RECENT BLOG POSTS
This use of language where a leader states that he/she must “destroy or limit” something in order to perserve it is yet another disturbing global trend. Bush: “I’ve abandoned free market principles to save the free market system” To view the video, please see the 12-19-08 post at the San Diego re...
12/31/2008
MDA DataQuick just reported median price of all homes sold fell nearly 6 percent from October to November, dipping to a 6-1/2 year low to $305,000. Since November 2007, the median price of all homes sold was off more than 30 percent. Plus, the median price was off more than 41 percent from the ma...
12/31/2008
The Federal Reserve cut its target for the federal funds rate, which is what banks charge each other for overnight loans. This key short-term interest rate is now at a record low range of zero to 0.25%, from the previous 1%.  La Jolla bank owned real estate
12/29/2008
In San Diego, one major mortgage lender's new FHA loan originations went from approximately 2% to approximately 60% of new loans! The low down payment (apprx. 3%) and relative availability of FHA home loans are helping to drive hoards of borrowers to the FHA. Many new homeowners with the most ris...
12/29/2008
An economist at Merrill Lynch has issued their The Flow of Funds report that showed household balance sheets shed almost $3 trillion in the third quarter, thanks in large part to a decline in stock prices. That loss, the largest 3-month drop on record, brings the total loss by U.S. households in ...
12/23/2008
This is a must watch video, with a lot of solid points. This real estate bust is NOT fair! Already the California legislature is considering a four month moratorium on foreclosures. In July, a new California law requiring lenders to try a number of times to contact homeowners prior to filing a no...
12/10/2008
Interesting video on From the Wall Street Journal on line … Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires' Simon Constable why the New Deal didn't work in the 1930s and why Nobel laureate Paul Krugman is wrong to think a similar stimulus will wor...
12/09/2008
According to a report by the Joint Center for housing Studies at Harvard University, approximately 31 million U.S. homeowners spend less than $1,000 each year on home improvement and maintenance. That figure, in many cases, is sufficient for maintaining the current condition of a home, the Center...
12/07/2008
Separate bedrooms for couples are an emerging trend in home design, according to a study released in February by the National Association of Home Builders. The study predicts that by 2015, 60 percent of custom-built upscale homes will have two master bedroom suites. For couples experiencing sleep...
12/06/2008
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Amid rising foreclosures and a tough housing market, renting is getting more positive attention. According to a survey by Harris Interactive, 65 percent of homeowners surveyed said they look more favorably upon renting than owning, given the current state of the residential real estate market. *T...
12/05/2008
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