The San Diego Real Estate Market - The Impact of Jumbo Financing Changes - 08/28/08 01:56 PM
Jumbo Financing is any financing that goes ABOVE what the "agencies" will buy or insure. This basically includes any loan larger than the FNMA and FHA loan limits. There are currently very few players in this market. These players include GMAC, Chase, BofA, Wells, Citi, and a few others with less … (0 comments)
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Coming Tax Change for Home Sellers? - 08/28/08 01:07 AM
Traditionally, real estate homeownership provided unequaled tax benefits. Now, it seems these tax benefits are about to be lessened somewhat. A portion of the recently passed housing bill is raising some eyebrows and takes effect January 1. Prior to the bill's passage, homeowners could enjoy tax-free capital gains of up to … (0 comments)
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San Diego subprime delinquencies are slowing? - 08/27/08 02:53 PM
The local San Diego 'experts' who are trying to jump on every tidbit of positive real estate news as proof positive that our San Diego real estate market is finally turning, may just have to re-think their recent touting of slowing subprime delinquencies.
Clayton Fixed Income Services, Inc released a report … (0 comments)
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Commercial Real Estate Prices Down11.8% from Peak - 08/27/08 02:46 PM
Moody’s Investor Services released a report showing that their Property Price Indices (CPPI) fell for the fourth straight month in June.The CPPI is down 3.3% from May, 9.6% below June 2007 and 1.8% below its peak in October 2007. *To read the full post, please visit the San Diego real estate … (0 comments)
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San Diego California Medical & Dental Resources - 08/22/08 03:45 PM
It seems that almost ever week I get a call or email asking for San Diego business referrals. So, below I have listed the hyper-links to a number of top San Diego Medical & Dental Resources that may prove helpful:
San Diego cosmetic surgery doctors
San Diego implant dentest
Tijuana dentists
… (0 comments)
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Fannie Mae and Freddie Mac Stock Price Takes a HUGE Drop - 08/22/08 03:25 PM
Fannie Mae and Freddie Mac … Fannie's stock is down 87 percent so far this year, while Freddie has lost 90 percent of its value! As of yesterday, the stock value of these two housing mortgage giants hit the lowest levels in nearly two decades. Fannie Mae and Freddie Mac are … (0 comments)
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S. Ca. Sales Up … Prices Still Falling - 08/21/08 07:38 PM
DataQuick Information Systems just reported that across the six counties of Southern California it was the highest level of sales in almost a year. The median sales price in July was $260,000 in Riverside County and $230,000 in San Bernardino County. Both represent declines of about $10,000 to $15,000 in the … (0 comments)
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Home Equity or Second Mortgage?? - 08/21/08 07:31 PM
Citigroup spent $1 billion advertising it's Live Richly campaign from 2001 to 2006 encouraging Americans to take out home equity loans. Marketing executives knew that "second mortgage" had an unappealing ring. So they seized the idea of "home equity," with its connotations of ownership and fairness. Advertising historians look back at … (0 comments)
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Many homeowners than ever are selling at a loss! - 08/19/08 12:23 PM
The real estate Web site Zillow.com has reported that in the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid. Other interesting facts from this report showed: A. In Merced, Calif., 63% of homes sold during the past 12 months brought … (0 comments)
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Many homeowners than ever are selling at a loss! - 08/19/08 12:22 PM
The real estate Web site Zillow.com has reported that in the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid. Other interesting facts from this report showed: A. In Merced, Calif., 63% of homes sold during the past 12 months brought … (0 comments)
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Home Builders ... 100% Loans to Move Properties - 08/19/08 12:19 PM
A recent report from the Laborers' International Union of North America stated: Homeowners who purchased at newer developments are more likely to have 100%-financed, adjustable-rate mortgages because of builders' efforts to push risky subprime loans. As a result… certain new-home communities are now littered with vacancies created by foreclosures that are … (0 comments)
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Wordpress Secure Pro - protection for any WordPress blog - 08/18/08 01:49 AM
Wordpress is the #1 bloging software. My very popular San Diego real estate blog is a wordpress blog. It's just hard to believe this software is totally free.
My search engine optimization blog is also running on wordpress. If you are also using wordpress, I would highly suggest you look into … (1 comments)
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Former Fed Head … Housing Bottom In Sight! - 08/18/08 01:26 AM
Former Federal Reserve chairman Alan Greenspan said this week "Home prices in the U.S. are likely to start to stabilize or touch bottom sometime in the first half of 2009, prices could continue to drift lower through 2009 and beyond." Let's all hope he is right. But, a quick review of … (0 comments)
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The June Rise in Pending Home Sales - 08/14/08 11:47 PM
The number of existing homes entering the purchase contract stage during June rose 5.3 percent after a downwardly revised decline of 4.9 percent in May. Sounds good at first blush, but, in San Diego and most other housing bubble areas, it is estimated that One-third of all home sales are now … (0 comments)
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125% Increase in San Diego Foreclosures - 08/14/08 12:48 PM
According to a report today from RealtyTrac, an Irvine, Calif., company that tracks foreclosures, apprx. 2,200 homes in San Diego county were seized by banks, while an additional 3,000 homes received notices of default, the first step in the foreclosure process. To read the full post, please visit the San Diego … (0 comments)
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Credit Impact of Real Estate Short Sales & Deeds In Lieu - 08/13/08 08:06 PM
Many San Diego homeowners mistakenly believe that their credit rating will be better off with a short sale vs. a foreclosure. This belief may be seriously flawed.
Short sales, deeds in lieu of foreclosure and foreclosure usually don't minimize the impact on a borrower's credit score. All three proceedings have roughly … (0 comments)
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Is San Diego's Real Estate Market at the Bottom? - 08/11/08 12:06 PM
San Diego real estate market bottom ... This is nowhere near over yet. Of course everyone is still trying to call the bottom. The bottom cannot be reached until the financial players fess up on their balance sheets. Until that happens, if ever, we will continue to muddle along with American … (0 comments)
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Real Estate lawyers - 08/02/08 03:12 PM
Yes, especially in today's real estate market, people should consider getting a legal opinion on any non-standard real estate transaction. This could prove to be good 'insurance' in what for most is their largest purchase. Keep in mind, there are all types of lawyers. So, I would suggest you only seek … (0 comments)
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