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real estate house of cards

Housing Market – We’ve Been Down This Road Before

Housing Bust

I’ve said it many times before:  My opinion on the root cause of our current housing bust started back with the Clinton administration. The thinking was to make housing more affordable for the masses. A noble idea, but as usual, the government’s implementation was based on easing of the traditional mortgage qualifying rules. Read more

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Why Make Your Mortgage Payment When You Can Live For Free?

Home Foreclosure Moratoriums Impact Homeowner Associations

The number of foreclosures is huge and Federal and state foreclosure moratoriums abound.  The Federal government continues to pressure lenders to work out foreclosure alternatives.  With all of this, many troubled homeowners are riding the gravy train. Read more

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Fannie Mae and Freddie Mac – Walking Dead

Goodbye and good riddance says Rep. Barney Frank to Fannie Mae and Freddie Mac. In his opinion, both mortgage agencies need to be closed for good. Once that’s accomplished,  the housing finance system can be rebuilt right.

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San Diego real estate pent up demand

San Diego Real Estate Pent-Up Demand .. It’s Real & About To Kick-In

The latest San Diego sales mantra goes like this: “Sure the market is down, but it’s been down for a few years now and there is terrific demand to purchase building up. Now could be the best time to get into the San Diego real estate market before that pent-up demand kicks in.” Read more

Recent Articles

25
Jan

Pending Home Sales Fall 11Percent In The West

Pending Home Sales

pending home sales

pending home sales

The National Association of Realtors® reported today that after reaching a 19-month high, pending home sales eased in December.

Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said. “Contract failures remain an issue, reported by one-third of Realtors® over the past few months, but home buyers are not giving up.” Read more »

24
Jan

2012 San Diego Real Estate Forecast

2012 San Diego Real Estate Forecast

2012 San Diego Real Estate Forecast - Opinion on the 2012 San Diego real estate outlook. Why San Diego home values, will still be in decline through at least the first half of 2012. View the full post at:
http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-market-2012-outlook-forecast.html

20
Jan

Home Sales Increase

Home Sales

home sales

Bob Schwartz, real estate broker

The National Association of Realtors just reported that home sales increased 5 percent in December to the best level since January 2011 and the third straight monthly increase.

Home sales for2011, totaled 4.26 million. That’s up from 4.19 million the previous year, but, below the 6 million that economists equate with healthy housing markets.

The median home sales price in December rose 2.3 percent to $164,500. Read more »

12
Jan

Home Foreclosures Drop To 2007 Levels

Home Foreclosures Drop

Just reported today: According to foreclosure-data firm RealtyTrac the number of homes getting a foreclosure filing, hit a 49-month low in December, as legal issues, documentation delays and weak housing demand all served to stall the processing of mortgage delinquencies. Read more »

7
Jan

San Diego 2012 Real Estate Forecast

San Diego 2012 Real Estate Forecast

San Diego Home Forecast 2012 – Opinion on the 2012 San Diego real estate outlook. Why San Diego home values, will still be in decline through at least the first half of 2012. brokerforyou.com Bob Schwartz is a San Diego real estate broker with 30+ years experience. If you own a San Diego home or are planning purchasing San Diego real estate Bob’s San Diego 2012 real estate outlook is a must read. View the full post at:
http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-market-2012-outlook-forecast.html

San Diego 2012 Real Estate Forecast

6
Jan

San Diego Real Estate Market Analysis

San Diego County Residential Real Estate Market Analysis: 4th Quarter 2011 – This is part 2 of 2

By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339

The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County as reported by the San Diego County MLS system.

*Please see prior post for the first part of this article.

Detached Housing Market Specifics – 4th Quarter 2010 compared with 4th Quarter 2011: Detached home sales data for the 4th quarter of 2011 shows the highest numbers of sales were in the $200,000-$300,000 price range. This reflects a shift from the 4th quarter of 2010, when the highest number of sales were in the $300,000-$400,000 price range (see figure 5). Read more »