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Home price index now equals 2004 levels

by countyproperties | Sep 27, 2012 | Latest News, San Diego Foreclosure news, San Diego Real Estate

U.S. home prices rose 3.7% for the 12-month period ending in July when compared to year earlier levels, the Federal Housing Finance Agency said Tuesday. The index edged up 0.2% from June to July, and June’s reported 0.7% increase was revised down to 0.6%. The...

Housing inventory drops as pending home sales are up in California

by countyproperties | Sep 27, 2012 | Latest News, San Diego Real Estate

Pending home sales in California increased in August from July levels even as inventory levels in the sales pipeline declined over year ago levels. The California Association of Realtors made those assertions this week, noting its pending home sales index rose 2.7%...

Goldman Sachs predicts higher bidding for appreciating homes

by countyproperties | Sep 27, 2012 | Latest News, San Diego Real Estate

The gap between the visible supply of houses and the total housing supply remains such that borrowers may start to compete for well-kept, vacant homes. Goldman Sachs is also warning clients that REO investors are bidding up for shrinking reserves of properties. This...

Mortgage rates dropped to new lows

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...

San Diego County Foreclosure Trends August 2012 Year to Date

by countyproperties | Sep 18, 2012 | Latest News, San Diego Foreclosure news

Foreclosure Filings–Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale.  Foreclosure Outcomes–After the...
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