RECENT BLOG POSTS
Compiled by DataQuick Information Systems & published in the San Diego Union-Tribune. One should keep in mind the above chart is just for a one year period (October 2007 vs. October 2008) and San Diego home values topped out around the Summer of 2005! Lastly, I would note that these figures do n...
12/03/2008
Will 2009 be the bottom to the San Diego real estate market bust? Can all the Government bailouts prevent deflation and or depression? Agree or disagree, the video below is worth a look. *To view the video, please visit the San Diego CA real estate market blog.   Useful San Diego real estate link...
12/02/2008
The Commerce Department reported today that sales of new homes fell in October to the lowest point in nearly 18 years while the median price of a new home dropped to the lowest level since 2004. *To view the full post, please visit the San Diego real estate market blog. Useful San Diego real esta...
12/01/2008
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 Lawrence Yun, said: “Many potential home buyers appear to have withdrawn from the market due ...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
Rainmaker
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