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...
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...
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...
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...
