 194 Homes - 05/06/08 10:31 AM
This year, over 155,000 families have lost their homes to foreclosures and within the first three months of 2008. According to CNN, the states that have been the most greatly affected are in the Southwest, with Nevada, California, and Arizona at the top of the list for foreclosure filings. The outlook … (0 comments)
|
#1 Rule For Getting a Home Mortgage - 05/05/08 09:16 AM
Mortgage lenders have tightened standards recently. But consumers still have the potential to get approved for a bigger home loan than they can afford. A general rule of thumb is that no more than 28% of gross monthly income should go toward house-related debt (including taxes and insurance). Besides first … (0 comments)
|
San Diego Falling Home Values May Mean Less Property Taxes - 05/01/08 01:47 PM
SAN DIEGO PROPERTY TAX RELIEF - Property owners who believe their property's market value has fallen below it's accessed value should file an Application for Review of Assessment no later than May 30, 2008. *To read the full post, please visit the San Diego County California real estate blog … (0 comments)
|
;)
Links;)
Archives
