From the category archives:

San Diego home prices

Another bill rejected -SB 1275

by Ana Maria Goodemote San Diego home prices

California State Assembly have rejected .. .   bill SB 1275 this week, a bill would have required banks to provide homeowners with a fully considered loan modification decision before banks could foreclose on a home.  The vote was 36 to 30 against a bill that would have helped or at least gave homeowners peace of [...]

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Bank takes enormous hit on San Diego mansion

by Peter Toner San Diego home prices

A house that local residents dubbed "The Monster House" … has just sold in San Diego for $2,000,000 last week – just a little less than the claimed $13,000,000 that it cost to build back in 2006. With 16,000 square-feet this mansion on Fortuna Ranch in Encinitas is reported to have (according to Sandicor data)  [...]

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Will your lender reduce your outstanding mortgage?

by Erin McBratney Home buying tips

Up until now, most lenders have said no about reducing the principal balance for homeowners underwater on their mortgages. Lenders and investors were willing to cut interest rates and payments, and even write off some late fees, but they were totally against forgiving even a small amount of principal. However, the outlook for reduction of [...]

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Will we keep the $8,000 tax credit?

by Ana Maria Goodemote Home buying tips
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I have yet to meet a person who’s savings have not been affected by the current recession. To no major surprise, this has affected the types of home loans that buyers are using for purchasing new homes. According to a recent survey conducted by RISMedia (October 21, 2009), nearly 60% of Home Buyers are relying [...]

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View on our San Diego real estate Market:

by Ana Maria Goodemote Home buying tips
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Over the past year or so, most of my clients have been asking a very similar question… … has the San Diego real estate market stabilized yet? Has it stopped dropping? This is a tough question to answer, but in the past few months I have seen a definite change in the market for the [...]

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“Meltdown” Headed toward a “Cool down”?

by Peter Toner San Diego home prices

With all the talk about San Diego’s housing “meltdown” the signs that may point towards a future “cool down” may be easily missed. Below are a few points that have been made recently that provide some hope that a potential “cool down” may be arriving by the end of next year. Anderson Forecast at UCLA [...]

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San Diego Home Buyers are Jumping In!

by Peter Toner San Diego home prices
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 Just recently the Case-Shiller data for August 2008 was released. This index tracks homes that are purchased and re-sold in similar condition as to when it was first purchased. The Case-Shiller index is believed to have more validity than other home sales data because the distorting effects of remodeling or new construction are not included [...]

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San Diego Forecloses and Short Sales

by Peter Toner San Diego home prices

With foreclosures and short sales making up so much of our market for San Diego homes, we have just launched a brand new site with the sort of consumer resources that we think our readers will appreciate. We have included advice about being “under water”, the foreclosure process and generally just what it takes to [...]

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Existing Home Sales Rise… Just a Little

by Peter Toner General
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    According to The National Association of Realtors  in June 2008 there were 4.85 million home sales across the nation. In July, just one month later, sales rose to 5 million, one of the highest overall sales of the year since February. The jump is also a bit higher than the 4.9 million that [...]

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Key Indicators of the Housing Market’s Status

by Peter Toner General

When discussing the current status of the Housing Market you often hear “national” averages, although it is good data to review it doesn’t entirely display the full picture. Housing Markets are regional. One region of the country could be suffering greatly while another has yet to see any distress. The best way to find out [...]

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Wish you lived in San Diego?

by Peter Toner General

If you were watching the enthralling ending to this years US Open tournament and wished you were living here in one of the worlds best climates, let us know! Please post your comments and share your thoughts …

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What’s the deal with Distressed Home Sales?

by Peter Toner General
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In San Diego we have all come to the reality that a large majority of our market is “distressed” – in the status of Short Sale, Notice of Default or Foreclosure. It is clear from the sales stats that the main areas being affected by the mortgage crisis are those in the outer communities of [...]

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Interesting Data Stats on San Diego Home Values

by Peter Toner General

A recent study completed by the economic data research company Global Insight Inc. found some very interesting statistics in regards to San Diego Home Values as well as a few other large metropolitan areas. The chart is below, and as you can see the results show that San Diego home values were found to be [...]

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April Home Sale Statistics Show 22% Increase

by Peter Toner General
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Data Quick Reports for April 2008 show an increase in sales by 22% in Southern California compared to home sales in March of 2008. Last March sales for new and resale homes as well as condos totaled 12,808, this April those same sales hit a total of 15,615… that’s where the 22% comes in. The [...]

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Wall Street Journal Says “Home Buyer’s, Start Your Engines!”

by Peter Toner General
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Just as you are probably saying right now we too said, “What?” Could it be that the media has finally decided to portray the housing industry in a positive light?? Well now let’s not get ahead of ourselves…notice the key words “Start Your Engines,” as you can see there is no advice to start a road [...]

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