ARCHIVED BLOG POSTS

2008 

You can own a cozy 103-room English country home, with a panic room, marble driveways and helipads for $138 million – a property that tops the 2007 Forbes annual list of the world’s priciest homes for sale. Updown Court in Windlesham, Surrey, has 58 acres of gardens and woodlands, five pools, 22 ...
04/30/2008
It was reported today that for the first quarter of 2008, California had the most properties facing foreclosure at 169,831, an increase of 213% from a year ago. California also had the second-highest foreclosure rate in the country, with one in every 78 households receiving a foreclosure-related ...
04/30/2008
Irvine, Calif.-based RealtyTrac Inc. which monitors default notices, auction sale notices and bank repossessions reported today that nationwide the number of homes moving toward foreclosure more than doubled in the first quarter from a year ago. The report showed a total of 649,917 homes received...
04/29/2008
According to government data released thios week, Claims on Federal Housing Administration mortgage insurance rose by 61 percent last year, compared to what it was five years ago. These pay offs allowed more than six in 10 home owners who defaulted on FHA-insured loans to stay in their homes, up ...
04/26/2008
Most San Diego homeowners think they have it really bad when it comes to the current real estate market. It seems the majority of the real estate sales today here in San Diego are bank foreclosures. It's not much comfort, but there are eight other cities that have a more challenging real estate m...
04/25/2008
Think about this …the actions of home mortgage lenders are directly attributable to the policies of the Fed: when credit is cheap, why not loan money more recklessly to individuals who normally would not qualify? *To view the full post, please visit the San Diego real estate blog. Also, at our Sa...
04/23/2008
Today, The National Association of Realtors said sales of existing single-family homes and condominiums dropped by 2 percent in March. This drop marked the seventh consecutive year-over-year drop in prices, although the March sales price was up slightly from a February. Three regions across the n...
04/22/2008
Foreclosures are driving price declines.  Riverside/San Bernardino was most affected.  Fifty-six percent of homes sold in Riverside County in March were foreclosures, which caused the area’s median price to drop 27 percent to $306,250.  San Bernardino’s median price fell 28 percent to $265,000. *...
04/18/2008
DataQuick Information Services of La Jolla just released a report that showed San Diego's home sales dropped again for the 7th. month in a row. The San Diego March home sales fell 34.5%. Over the past 20 years Southland sales have risen by an average of 38 percent between February and March. Last...
04/16/2008
 The real estate data firm RealtyTrac just released a report showing real estate home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago. RealtyTrac said the foreclosure peak has yet to be reached. The vice preside...
04/15/2008
Rainmaker
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