by countyproperties | Sep 27, 2012 | Finance, Latest News, San Diego Real Estate
The Federal Reserve’s continued purchase of mortgage securities took the 30-year fixed-rate mortgage down to unchartered territory this week.The Freddie Mac survey showed the 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s all-time low...
by countyproperties | Sep 18, 2012 | Finance, Latest News, San Diego Real Estate
Higher-dollar mortgages that typically finance bigger, pricier homes, widely called “jumbo loans,” may be getting easier to obtain.Such loans became popular during the housing boom as home prices soared and lending guidelines were lax. But they petered out...
by countyproperties | Aug 27, 2012 | Latest News, San Diego Real Estate
Existing home sales rose in July, pushing prices up for the fifth straight month, according to the National Association of Realtors. Sales of existing single-family homes, town homes and condos increased 2.3% to an annual rate of 4.47 million properties. It’s...
by countyproperties | Aug 27, 2012 | Latest News, San Diego Real Estate
California is seeing a housing recovery of sorts with the median sales price reaching a four-year high in July and home sales rising 15.3% from last year, the California Association of Realtors said. The month of July brought 529,230 home sales in California, up 2%...
by countyproperties | Aug 16, 2012 | Latest News, San Diego Real Estate
California home prices in July reached their highest level since 2008, according to analytics firm DataQuick. Home sales in the Golden State went for a median price of $281,000 in July, up 11.5% from one year ago and 2.6% from the previous month. July marked the...
by countyproperties | Aug 16, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In the first six months of 2012, the nation saw 385,468 completed loan modifications, a 28% drop from year-ago levels, Hope Now said. Foreclosure starts also declined 15% while completed foreclosures fell 10% from the same six-month period of 2011. Of the homeowners...