FHA Home Loans Cost More Starting April 18, 2011
…This is NOT an April Fool’s joke! If you’ve been considering buying a home in San Diego, there is a good reason to act soon. The ever-popular FHA home loans which are available for houses and condos in San Diego will soon carry higher fees. FHA loans are popular because they allow buyers to purchase […]
San Diego Homes Lead Recovery
By any measure, San Diego real estate has really been taking off in recent months. We’ve been saying for a long time that San Diego was the first to burst in the real estate bubble, and it will be the first to come back out of the hole. And now San Diego homes are appreciating […]
California Home Buyer Tax Credit!
This news is just in, and it’s great news for prospective buyers of San Diego homes! The California legislature has acted again to provide a $10,000 tax credit to first-time home buyers and to purchasers of new construction. It is a powerful move to further strengthen the real estate market in the state. The $8,000 […]
Extend Home Buyer Tax Credit!
Extending the $8,000 first-time homebuyer tax credit is one government stimulus policy that makes sense. Nationwide, about twenty percent of first-time home purchases during 2009 were directly related to the tax credit. Even though real estate in San Diego is particularly expensive, the tax credit has enticed thousands of home buyers who were on the […]
Loan Mods Slow as Foreclosures Rise
With the hundreds of billions of taxpayer dollars that have been poured into the banks in recent months, it seems reasonable to ask whether the money is being used for the intended purposes. One of the big objectives of the Obama Administration has been to encourage the banks to modify loans for homeowners in financial […]
San Diego Home Buyers Insurance
First time homebuyers can now have added peace of mind when buying homes in San Diego or anywhere in California. The California Association of Realtors Housing Affordability Fund (HAF) has created an insurance product that will pay up to $1,500 per month to participating home owners who lose their jobs or become involuntarily disabled. The […]
HVCC Kills San Diego Real Estate
Many people are attempting to refinance their homes, but are finding that their homes appraise at ridiculously low values that won’t support new loans. Others are attempting to sell their homes and receiving multiple offers at a decent “market price”, only to have the appraisals come in unrealistically low. Why? The reason is the new […]
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 […]
La Jolla Seals Facing Foreclosure?
Almost everyone who has visited La Jolla in recent years has taken time to stroll past the Children’s Pool to take in the sight of waves crashing against the sea wall, and to watch seals and sea lions bask in the sun. The seals have become a fixture in the area for years, as more […]
San Diego Home Prices Up Again
The San Diego Association of Realtors released the May 2009 home sales statistics on June 11. These numbers have been anxiously awaited by San Diego real estate professionals. And for some reason the SDAR delayed posting the numbers on their website until June 11, but backdated the post to June 5. It seems like the […]