San Diego Real Estate Prices Part1
Rancho Penasquitos I cringe when I read the newspaper or hear a report on the TV or radio that gives a median home price or average house price for San Diego County. This is a large and diverse area. San Diego home sales differ between neighborhoods almost as much as the San Diego terrains and […]
San Diego Pros Discuss Foreclosures
In a recent blog article entitled “It’s the Housing Sector Stupid”, super talented real estate webmaster SEOMack gives editorial analysis of the problems which led to the foreclosure crisis, along with proposed solutions for moving forward into a housing recovery. While I agree with the hypothetical solutions, the root causes of the foreclosure problem were […]
How to Avoid Home Foreclosure
Any home owners in financial distress should know that there is a good possibility that their mortgage lender may be willing to modify their home loan to make their loan payments more affordable. An effort to reduce your mortgage interest rate and/or payments should be the first line of defense against losing your home in […]
California Foreclosure Moratorium?
The California Foreclosure Prevention Act went into law on June 15, imposing a partial, temporary, 90-day moratorium on home foreclosures in California. The bill was passed in February, but just took effect this week. The law is intended to encourage lenders to provide mortgage workouts to financially distressed home owners, and was also intended to […]
San Diego Real Estate Investing 101
When it comes to real estate, sometimes it’s easy to become fixated on the details of the current news. It doesn’t help that news reports are often carry exaggerated headlines that are created to sell more papers and more advertisements. We forget that news reports are generally reactive rather than proactive. It’s very easy to […]
$8000 San Diego Home Buyer Credit
On May 29 the Obama administration announced final guidelines to provide first-time home buyers with an $8,000 cash advance that can be used to pay closing costs and part of the down payment for home purchases completed by November 30, 2009. The money is available to qualified buyers who obtain their home mortgage through the […]
SanDiego Homes 21.2% Undervalued
Today a San Diego Union Tribune article entitled “Housing Called Undervalued” reported that the median price of all San Diego homes sold in the first quarter of 2009 was $327,300, which is 21.2 percent below historic norms. These statistics were compiled in a recent forecast by Global Insight, a financial analysis firm that has been […]
Tax Consequences of Short Sales
One of the unfortunate facts about the current San Diego real estate market is that more than half of the homes for sale in most areas are short-sales. In a short sale situation, the home owner is seeking to sell the house, and the sale will net less to the home owner than the owner […]