San Diego California Home Prices
San Diego California home prices for selected San Diego neighborhoods. The data is from MDA Dataquick and the graph was produced by www.websitetrafficbuilders.com
San Diego California Home Prices
Pacific Beach real estate
Home Foreclosure Sales Jump
home foreclosure sales
According to ForeclosureRadar’s March foreclosure report, foreclosure sales increased 92.3 percent in March 2010 compared with March 2009 and 24.2 percent compared with February. Nearly 80 percent of foreclosure sales in February were for properties returning to lenders; the remaining properties were sold to third parties, primarily investors. Read more 
San Diego Home Mortgage Defaults Easing
San Diego home mortgage defaults
San Diego County defaults fell 39% in the first quarter of 2010 vs. 1st. quarter of 2009 MDA DataQuick reported yesterday.
There were 6,170 notices of default for the quarter, down from 10,111 a year earlier, and 2,263 for March, down from 3,832 in March 2009. Foreclosures totaled 3,096 in the first quarter, slightly up from 3,073 a year ago, and 1,137 in March, up from 734 in March 2009. Read more
Home Affordable Foreclosure Alternatives Program
home foreclosure help
The new Home Affordable Foreclosure Alternatives Program (HAFA) developed by the Treasury department. Designed to simplify and streamline the use of short sales, the expected benefits of HAFA include: allowing borrowers to receive preapproved short sale terms before listing the property; requiring borrowers to be fully released from future liability for their first mortgage debt; and the use of standard processes, documents and deadlines in the short sale process.
Time for Homeowners to Refinance?
- Interest rates continue to hover around all-time lows, making is sensible for anyone carrying a higher-rate interest loan to consider refinancing. With some exceptions, a half-point to a one-point drop in rate will generally make refinancing worthwhile.
- Low, fixed interest rates make converting from an adjustable rate loan into a fixed 15- or 30- year loan a smart move. Even if the adjustable payment is currently lower than a fixed-rate payment, when rates rise again, the monthly payment on an adjustable rate loan will quickly leap frog a fixed-rate loan.
- FHA efficiency mortgages provide consumers with an opportunity to refinance into a loan that will help pay for home efficiency improvements. These loans are meant to provide consumers with a way to make energy efficient improvements to their home as part of an origination or refinancing. This is a great way for homeowners to cost-effectively lower their utility bills through basic home repairs.
- Those homeowners who equity situation has steadily deteriorated, leaving them with little, no or negative equity in their homes, should ask their lender or broker for help. Most have some flexibility with government programs aimed at reducing rates for homeowners in weak positions. San Diego California real estate agents
Home Foreclosures Hit A Record
home foreclosures
Foreclosures hit a record in the first quarter. According to RealtyTrac Inc. more than 900,000 households or one for every 138 homes received a foreclosure notice in the past three months. Experts say it s a sign that banks are beginning to sort through a backlog of troubled homes at a faster pace. The rate of foreclosures had eased last year as the Obama administration sought to modify loans to give owners more time to work out problems. As several states had similar programs, the trend of foreclosures slowed down, but now that appears to be reversing. We re finally seeing the banks start to process the inventory that has been in foreclosure, but delayed in processing. We expect the pace to accelerate as the year goes on, said Rick Sharga, a RealtyTrac senior vice president. Read more