Is the REO inventory starting to change?

by countyproperties | Nov 24, 2011 | Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

The inventory of foreclosures held by private banks dropped for the fourth straight quarter to $50.4 billion worth of properties at Sept. 30, according to the Federal Deposit Insurance Corp.The REO level at the end of the third quarter is down 1.5% from $51.3 billion...

Pending home sales rise in October

by countyproperties | Nov 24, 2011 | Latest News, Real Estate news, San Diego Real Estate

Pending home sales in California rose in October and were up from the previous year for the sixth consecutive month. Additionally, distressed home sales rose in October from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)...

Gradual Recovery for Housing and the Economy Expected in 2012

by countyproperties | Nov 18, 2011 | Finance, Latest News, Real Estate news, San Diego Real Estate

Although the housing market struggled to maintain an even footing in 2011, gradual improvement is expected in 2012 and beyond, according to projections at a residential forum here at the 2011 Realtors® Conference & Expo. Lawrence Yun, chief economist of...

Is it a good idea to sell your home during the winter holidays?

by countyproperties | Nov 18, 2011 | Latest News, San Diego Real Estate, Sellers

We’re getting close to the end of the year, which begs the question of whether it’s worthwhile trying to sell your home now. Is it a waste of time? Will it sit on the market and become shopworn? Should I take my house off the market for the holidays? Will...

Is lease option for a home purchase worth the risk?

by countyproperties | Nov 18, 2011 | Finance, Latest News, Real Estate news

A lease-to-own house purchase (also “rent-to-own purchase” or “lease purchase”) is a lease combined with an option to purchase the property within a specified period, usually three years or less, at an agreed-upon price. Such arrangements have...