by countyproperties | Jan 7, 2012 | Finance, Latest News, Real Estate news, San Diego Foreclosure news, San Diego Investment Properties, San Diego Real Estate, San Diego Short Sales
Just as in 2011, in 2012 many will be trying to figure out where housing is headed. While the housing market didn’t worsen in 2011, it also didn’t stabilize either. This year, the story will be about local markets. While many housing markets rose and fell...
by countyproperties | Jan 7, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Short Sales, Short Sales
Mortgage finance firm Freddie Mac will give unemployed borrowers a break on their mortgage for up to one year. “These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them...
by countyproperties | Jan 7, 2012 | Finance, Latest News
As broker of County Properties I thought this was an interesting article that sheds some realty away from the mainstream of properganda and politicalnews on this subject of what went wrong with the housing and market crash. Article by Joe Nocera In their heyday, these...
by countyproperties | Jan 7, 2012 | Latest News, loan modification, Short Sales
The Home Affordable Modification Program expires at the end of 2012 and the Treasury Department is not ruling out guideline changes before then. The program launched in March 2009 to pay mortgage servicers for modifying loans on the verge of foreclosure. The Treasury...
by countyproperties | Jan 7, 2012 | Finance, Latest News
Nonfarm payroll employment rose in December and the nation’s unemployment rate fell to 8.5%, which is the lowest rate in nearly three years. The Labor Department said the economy added 200,000 jobs last month with modest growth in transportation and warehousing,...
by countyproperties | Jan 7, 2012 | Finance, Latest News, San Diego Investment Properties
Investors see commercial real estate as a good bet Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category. As 2011 came to a close,...
by countyproperties | Jan 7, 2012 | Latest News, San Diego Investment Properties
Despite projections showing increased demand for apartments will spur multifamily growth in 2012, analysts viewing December data on commercial mortgage-backed securities say multifamily loans are the worst performing mortgages. CMBS analytics firm Trepp said the...
by countyproperties | Jan 7, 2012 | Going Green
When the new year arrives, promises and resolutions abound, but few include home improvement. Here are resolutions every homeowner should make. Cut energy use: Sealing and insulating ductwork can improve the efficiency of a heating and cooling system by as much as 20...
by countyproperties | Dec 30, 2011 | Latest News
San Diego International Auto Show Dec. 29-Jan. 1 One of Southern California’s premier automotive events. At the 2012 show, more than 400 new-model vehicles, alternative fuel vehicles, exotics, crossovers, classics, and even Hollywood’s iconic cars will...
by countyproperties | Dec 30, 2011 | Latest News
Consumer confidence jumped nearly 10 points to a December reading of 64.5, according to the The Conference Board survey. The monthly index rose from 55.2 in November, marking the second month of increases after six months of declines. The December consumer confidence...
by countyproperties | Dec 30, 2011 | Finance, Latest News, Real Estate news
More than 2.6 million households are at least 60 days delinquent on their mortgage payments, according to the nonprofit coalition Hope Now. While those who are delinquent 60-120 days can make back payments to help them become current, those who are more than two...
by countyproperties | Dec 30, 2011 | Finance, Latest News, Real Estate news
Several tax changes will go into effect on Jan. 1, 2012 — some good, some not so good. Here are the most important changes you should know about: Tax breaks that have been reduced for 2012 Several tax breaks will be reduced, but not eliminated, for 2012. 1....
by countyproperties | Dec 23, 2011 | Latest News, Real Estate news
Former “Deal or No Deal” and current “America’s Got Talent” host Howie Mandel is looking to offload his Malibu mansion. This Nantucket-inspired masterpiece offers panoramic views of Santa Monica Bay and boasts an expansive lawn, huge...
by countyproperties | Dec 23, 2011 | Finance, Latest News, Real Estate news
Good Signs for the New Year By Lawrence Yun, NAR Chief Economist Here’s a change. Lately most of the dire economic news has been coming out of Europe: talk about the future of the Eurozone, whether or not the EU will hold together as an entity, and even some...
by countyproperties | Dec 23, 2011 | Latest News, Real Estate news
Today’s buyers are looking for turnkey homes. That is, they want to move right in without having to do a lot of work. Buyers with busy lifestyles pay a premium for listings that are in prime condition. Staging can make the difference between a listing selling or...
by countyproperties | Dec 23, 2011 | Latest News, Real Estate news
Sales of existing homes rose 4% in November, according to the National Association of Realtors, which is revising its benchmarks for sales and inventory data since 2007. The trade group said sales of single-family homes, townhomes, condos and co-ops increased to a...
by countyproperties | Dec 23, 2011 | Latest News, loan modification, Real Estate news, Short Sales
Borrowers who received foreclosure counseling through a national program were twice as likely to receive a modification, according to a study released Monday. The Urban Institute evaluated roughly 800,000 homeowners who took help from the National Foreclosure...
by countyproperties | Dec 23, 2011 | Finance, Latest News
The number of initial jobless claims fell further last week to the lowest level in more than three years. The Labor Department said the seasonally adjusted figure of actual initial claims for the week ended Dec. 17 declined by 4,000 to 364,000 from 368,000 the...
by countyproperties | Dec 23, 2011 | Latest News, Real Estate news
Housing starts shot higher by 9.3% in November, according to Commerce Department data, climbing to the highest level of the year. On a seasonally adjusted basis, starts increased to 685,000 from 627,000 for October, which was revised downward 1,000. November housing...
by countyproperties | Dec 16, 2011 | Finance, Latest News, San Diego Real Estate
After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has bottomed, with both sales and prices on the rise and foreclosures...
