Home Prices Roll Back to 2004 - 06/28/08 11:52 AM
The Standard & Poor's/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago, according to Tuesday's report. Prices nationwide are at levels not seen since August 2004.
The Standard & Poor's/Case-Shiller narrower 10-city index also declined 16.3 percent in April, its biggest decline in … (0 comments)
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CA eal Estate Licensees Decline - 06/28/08 11:48 AM
Recent information released by the California real estate department showed a huge drop in the number of people taking the state examination. In January 2000, the total licensee population stood at 303,000. In the next seven years, the licensee population grew every single month before peaking in December 2007 at 548,959. … (0 comments)
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Housing Starts Fall To 17 Year Lows - Good News? - 06/21/08 08:27 AM
The U.S. Census Bureau and Department of Housing and Urban Development released a report showing the rate of May housing starts dropped to the lowest level in 17 years! Single-family housing starts dropped to a seasonally adjusted annual rate of 975,000 in May.
The good news is that it seems that … (0 comments)
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Real Estate Blogger Sued - 06/21/08 01:16 AM
Real estate agents are always supposed to say positive things, like "It's always a good time to buy real estate." Go against the conventional wisdom and you could end up with a hefty lawsuit. One Miami real estate agent blogger found this out when he said something mean about a condo … (0 comments)
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FHA To Bail Out Homeowners - 06/21/08 01:12 AM
According to reliable sources, House and Senate banking committee leaders are close to an agreement on a landmark housing bill on which the Senate might vote on this week. This legislative package would, in part, authorize the Federal Housing Administration (FHA) to refinance 400,000 to 500,000 at-risk loans to prevent additional … (0 comments)
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Real Estate Homes Sales - 25%+ Are Distress Sales - 06/17/08 09:56 AM
Nationwide, one out of every four sales between January and March was a distressed sale, and that figure jumps to more than 50 percent in the hardest-hit areas like Las Vegas, Detroit and distant suburbs of Los Angeles, according to Moody’s Economy.com.
As foreclosed properties pile up, they add to the … (0 comments)
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San Diego California May Home Prices Take A Huge Drop - 06/16/08 07:48 PM
San Diego median home prices took a huge drop of 22.8% in May according to a report released today by DataQuick of La Jolla CA. Also, home sales in San Diego were off by 12% vs. May 2007. Keep in mind, last year was also a very slow real estate year. … (0 comments)
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Jobless rates Move To 22 year High - 06/11/08 09:30 AM
The U.S. unemployment rate jumped by the most in 22 years in May, reaching its highest level in more than 3-1/2 years and underscoring the recessionary risk the economy still faces. The jobless rate rose to 5.5 percent last month from 5 percent, its highest level since October 2004, the Labor … (0 comments)
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SDSU Receives Huge Donation - 06/11/08 09:26 AM
School of Accountancy to be Named for Former Dean A $10 million gift by the wife of a former dean will result in the first named school in the 111-year history of San Diego State University. Among the largest donations ever made to SDSU, the gift by Gertrude Lamden honors her … (0 comments)
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No Recession? - 06/10/08 09:38 AM
The economy grew at a pace of just under 1.0% in the first quarter of this year. While this is not a cause for celebration, it is growth and the very definition of recession requires that the economy is contracting instead of expanding. Even consumer spending grew an anemic 0.2% last … (0 comments)
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Real Estate Market -- Suze Orman On The Housing Crisis - 06/10/08 09:34 AM
Acclaimed financial expert, Suze Orman, gives her take on the housing crisis in a CNN interview with Eric Schurenberg. Orman answers the questions of "How did we get here?" and "How do we get out?"
Watch Video
To stay current on the San Diego real estate market, view the San … (0 comments)
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FHA Program Help Over 200,000 Homeowners - 06/07/08 02:21 PM
FHASecure has helped 200,000 homeowners to avoid foreclosure by refinancing their mortgages through HUD’s Federal Housing Administration. In just the past three months, the effects of FHASecure were significant, as it insured twice as many loans during this time as it did in the first three months of the program. *To … (0 comments)
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Proposed Goverment Financing Changes - 06/06/08 07:51 AM
Six major changes have been proposed to help stabilize the housing and home financing market. These changes include: 1. The elimination of the "declining market" designation which forced lenders to reduce maximum financing by 5% in many markets (San Diego County included). Some individual lenders and investors will continue to use … (0 comments)
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New Home Sale Move Higher - 06/06/08 07:46 AM
The month of April had a 3.3% increase in new home sales over March, according to the Cencus Bureau. The rise is unexpected, especially coming after continued reports of home sales dipping to record lows. While this bit of positive news is encouraging, overall home sales are still at a record … (0 comments)
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NAR Antitrust Settlement - 06/06/08 01:52 AM
The federal antitrust lawsuit, which alledged the National Association of Realtors policies unethically restricted competition and consumer choice, finally came to a proposed settlement this week. The proposed change set forth by NAR would change it's existing heavy online listings restrictions. *To view the full post, please visit the San Diego … (0 comments)
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183,000 Homeowners Get Help To Stay In Their Homes - 06/03/08 01:35 AM
183,000 at-risk homeowners got to stay in their homes this April, thanks to Hope Now, a coalition of mortgage lenders, servicers, investors, and community members who have banded together to help prevent foreclosures. Although foreclosures are still rising (up 65% from this month last year, according to online marketer, RealtyTrac), the … (0 comments)
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