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...
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%...
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...
