Home Values Down For 2009
housing market
According to a just released report from the Zillow website, U.S. home values fell by $489 billion in the first 11 months of 2009. Although this is a huge value decline, it’s actually an improvement from 2008, when home values shed $3.6 trillion.
Zillow’s chief economist, Stan Humphries said: “Home values stabilized significantly during the second half of 2009, with the total dollar value of U.S. homes increasing since June. Most housing markets across the country had a good summer, spurred largely by the government’s tax credits for homebuyers, combined with very low mortgage rates.”
San Diego Real Estate Site Gets Top Rankings
Bob Schwartz, San Diego Realtor
We just received results from an independent website ranking firm for our site. Below is the main part of this report:
Report for www.brokerforyou.com
December 09, 2009 at 06:48 PM
The website www.brokerforyou.com ranks 141,917 of the 1,866,188 websites that have been ranked so far.
A website grade of 92/100 for www.brokerforyou.com means that means that of the millions of websites that have previously been evaluated, our algorithm has calculated that this site scores higher than 92% of them in terms of its marketing effectiveness. The algorithm uses a proprietary blend of over 50 different variables, including search engine data , website structure, approximate traffic, site performance, and others.
San Diego Housing – The Worst Must Be Behind Us
San Diego real estate market outlook
It seems everyone from Fed/Treasury, Fannie, big banks, speculators, Berkshire, etc. is doubling down right now, mostly on an assumption that the worst must be behind us by now. Even a lot of homeowners and small businesses are doing everything they can to hang on a little bit longer on the belief that the worst must be behind us by now.
They say in 1930 it was common for everyone to believe the worst was over when in fact it was still only beginning.
Tierrasanta real estate
Is A Big Mortgage Rate Increase Coming in 2010?
Housing market
Wall Street insiders estimate the Fed’s $300 billion in Treasury purchases helped push down rates on those securities by half a percentage point and its purchasing of mortgage-backed securities (it will eventually buy $1.25 trillion) is pushing down rates on those securities by a full percentage point.
US government bought over 90% of all mortgages last 3-4 months
Fannie Mae Hikes Mortgage Credit Scores
San Diego home
Fannie Mae has increased the minimum borrower credit score from 580 to 620.
Brian Faith, a spokesperson at Fannie, confirmed the minimum hike, adding that the adjustment reflects a careful analysis of borrowers ability to repay their mortgage obligations over the life of the loan. Our experience with recently delivered loans with credit scores below 620 is that they reached a level of serious delinquency at a rate approximately nine times higher than other acquisitions during the same period, Faith said in a statement. Read more 
Home Delinquency Rate Hits New High
According to the recently released Mortgage Bankers Association’s (MBA) National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding in the third quarter, up 40 basis points from the second quarter, and up 265 basis points from one year ago.
Home Delinquencies