Archive for the 'Real Estate News' Category
2009 Housing Market Review
Filed Under categories: First Time Homebuyer, News You Can Use, Real Estate News, Real Estate Stats
posted by Kea Bensen on February 11th, 2010
2009 Year in Review
What a difference a year makes. As poor as the housing market was in January 2009, a year of aggressive subsidies and sluggish economic improvement has produced a tentative optimism in January 2010.
The first-time homebuyer tax credit was extended and revised in 2009 to include some qualifying move-up buyers, and housing sales in the conforming loan range began to soar in most areas of the country by May 2009.
Click here to view 2009 Year in Review for San Diego County under $1 Million
Click here to view 2009 Year in Review for San Diego over $1 million
Own a Piece of Paradise
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye Scott on January 29th, 2010
Local home prices on the upswing
The San Diego Union Tribune’s Roger Showley reported January 26th in the financial/business section that San Diego home prices are on the rise. In fact, we are one of the top 4 major metro areas for appreciation from 2000-2009. While not completely out of harm’s way, the market is showing more signs of strength than weakness and some light at the end of the tunnel.
Over the past 3 years, my business partner in Scott~Finn & Associates, Francine Finn and I have heard the phrase
“I’m not going to buy right now, I’m waiting for the bottom.”
“I’m not going to buy right now, I’m waiting for the bottom.”
Well, folks, wait no more. We’re there and already starting to climb out. Besides today’s article testifying to the improvements in San Diego, there were several articles last week to reinforce the facts. San Diego is more affordable than ever. But, not for long. This is still “America’s Finest City” with incredible year-round weather, great attractions, natural beauty and a revitalized downtown that has attracted world-wide attention. Read the rest of this entry »
Umbrella to Cover ‘Unexpected’ for 1st Time Buyers
Filed Under categories: Buying, First Time Homebuyer, News You Can Use
posted by Francine Finn on January 28th, 2010
The California Housing Affordability Fund Mortgage Protection Program has been extended through December 31, 2010, or until funds are exhausted.
Under the free program, which received $1 million from the California Association of Realtor’s Housing Affordability Fund and an additional $420,000 from the National Association of Realtors, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for up to six months, to help make their mortgage payments. Read the rest of this entry »
Video: Buy Now or Wait?
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News
posted by Raye Scott on December 11th, 2009
The Cost of Waiting - Interest Rate Analysis
After many requests to break down the ‘Cost of Waiting’, Craig Sewing created this video as part of his blog, www.mortgagediaries.com.
Craig Sewing is the host of “Save Money San Diego” radio show and is the manager of Benchmark Mortgage Read the rest of this entry »
Search Foreclosures in San Diego
Filed Under categories: News You Can Use, Real Estate News
posted by Raye Scott on November 4th, 2009
With our new ‘Foreclosure Search’ tool, you can easily search all Foreclosure listings in San Diego.
Search ALL homes for sale in San Diego
Ask The Magic 8 Ball…
Filed Under categories: Downtown San Diego, News You Can Use, Real Estate News
posted by Raye Scott on June 2nd, 2009
Consulting the Magic ‘8′ Ball with parenting and real estate advice…
When I was raising my three rambunctious children, there would be days that were mentally and physically exhausting and sometimes, after being bombarded with never ending questions or fights over anything and everything, I would just say “Let’s go ask the Magic “8” Ball and we will let it decide.” So, even if I had already prepared dinner, but the kids wanted pizza, if the Magic “8” Ball said “Outlook Good” I would pick up the phone and order a pizza. It just seemed easier to put our fate into that little black ball once in awhile.
Who Wins in a Short Sale?
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Selling
posted by Francine Finn on May 22nd, 2009
Ask the Expert…
Who Wins in a Short Sale?
Francine Finn interviewed by Fox 5 San Diego’s Arthel Neville on the morning news.
- What is a Short Sale?
How does a Short Sale work?
Why does it take so long?
How vulnerbale is the seller?
Bank Processing Shorts Sales: the new definition of “Incompetency”
Filed Under categories: Finance, News You Can Use, Real Estate News
posted by Francine Finn on April 13th, 2009
“I’m mad as hell, and I’m not going to take this anymore!”
is a famous line that the majority of short sale owners will recall from the 1976 Academy Award winning movie Network. This line keeps playing over and over in my mind when faced with the ridiculously incompetent manner that the American public is forced to be subjected to during the processing of short sales by most of the major banks. Bring the subject up to any realtor and prepare yourself to be inundated by horror stories that will make you nauseous. With few exceptions, so few that none come to mind, the banks are throwing away our hard earned dollars by the millions daily. Read the rest of this entry »
Stimulus Package: How It Impacts San Diego Housing Market
Filed Under categories: News You Can Use, Real Estate News, Real Estate Stats
posted by Francine Finn on March 24th, 2009
This monthly real estate report, provided by Prudential California Realty, covers the highlights offered to homeowners, lenders and home buyers.
Read the rest of this entry »
Senate Passes Stimulus Package
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News
posted by Francine Finn on February 16th, 2009
In addition to all the “pork” that we were never supposed to have with our newly elected officials, there are actually some items that could help citizens of California & the country over all contained in the ‘AMERICAN RECOVERY AND REINVESTMENT ACT’ now awaiting President Obama’s signature.
As a member of the California Associate of Realtors, I received the letter below outlining the benefits that should help get our economy on the road to recovery. Whether you are thinking of buying a new home or condo in downtown San Diego, or throughout the county or state, raising the conforming loan limits truly is significant. First time home or condo buyers have been
Read the rest of this entry »