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San Diego County housing prices rebound in February
Written on 15 Mar, 2010 at 17:08 in News | viewed 41 views times and users have made 0 comments so far
San Diego County housing prices bounced back in February to reach a median $322,000 that was in the range of prices for much of last year, MDA DataQuick reported Monday. The median, the midpoint of all prices, was up... (Continue reading)
Program Will Pay Homeowners to Sell at a Loss
Written on 9 Mar, 2010 at 8:56 in Blog | viewed 63 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)
Affordability of housing dips in county
Written on 18 Feb, 2010 at 11:26 in Blog | viewed 70 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)
Property Values Fall Again
Written on 10 Feb, 2010 at 19:35 in Blog | viewed 64 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)
Pending Home Sales Stabilize
Written on 2 Feb, 2010 at 14:40 in Blog | viewed 54 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)
SoCal home sales up, prices hold steady
Written on 14 Oct, 2009 at 7:29 in News | viewed 102 views times and users have made 0 comments so far
Southern California home sales rose unexpectedly last month as price declines moderated, MDA DataQuick reported Tuesday. There were 21,539 sales in the six-county region, including San Diego, up slightly from August’s 21,502, as low rates, federal tax credits and delayed closings... (Continue reading)
Legislation introduced to keep tax credit alive
Written on 28 Sep, 2009 at 16:44 in Blog | viewed 83 views times and users have made 0 comments so far
WASHINGTON — Will Congress extend the wildly popular $8,000 home-buyer tax credit beyond its Dec. 1 expiration date? That’s a question generating huge pressure on Capitol Hill, from would-be buyers who haven’t found the right house to realty agents, builders, lenders... (Continue reading)
Existing home sales slide unexpectedly
Written on 28 Sep, 2009 at 8:31 in Blog | viewed 109 views times and users have made 0 comments so far
The report breaks a four-month streak of increases with a dip of 2.7% in August. NEW YORK (CNNMoney.com) — Existing home sales fell in August, snapping a four-month streak of increases, according to a report released Thursday. Sales of previously-owned homes fell... (Continue reading)
High credit scorers more likely to cut losses and halt payments
Written on 25 Sep, 2009 at 8:02 in Blog | viewed 94 views times and users have made 0 comments so far
WASHINGTON — Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores? It’s probably not who you think. New research using 24 million individual credit files has... (Continue reading)
More Waiting in Store Before Prices Head Up
Written on 10 Sep, 2009 at 12:07 in News | viewed 100 views times and users have made 0 comments so far
Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas. But... (Continue reading)