san diego real estate: San Diego Real Estate 2011 Forecast - 01/01/11 03:44 AM
San Diego Real Estate 2011 Forecast
I foresee another year of San Diego home value erosion.
The only bright spot in 2010, was the Federal and California state home buyer credits that artificially created and temporally created a modest home value, short lived average price up-tick.
Some of the reason's continued trouble ahead in 2011, are the attitudes formed toward homeownership by first time buyers, the impact of California's own Cap & Tax energy program, past overbuilding of high end homes based on false loan qualification practices, and the large amount of foreclosures banks still have to process. * Read … (1 comments)

san diego real estate: San Diego Real Estate Prices … Have They Hit Bottom? - 09/10/10 05:38 AM
In the just released Case-Shiller home price index, the leading measure of U.S. home prices, San Diego house values rose 0.4 percent in June compared with May, and 11.2 percent compared with June 2009.
This report showed the U.S. National Home Price Index rose 4.4% in the second quarter of 2010, after having fallen 2.8% in the first quarter. Nationally, home prices are 3.6% above their year-earlier levels.
In June, 17 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices and both monthly composites were up; and the two composites and 15 MSAs showed year-over-year gains. *Read the full post … (0 comments)

san diego real estate: San Diego Real Estate Recovery - What Recovery? - 08/20/10 04:55 AM
When is a recovery NOT a recovery?
 
For a no Bull opinion on the San Diego housing market, get a free subscription to the San Diego real estate market blog
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san diego real estate: San Diego Real Estate Market Reversal? - 07/16/10 06:02 PM
In my 7-7-10 my post: San Diego real estate 2010 2nd. Half Outlook … double-dips I said that my local San Diego real estate market observations indicated that we are heading into a double dip for the real estate market.
Here is what Forbes just said: “The final figures for the U.S. housing market's performance thus far in 2010 won't be officially released for several weeks. But a review of the best preliminary data available indicates that the recovery in home values that began in early 2009 has stalled. A second dip is clearly under way in some places, if not … (2 comments)

san diego real estate: San Diego Real Estate ... Has A Double Dip Already Started? - 07/15/10 04:25 AM
San Diego home prices have risen for eleven consecutive months. Most major media outlets in San Diego are proclaiming that our real estate decline bottomed in April 2009.
A recent headline noted San Diego real estate price appreciation outpaced the rest of the nation. Another headline stated that San Diego County house prices rose 11.7% in April 2010, as compared to April 2009. This was proclaimed to be the fastest rate of annual appreciation increase in the nation. Plus, San Diego County home prices have been rebounding for the past year after their 40% decline from the top of the market … (1 comments)

san diego real estate: San Diego Real Estate Outlook - 01/19/10 04:31 AM
San Diego Real Estate 2010 Forecast:
The year of the strategic mortgage default
By Bob Schwartz, CRS,GRI, San Diego real estate broker
It would be easy to write a 2010 real estate forecast by repeating the industry line that “the new year will mark a turnaround for real estate values; those who act fast will be able to get the best buys.” Real world facts, at least in San Diego, seem to indicate otherwise.
San Diego's real estate market will most likely have another down-turn in the year 2010, and there are many reasons why. Many home loans are set to … (2 comments)

san diego real estate: San Diego Real Estate Bottom? - 04/21/09 04:08 AM
San Diego real estate market… I have the idea that many think our economic downturn will last forever, near capitulation point, so all the doom and gloom today, is to be expected.

Even though I'm more optimistic than some, a mid-2009 recovery seems a bit early to me; late '09 or sometime in '10 seems more likely.
In Orange County Calif., housing economist Mark Schniepp said:Home sales sharply higher (to their highest levels since October of 2005). Prices appear to be stabilizing in some areas; overall, prices during February were not off as sharply as they had been. For the … (3 comments)

san diego real estate: San Diego real estate - 2009 - 01/28/09 06:29 AM
Many local mortgage lenders feel that San Diego & Southern California were the prime locations for the adjustable Option ARM loans. Now, just when many believed the mortgage crisis was winding down, San Diego real estate will be facing another major obsticle.
My first post on this problem was San Diego Real Estate … The Coming Next Wave of Foreclosures, published on 7-17-08. It took a little while, but now the major media outlets have picked up on this problem.
 
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san diego real estate: 2009 San Diego Real Estate Recovery?? - 12/31/08 09:50 AM
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 financially and the next crisis coming is credit cards. Go to any FOOD store and people are buying with credit cards. Banks are about to slam that door shut and then people are in trouble. Not to mention unemployment. *To view the full post, please visit the 12-22-08 post on … (0 comments)

san diego real estate: San Diego Home PricesDrop 14.7% - 11/25/08 08:19 AM
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.                     San Diego real estate
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san diego real estate: San Diego 3Br./2.5Ba Sunset/Mountain/Canyon VIEWS - 11/14/08 08:52 AM
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san diego real estate: Head Librarian Or Realtor? - 10/19/08 07:08 AM
If your real estate website has an IDX link, do you provide the full property address to Web surfers? If so, you may be acting more like a librarian than a realtor! Do you really believe Web surfers, the potential clients, who have had in many cases no personal, or even email, contact with you, are going to remember where, let alone who, provided them the address when they believe they are standing in front of their ‘dream’ home? What percent of these people are just going to contact the listing agent whose name appears on the yard sign?
As a … (8 comments)

san diego real estate: San Diego Real Estate Market - 10/06/08 06:30 AM
San Diego real estate is very scarce. Most of San Diego open space is owned by the military/Government/parks. So, San Diego real estate can never really go down much in value. If you don't buy a home in San Diego now, the rising prices will never let you purchase as good a value. Act now! *To view the full post, please visit the San Diego home sales blog
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san diego real estate: San Diego subprime delinquencies are slowing? - 08/27/08 07:53 AM
The local San Diego 'experts' who are trying to jump on every tidbit of positive real estate news as proof positive that our San Diego real estate market is finally turning, may just have to re-think their recent touting of slowing subprime delinquencies.
Clayton Fixed Income Services, Inc released a report showing the percentage of subprime borrowers 60 or more days in arrears at the end of July surged for both the 2006 and 2007 vintages, up nearly 7% and 11% compared to June, respectively. *To read the full post, please visit the San Diego real estate blog - To subscribe … (0 comments)

san diego real estate: Is San Diego's Real Estate Market at the Bottom? - 08/11/08 05:06 AM
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 style socialism. Here's the easy way to tell if the real estate market is correctly priced. *To read the full post, please visit the San Diego real estate blog. Also, we just added a San Diego income property page to our website. Please be sure to check it out at, … (0 comments)

san diego real estate: It's Always A Good Time To Buy Real Estate…right?? - 07/05/08 08:17 AM
In 2005, the media ‘talking heads’ adamantly asserted that a San Diego housing bubble was a myth. In the Spring of 2006 they said the ‘minor correction’ was over and in the Spring of 2007 said it was time to jump on the great home values. *To read the full post, please visit the San Diego real estate blog
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san diego real estate: San Diego real estate Bottom?? - 05/20/08 03:19 AM
George Soros the out-spoken billionaire investor, just came out with a very gloomy assessment of the US and world economies. In an interview with a BBC news editor, Mr. Soros said the "financial bubble" of the last 25 years could be drawing to an end and the post World War II "super-boom" era could also be over. *To view the full post, please visit the San Diego California real estate blog
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san diego real estate: San Diego California Housing Market…Darkest Before the Dawn? - 05/14/08 07:14 AM
A stock market maxium is to buy when everyone else is selling. So, if you are among these people who would love to won their own home? You may wish to consider a San Diego bank owned foreclosured homes as an alternative to newly-constructed houses. You will be able to save much and enjoy instant equity at the same time. *To view the full post, please visit the San Diego California real estate blog
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san diego real estate: U.S. Pending Home Sales Hit New Low - 05/07/08 03:17 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 estate has yet to hit bottom.  As far as San Diego's real estate market goes, the activity (or lack thereof) in resales seems to clearly show that any hope of a real bottom to our local housing market this year is a 100 to one long shot!                   La Jolla real … (0 comments)

san diego real estate: San Diego California real estate market named 9th. worst in U.S. - 04/25/08 08:37 AM
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 market.
Here are the 10 markets where Forbes magazine says the sales opportunities are the most challenging:
*To read the full post, please visit the San Diego California real estate blog 
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