Foreclosure Homes In San Diego Update
San Diego foreclosures have been a huge source of activity for the San Diego real estate market. Recent reports show an average of 30 to 40 percent homes sold in the region as foreclosure properties. But the number of foreclosures in San Diego County has actually declined in 2010 by about 5%. And the number […]
Short Sales Home Mortgage Defaults
The rate of real estate mortgage defaults has dropped in San Diego County, and nationwide, in April 2010. Short sales of San Diego homes, successful loan modifications, and an improved outlook for the San Diego real estate market are all contributing factors. San Diego foreclosures rose slightly during the month, but the number of San […]
Pre Foreclosure Sale In Point Loma
When the value of a home drops below the value of the outstanding mortgage debt, it is a tough position for a home owner who needs to sell. Many home owners simply walk away and let the bank foreclose on the property. Foreclosures are devastating, not only because of the loss of the home, but […]
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 […]
San Diego Luxury Home Foreclosures
REO’s and Short Sales In Del Mar, Carmel Valley, La Jolla, Rancho Santa Fe There have been a lot of recent reports that the numbers of foreclosures are rising in the top tiers of the real estate market. This seems to be true in San Diego, where the number of San Diego luxury homes for […]
MIA San Diego Foreclosure Properties
Last week the San Diego Association of Realtors hosted their annual regional real estate summit, where National Association of Realtors economist Lawrence Yun was the keynote speaker. Mr. Yun’s address sent mixed signals. He began by saying on the one hand that he thought that the media has overstated the extent of the positive news […]
San Diego Homes Price Index Rises
This week the newspapers were awash with upbeat news about the San Diego real estate market and other major housing market nationwide. The Case-Schiller index of home prices was released for the month of May 2009 (that’s right, May… even though we’re at the end of July) and the index showed home prices rising in […]
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 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 […]
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 […]