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Program Will Pay Homeowners to Sell at a Loss

Written on 9 Mar, 2010 at 8:56 in Blog | viewed 2 views times and users have made 0 comments so far

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners... (Continue reading)

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Hefty tax bill may hit those who lost home

Written on 3 Mar, 2010 at 21:02 in Blog | viewed 18 views times and users have made 0 comments so far

San Diegans who have lost their homes through foreclosure or short-sales thought they had emerged from the dark times and could start rebuilding their lives. Then the state tax man came calling. With less than six weeks before taxes are... (Continue reading)

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Could the Tax Credit Be Extended Again?

Written on 22 Feb, 2010 at 14:52 in Blog | viewed 14 views times and users have made 0 comments so far

The pressure is increasing on Congress to renew the homebuyer tax credits for a third time. The first $7,500 tax credit was passed in 2008 and required first-time buyers to repay the credit over 15 years. A few months later in... (Continue reading)

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Affordability of housing dips in county

Written on 18 Feb, 2010 at 11:26 in Blog | viewed 13 views times and users have made 0 comments so far

San Diego County’s housing affordability has again dipped below the 50 percent level, the National Association of Home Builders said yesterday. The 48.1 score in the Housing Opportunity Index represents the percentage of homes sold in the fourth quarter that a... (Continue reading)

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Property Values Fall Again

Written on 10 Feb, 2010 at 19:35 in Blog | viewed 17 views times and users have made 0 comments so far

U.S. home values declined another 5 percent in the fourth quarter, compared to the previous year. This was the 12th straight quarter of year-over-year declines, reported Zillow.com. More than 29 percent of homes sold in 2009 in the... (Continue reading)

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Will Rewarding Borrowers Prevent Defaults?

Written on 10 Feb, 2010 at 8:41 in Blog | viewed 13 views times and users have made 0 comments so far

Will paying underwater borrowers to keep meeting their mortgage obligations prevent them from walking away? Loan Value Group LLC says it is working with a major mortgage lender to test this theory. Here’s the plan. The mortgage investor offers a cash reward... (Continue reading)

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Pending Home Sales Stabilize

Written on 2 Feb, 2010 at 14:40 in Blog | viewed 19 views times and users have made 0 comments so far

Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, increased 1... (Continue reading)

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10 Home Features Buyers Want

Written on 1 Feb, 2010 at 12:36 in Blog | viewed 19 views times and users have made 0 comments so far

Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,”... (Continue reading)

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Ten Inexpensive Ways to Wow Buyers

Written on 26 Jan, 2010 at 14:29 in Blog | viewed 16 views times and users have made 0 comments so far

Here are 10 cheap ways to make a property more attractive to shoppers. Improve first impressions. Touch up the paint on the front door and other areas that buyers see first. Clean up the landscaping. Trim the hedges and trees and plant... (Continue reading)

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December home sales down nearly 17 percent

Written on 25 Jan, 2010 at 8:51 in Blog | viewed 18 views times and users have made 0 comments so far

WASHINGTON — Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit. The report reflects a sharp drop... (Continue reading)

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