ARCHIVED BLOG POSTS

2008 

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 Apri...
06/28/2008
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...
06/28/2008
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...
06/21/2008
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 developer in...
06/20/2008
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 a...
06/20/2008
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 ...
06/17/2008
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. To view the full post and additional details, ...
06/16/2008
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 Dep...
06/11/2008
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 late husband, Charle...
06/11/2008
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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 month. There...
06/10/2008
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