ARCHIVED BLOG POSTS

2008 

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today that Home sales increased 117.1 percent in October in California compared with the same period a year ago, while the median price of an existing home fell 39.9 percent. “The year-to-year decline in the statewide median home price was...
11/28/2008
The Standard & Poor's/Case-Shiller U.S. National Home Price Index just released, tumbled a record 16.6% during the quarter from the same period a year ago. Prices are at levels not seen since the first quarter of 2004. The 20-city index fell by 17.4% in September compared with a year ago, the lar...
11/27/2008
The Federal Reserve said it will buy up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. The Fed also will buy $500 billion in mortgage-backed securities, pools of mortgages that are bundled together and sold to investor...
11/27/2008
The National Association of Realtors just released data showing existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.1 percent in October. NAR's chief economist, Mr. Lawrence Yun, said: “Many potential home buyers appear to have withdrawn from the market due ...
11/25/2008
In a report released by MDA DataQuick the median sales price for homes in Southern California fell to $300,000 in October, a level not seen since 2003 and a 41% drop from the peak price set in the spring and summer of 2007. *To view the full post, please visit the San Diego real estate agent blog
11/25/2008
Zillow Real Estate Market Reports just released a report that shows home values in San Diego decreased -14.70% in the third quarter of 2008, compared to the third quarter of 2007. This San Diego value loss was 5% greater than the national home value drop for the same period.                     S...
11/25/2008
The loan limits for FNMA had been at $417,000 going into this year. As part of the "Economic Stimulus Package" the limits were raised based on a formula to a maximum amount of $729,250. The current loan limit under the formula is $697,500 in San Diego County. These loan limits will expire on Janu...
11/22/2008
Whether investing in real estate or the stock market, one should not ignore losses because of an irrational belief in the mantra "I'm investing for the long term.” Smart investors always set stop loss points to limit their downside risk. *To view the full post and chart graphic, please visit the ...
11/20/2008
DataQuick, a San Diego based real estate tracking company released a report showing the median price for homes and condos in San Diego California tumbled to $300,000 last month from $445,000 in October 2007. The good news is that there were 21,532 homes and condos sold in Southern California last...
11/19/2008
Bob Schwartz | www.brokerforyou.com | 619-286-5604 8028 Mission Vista Drive, San Diego, CA San Carlos 3Br/2.5Ba w/Mountain & Canyon Views 3BR/2.5BA Townhouse offered at $405,000 Year Built 1983 Sq Footage 1,538 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking Unspecified Lot Size 3,571 sq...
11/14/2008
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