by countyproperties | Sep 25, 2008 | Real Estate news, San Diego Foreclosure news
San Diego, California, September 2008 – San Diego County’s institutional grade rental complexes experienced a 2.5 percent rental rate increase, or $33 per month, in the last six months to an average of $1,344, according to MarketPointe Realty Advisors,...
by countyproperties | Sep 24, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
$700 Billion for What? By Lawrence Yun, Chief Economist A massive $700 billion bill will be fast-tracked through Congress this week to give the U.S. government the authority to buy bad mortgages off the books of Wall Street firms. People are calling it the...
by countyproperties | Sep 23, 2008 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
As expected, this weekend the U.S. Dept. of the Treasury submitted its proposal to promote stability in the U.S. financial markets.Key components of the Treasury’s proposal include: The authority to issue up to $700 billion of Treasury securities to finance the...
by countyproperties | Sep 18, 2008 | Real Estate news
CONSUMER CONFIDENCE IMPROVES IN THIRD QUARTERFollowing three quarters of declines, the California Composite Index of Consumer Sentiment increased to 65.1 in the third quarter of this year from 57.6 in the second quarter of 2008, according to the Center for Economic...
by countyproperties | Sep 18, 2008 | Real Estate news
Housing: Still ARMed, Less Dangerous Hope hangs on cutting a massive oversupply of homes for sale. It was two years ago this month that I wrote “Housing: ARMed and Dangerous,” about what was at the time only a flicker of a crisis. I’ve since written...
by countyproperties | Sep 11, 2008 | Finance
According to the NY Federal Reserve, there were 116 million total housing units in June 2008. About 50 million were prime mortgages, 37 million were rental units, 26 million had no mortgage, leaving a total of 3 million subprime mortgages. Subprimes represent...
by countyproperties | Sep 11, 2008 | Finance, Real Estate news
Q What does it mean that the new tax credit is refundable? A It means good news for many home buyers! A ‘refundable credit’ means that even if you pay little or no income tax, you can claim the credit and get a check from the IRS. ...
by countyproperties | Sep 5, 2008 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
by countyproperties | Aug 29, 2008 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
SALES INCREASED 43.4 PERCENT; MEDIAN HOME PRICE FELL 40.3 PERCENT IN JULY. Home sales increased 43.4 percent in July in California compared with the same period a year ago, while the median price of an existing home fell 40.3 percent, C.A.R. reported Monday....
by countyproperties | Aug 28, 2008 | Finance, Real Estate news
Consumer sentiment rose to 56.9 in August, up from 51.9 in July, according to The Conference Board Consumer Confidence Indexâ„¢ released Tuesday, indicating a slow shift toward an economic recovery, albeit one that analysts predict will likely take...
by countyproperties | Aug 28, 2008 | Finance, Real Estate news
The down payment assistance program is set to end October 1st, 2008. This will mean the seller can no longer offer to pay the 3% down for you in an FHA loan. The funds will need to come out of your pocket.Another change to be concerned about is the 3% minimum down...
by countyproperties | Aug 21, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
C.A.R. reports entry-level housing affordability increases 50 percent in second quarter 2008 compared with a year ago LOS ANGELES (Aug. 19) The percentage of households that could afford to buy an entry-level home in California stood at 48 percent in the second...
by countyproperties | Aug 21, 2008 | Real Estate news
Sales expectations among single-family home builders for the next six months increased two points in August to 25, while current sales conditions increased by one point to 16, according to the National Association of Home Builders/Wells Fargo Housing Market Index...
by countyproperties | Aug 21, 2008 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Multiple Offers are here again! Investors are back in San Diego and Riverside, counties and “Multiple Offers” are here again. Foreclosures in San Diego priced under $450,000 in the last sixty days are selling...
by countyproperties | Aug 21, 2008 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
California led the nation with 72,285 foreclosure filings in July, a 5 percent increase from June and an 85 percent increase from July 2007, according to a recent report by RealtyTrac®. Bank repossessions, auction notices, and default notices all increased...
by countyproperties | Aug 21, 2008 | Finance, Real Estate news
When Banks Fail, What Does it Mean to My Mortgage?
by countyproperties | Aug 14, 2008 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
PENDING HOME SALES INDEX INCREASES 5.3 PERCENT IN JUNE, WHICH WILL AFFECT THE SAN DIEGO AND REAL ESTATE HOUSING MARKETThe Pending Home Sales Index, based on contracts signed in June, increased 5.3 percent in June to 89.0 from 84.5 in May, according to the latest...
by countyproperties | Aug 8, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
A new study from the UC Irvine Paul Merage School of Business Center for Real Estate suggests that the private mortgage industry, not subprime borrowers who took out risky adjustable rate loans, led to the current lending crisis that resulted in the dramatic rise and...
by countyproperties | Jul 31, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
If you are thinking of buying a home, you might be confused about the many issues in the news from mortgage rates to mortgage bills in Congress. But the fundamentals of buying a home really haven’t changed and, in fact, there are new incentives on...
by countyproperties | Jul 31, 2008 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
QI see headlines that say mortgage rates are falling. I see headlines that say mortgage rates are rising. When shall I buy and lock-in my rate? A You really can’t go by your daily newspaper to find out what mortgage rates are doing. One...
