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FHFA Confirming Home Loan Limits

Home Mortgage Loans

San Diego real estate marketFor 2015, the federal housing finance agency, recently announced that it will keep their maximum conforming loan limits for loans issued by Fannie Mae and Freddie Mac at $417,000 on one unit properties in most areas and 625,500 in high-cost areas. San Diego is considered a high-cost area , and so has higher conforming loan limits.

While on the topic of home mortgage loans. A recent study by JD power showed that first-time home buyers reported challenges with understanding the mortgage process and the options that are available to them. Read more »


FHA Mortgage Insurance Rate Drop

FHA Mortgage Insurance Rate Drop

San Diego real estate San Diego home pricesIf you’re in the real estate industry, I’m sure you know that last week President Obama announced that the FHA home loan program is going to reduce their monthly mortgage insurance (MMI) premium by .50 (from 1.35% to .85%)

Well, here’s the rest of the FHA loan rate story:

When President Obama originally took office, the FHA monthly mortgage insurance rate was .55%. Then, up until last week, the Obama administration raised the FHA insurance rate five times to today’s high of 1.35%!
Many mortgage insiders felt that at at a 1.35% monthly rate ($337 a month on a $300,000 loan) the FHA had really gone overboard in what was really needed to replenish their reserve funds. Read more »


San Diego real estate market forecast 2015

San Diego real estate market forecast 2015

Facts & opinion on the San Diego California real estate market by  Bob Schwartz San Diego real estate broker.

Put my 30 years of residential real estate experience to ensure that my clients achieve the best possible price marketing or selling residential real estate in the San Diego California market! Read more »


San Diego real estate market forecast 2015

San Diego real estate market forecast 2015

2015 San Diego real estate market forecast

Where does the San Diego real estate market seem to be headed for 2015? Once again at this time of year, when all the pundits come out with their forecast, it’s the rare individual that does not go along with the real estate industry’s proverbial ‘now’s the time to buy’ mantra. I’m going to be part of the 1% who deviates from the traditional ‘by now before you’re priced out of the market’ end of the year talking points.

When it comes to real estate marketing forecast, I don’t believe the general public should put much credence in the opinions of local real estate brokers, agents, or economists associated with the real estate industry. This is because when you get down to it the real estate industry is in the sales business. And in sales you must be optimistic and sometimes overly optimistic about future trends if you want to survive.

Now, just think about it. When’s the last time you heard of, or read, an opinion from a local real estate professional that perhaps the future outlook for the market was stagnation, or in the case of the San Diego real estate market bubble bursting in 2005, that we were near or at the top of the market?

Personally, I’ve never understood why the National Association of Realtors has its’ own economist. There has to be a tremendous pressure to shade all forecasts in a positive light.

Having been in residential real estate for over three decades, I consider myself a realist. I endeavor to always call my forecast for the new year in San Diego real estate as I personally see it, without regard for the ever present ‘Now’s a great time to buy real estate’ mindset of the industry majority. Read more »


Real Estate Appreciation 2015

Real Estate Appreciation 2015

Top 10 cities for real estate appreciation in 2015

2015 real estate outlook

Georgia Tech

In a recent Realtor report it was forecast that there would be a widespread real estate recovery in 2015.

In a few weeks I’ll publish a post that talks about not only the majority view of the real estate market for 2015, but also my personal Outlook for the 2015. San Diego real estate market.

Now, I’d like to note that this recent Realtor report also predicted what the best real estate markets in the United States that are indicating above average potential appreciation in 2015. Read more »


Investing in the Housing Market

Robert Shiller on Investing in the Housing Market

Nobel laureate Robert Shiller talks with WSJ.Money contributor David Wessel about the wisdom of investing in real estate and his provocative proposal to arrest the growth of inequality in the U.S. Read more »


Slowdown for Home Prices

S&P/Case-Shiller Home Price

California home for sale

The latest Case-Shiller results show that home prices continue to decelerate. The 10-City Composite gained 4.8% year-over-year, down from 5.5% in August. The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.

The National and Composite Indices were both slightly negative in September. Both the 10 and 20-City Composites reported a slight downturn while the National Index posted a -0.1% change for the month. Charlotte and Miami led all cities in September with increases of 0.6%. Atlanta and Washington D.C. offset those gains by reporting decreases of 0.3% and 0.4%. Read more »


Townhome Rental 3Br+Fam Rm – 2.5Ba

SDSU area large Townhome Rental 3Br+Fam Rm – 2.5Ba

Rental amount just reduced! Now, just $2,190 per month on a one year lease. Credit & employment check required. Show by appointment only.


$2,190/mo, 3Br+FamRm/2.5Ba Townhouse, 1802 sqft.


Bob Schwartz, Real estate Broker CALic.#00706331 | | 619-286-5604
3431 Mission Mesa Way, San Diego, CA 92120
3BR+Fam Rm/2.5BA Townhouse – San Diego
3Bd/2.5Ba Townhouse
Year Built 1984
Sq Footage 1802 sqft.
Bedrooms 3 Beds
Bathrooms 2.5 Baths
Parking 2
Lease Duration 1 Year
Deposit $2,190
Pets Policy Cats & Dogs OK
Laundry In Unit



Huge 3Br/2.5Ba + Fam Rm. Modern Spanish Townhome. Newer central A/C & heating. Just professionally cleaned. Next door to the 5,700Ac. Mission Trails Regional Park! Ready for your move-in!
San Diego
see additional photos below
Unit Features

- Living room - Dining room - Walk-in closet
- Master bath - Family room - Storage space
- Breakfast nook - Recreation room - Library
- Range / Oven - Refrigerator - Dishwasher
- Microwave - Garbage disposal - Balcony, Deck, or Patio
- Heat: forced air - Central A/C - Double pane / Storm windows
- Cable-ready - Hardwood floor - Fireplace
- High / Vaulted ceiling
Community Features

- Shared pool - On-street parking - Garage – Attached


One year lease. Credit & Employment check required. Owner will consider small pet w/increased rent/security.



Contact info:
Bob Schwartz, Real estate Broker CALic.#00706331


Read more »


U.S. Home Foreclosures Jump

U.S. Home Foreclosures

home foreclosures

In a report just out by RealtyTrac®, shows that U.S. foreclosure activity in October increased by 15 percent from September, but still down 8 percent from a year ago. The October monthly increase was the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010.!

Home foreclosure auctions increased from a year ago in 29 states, including Oregon (up 399 percent), North Carolina (up 288 percent), New Jersey (up 118 percent), New York (up 89 percent), Connecticut (up 60 percent), Nevada (up 53 percent), Alabama (up 41 percent), Washington (up 36 percent), Indiana (up 36 percent), California (up 19 percent) and South Carolina (up 18 percent). Read more »


Honoring Veterans Day 2014

Honoring Veterans Day

Happy Veterans Day – Thank you to all US Armed Forces veterans (and their families) who’ve made so many sacrifices to protect our freedoms!

Our service men and women deserve and need our support and our thanks. Read more »