brokerforyoucom: 2009 San Diego Real Estate Recovery?? - 12/31/08 05:50 PM
San Diego home values could finally stabilize in 2009. With a huge inventory of available homes and buyers actually having to qualify for a mortgage, there is a better than 50/50 chance the San Diego housing recovery won't occur in 2009 and maybe not in 2010. Most people are totally stressed-out … (0 comments)
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brokerforyoucom: Household Wealth Drops $10 Trillion - 12/23/08 12:54 PM
An economist at Merrill Lynch has issued their The Flow of Funds report that showed household balance sheets shed almost $3 trillion in the third quarter, thanks in large part to a decline in stock prices. That loss, the largest 3-month drop on record, brings the total loss by U.S. households … (0 comments)
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brokerforyoucom: New Home Sales Fall to 18 Year Low - 12/02/08 02:03 AM
The Commerce Department reported today that sales of new homes fell in October to the lowest point in nearly 18 years while the median price of a new home dropped to the lowest level since 2004. *To view the full post, please visit the San Diego real estate market blog.
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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: San Diego ... The Coming Next Wave of Foreclosures or It's Far From Over - 07/29/08 01:34 PM
The first wave of foreclosures occurred due to the re-setting of some "sub-prime" loans. These loans were predominantly the 80/20 loans that were used to assist buyers to obtain property with no down payment. Later in the cycle of the origination of these loans, the documentation requirements were lessened considerably, so … (0 comments)
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brokerforyoucom: Biggest Drop Ever For Home Prices - 07/29/08 01:20 PM
Just released May Standard & Poor’s/Case-Shiller 10-city index plunged 16.9 percent, its biggest decline in its 21-year history.
Las Vegas, Miami, Phoenix, Los Angeles, San Diego, San Francisco, Seattle, Wash., Portland, Ore., and Washington, D.C. — posted record lows in May.*To view the full post and video, please visit the San … (0 comments)
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brokerforyoucom: IndyMac Bank To Be seized By FDIC - 07/15/08 01:49 AM
Worried customers lined up outside IndyMac to withdraw their money this morning. IndyMac was seized by federal investigators on Friday. The Federal Deposit Insurance Corp automatically insures customers with accounts worth $100,000 or less. IndyMac is the fifth U.S. banking company to fail this year, and the largest since the 1980s … (0 comments)
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brokerforyoucom: San Diego High Tech - 07/14/08 03:16 PM
The Scarborough Research study measured the concentration of technology users with a wide range of high-tech habits, and found San Diego to be #4 on the list for most tech-savvy cities. As reported in early May 2008, about ten percent of San Diegans made the cut, ranking above the national average … (0 comments)
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brokerforyoucom: San Diego California --- WATER WISE - 07/14/08 03:12 PM
Sprinklers, hoses, pools – there are many ways to use water outdoors in the summertime. There are also countless and easy ways to conserve it. Following are a few tips for developing good H2O habits: Water your lawn only when necessary. Walk across the lawn; if you leave footprints it is … (0 comments)
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brokerforyoucom: 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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brokerforyoucom: 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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brokerforyoucom: 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)
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brokerforyoucom: 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)
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brokerforyoucom: 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)
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