ARCHIVED BLOG POSTS

2007 

The central bank cut its federal funds rate from 4.75% to 4.5%. The rate is what banks charge each other for overnight loans and affects everything from auto loans to credit card rates. A few of out prior posts about interest rates were:San Diego Home Values Fall 5.6% & Sales Drop 36.4%,Housing M...
10/31/2007
To date, it’s estimated over 250,000 acres have burned and over 1,200 homes have been damaged or destroyed. Tonight, it looks like the strong Santa Ana wind condition is ending. With much better weather forecasts, additional Federal water dropping aircraft and assets arriving, it is hopeful that ...
10/23/2007
We hope this email finds you, family and friends safe and sound. Please take care of yourself, each other and stay tuned to radio and tv reports for the latest wildfire updates and official information. Here is information from the Surfrider community if you live in an unaffected area there are a...
10/23/2007
  Bob Schwartz | www.brokerforyou.com | 619-286-5604 6330 Genesee Avenue, San Diego, CA University City senior community VALUE! 2 Bdrm Condo Offered on a Value Range $245,000-$275,000 Year Built 1985 Sq Footage 816 Bedrooms 2 Bathrooms 2 full, 0 partial Floors Unspecified Parking 1 Car garage Lot...
10/19/2007
Thinking of selling your San Diego home? Should you sell now or wait? Who really knows? The only thing I can assure my clients of, is I will get them the best possible price, buying or selling for the current market time. Where market is going, is pure speculation With that said, the slow summer ...
10/18/2007
Sure, a small percentage of home buyers, with poor credit, were taken advantage of by unscrupulous loan representatives between 2000 and 2005.  However, in the middle to upper end San Diego neighborhoods in which I work, this is not the problem.   The simple truth is that the problem was GREED!  ...
10/18/2007
For San Diego, the market top was around the summer of 2005. Since than, many neighborhood real estate values have been on a continuing decline. A very important point to keep in mind, is that most published sales data (including chart data below) do not reflect the very prevalent buyer concessio...
10/17/2007
Working mostly as a listing broker, I always receive calls from appraisers who want to confirm the reported MLS sales price, ask about the condition of the property and if the seller gave any buyer concessions.  By concessions, I’m referring to payment of buyers closing/loan costs or adding some ...
10/17/2007
Fed Chief Bernanke said the deepening housing slump will probably keep dragging on economic growth, but he again pledged to "act as needed" to help the financial markets. Also, today Treasury Secretary Henry Paulson warned: "But let me be clear, despite strong economic fundamentals, the housing d...
10/17/2007
In the San Diego California real estate market in 2005 the real estate community and prevaling majority opinion was that all the real estate bubble talk was just that ....talk, based on on unfounded opinion. I guess I could have joined the crowd, but I had seen too many signs of trouble in our lo...
10/15/2007
Rainmaker
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