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Posts tagged ‘San Diego homes’

5
Feb

Home Prices Increase Most in 6.5 Years!

Home Prices Increase

home prices

A report today by CoreLogic, showed that home prices in December increased by 8.3% when compared to December 2011! This marked the biggest annual gain in home prices since May 2006.plus, the home price increases were extremely broad-based with 46 of the 50 states showing increases in December. Read more »

28
Aug

San Diego Home Prices Drop

San Diego Home Prices

San Diego home pricesThe vast majority of today’s real estate headlines proclaim a rise in home prices based on the just released S&P/Case-Shiller Home Price Indices. This is certainly correct on a national basis, but here in San Diego, the Case Shiller index actually showed that San Diego home prices for June 2012 dropped -0.2% when compared to June 2011. Read more »

10
Jun

San Diego Real Estate Overpriced?

San Diego Real Estate Overpriced?

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Hi Bob,

My name is George. I’ve lived in San Diego all my life and I’ve always had the goal to one day own a home here. My wife and I make a decent living (Computer Programmer and a Regional Controller) but I don’t see how we can ever own a home in San Diego at these prices. Mira Mesa, Scripps Ranch, Penasquitos, and Tierrasanta are older neighborhoods that are falling apart and are way OVERpriced. Read more »

11
Jul

4 Neighbor Factors That Reduce Your Home’s Value

home valuesSan Diego real estate

My first house in San Diego was within walking distance of San Diego State University. It was on a nice little cul-de-sac street, and for San Diego, on a huge almost 1/3 acre lot.

It was while living at this home that I became keenly aware of the factors in one’s neighborhood that not only can have an effect on your home’s resale value but also on its marketing time.

Yes, every neighborhood has them, homeowners who, for lack of a better phrase, have no pride in ownership. Naturally, this varies widely from neighborhood to neighborhood, and individual homeowners. Read more »

29
Mar

San Diego Home Prices Increase

San Diego home prices

San Diego home prices

Today, the S&P/Case Shiller Home Price Index was released for January (index is calculated every month and has a two-month lag). The 20-area index real estate home sale prices report showed declines in 18 of the major metro areas, with just San Diego and Washington, D.C. showing home prices increases.

Read more »

3
Dec

San Diego County Home Prices

San Diego home prices

San Diego home prices

San Diego County home prices fell in September for the second month after 15 consecutive monthly increases, according to Standard & Poor’s Case-Shiller Home Price Index report.

The resale home   value of a typical house fell 1 percent in September from August. The value had dropped 0.6 percent in August from July.

However, September’s home price was still 5 percent above that of a year ago, according to the index, which reports home prices for 20 cities and the nation as a whole.

San Diego County houses priced under $314,451 slipped 0.9 percent from August; houses priced from $314,451 to $474,176 dropped 2 percent in value; while those priced above $474,176 rose 0.5 percent in value.

The national quarterly index, which measures home prices in the nine U.S. census regions, dropped 2 percent in the third quarter from the previous quarter.

“While housing prices are still above their spring 2009 lows, the end of the tax incentives and still active foreclosures appear to be weighing down the market,” the monthly report stated.

San Diego Realtors

16
Nov

San Diego’s Home Prices Projected to Fall Further

San Diego California home prices

San Diego California home prices

A report by Fiserv, which provides the data for the widely watched Standard & Poor’s/Case-Shiller Home Price Index, said San Diego prices rose now face a double-dip. They are projecting a 8.5 percent fall through 2011.

“Some of the largest declines in prices will occur in markets that had strong spring and summer 2010 price increases,” said David Stiff, Fiserv chief economist. “This is because the homebuyer tax credit delayed the correction in home prices that is necessary to return housing affordability to pre-bubble levels.”

San Diego home short sales

11
Oct

San Diego Mortgage Default Rate Drops

San Diego foreclosures

San Diego foreclosures

According to MDA DataQuick, a real estate analysis firm based in La Jolla, during the first half of this year, there were 5,458 notices of default in San Diego County and 3,315 foreclosures. The San Diego real estate default rate has dropped nearly 45 percent from last year!

A 45% decline in San Diego home foreclosures sounds good on the surface, but,  one should be aware of the fact that the huge number of  San Diego short sales  was the main cause of the drop in foreclosures.

If one considers the number of San Diego short sales,  the actual San Diego foreclosure rate has slid less than 6 percent.

Chula Vista real estate

28
Sep

San Diego Homeowners – End Up Screwed

San Diego home foreclosures

San Diego home foreclosures

Under-water San Diego homeowners are left with two not-very-appealing choices: stop making payments, take a major credit hit and risk the lender seeking a court judgment for the balance of the loan — or keep paying and hope the house begins to appreciate, however little, again.

There are many government programs to help homeowners in trouble & I advise all distressed San Diego homeowners to seek out these programs. However, from the recent reports on the performance of these good intentioned programs … so far they have been dismal failures!

Perhaps the government needs to understand that there is nothing wrong with renting! Some of the many under-water homeowners were simply not suited to own a home!

What of  the San Diego homeowners who are not under–water on their mortgages?  What benefit is there for homeowners that were resourceful, hardworking and buying only what they could afford when they could afford it?

The majority are offended that they — and their children and their grandchildren — will be paying for someone else’s mortgage woes through higher taxes.

California home foreclosures

11
Aug

San Diego Real Estate Market Facts

San Diego real estate facts

San Diego real estate facts

In a recently released report, the real estate site Zillow reported the following for the San Diego real estate market:

  • Off the peak: Home values here have plunged 29.7 percent from September 2005, which zillow.com considers the region’s peak. Read more »