Archive for July, 2009
Quiet Zone for Downtown San Diego?
Downtown San Diego isn’t a quiet place to live. It’s full of hustle-and-bustle and loud noises from pedestrians, cars, buses, motorcycles, fire engines, trains, trolleys, boats and ships. All that is about to change, at least in theory. San Diego is planning what is believed to be the largest, most ambitious “quiet zone” in the [...]
Read Full Post | Make a Comment ( None so far )0.4% Increase From April to May in San Diego
Thomas Kupper from the San Diego Union Tribune reported today on the release of the Standard & Poor’s/Case-Schiller Index data showing an increase in San Diego home values from April to May. Read the whole article at the following link: http://www3.signonsandiego.com/stories/2009/jul/28/housing-san-diego-prices/. In summary, the writer suggested we could have “hit bottom”, but we won’t know [...]
Read Full Post | Make a Comment ( None so far )A Behind the Scenes Look at Buying an REO
I received a very interesting email from a listing agent today. Anyone who is considering writing an offer on a bank-owned property should read this. I am changing the names to keep it anonymous. See the email below: Justin, Thank you so much for taking the time to write the email. The asset management company [...]
Read Full Post | Make a Comment ( None so far )Downtown San Diego Condos
If you’re interested in purchasing a condo in downtown San Diego, this article in the L.A. Times is an interesting read. It mentions what’s going on with Vantage Pointe and the rest of the downtown market. Nice overview. http://www.latimes.com/business/la-fi-condobust27-2009jul27,0,881890.story?page=2
Read Full Post | Make a Comment ( None so far )New Home Sales Rose Last Month
According to an AP article I found on Newsday.com, new home sales are rising – which may indicate a stronger housing market across the nation. Read the article here: http://www.newsday.com/june-new-us-home-sales-rise-11-percent-1.1329285
Read Full Post | Make a Comment ( None so far )Unemployed?
This may sound obvious, but people should consider the likeliness of their “job security” before purchasing a home or condo. Here is an article from today’s San Diego Union Tribune that discusses the high unemployment rate in San Diego. If you have a good job, be thankful for it. About 1 in 10 are unemployed [...]
Read Full Post | Make a Comment ( None so far )Is the Housing Market Turning?
Here is an article from the San Diego Union Tribune that says that existing home sales increased for the third month in a row – http://www3.signonsandiego.com/stories/2009/jul/23/us-home-sales-072309/. This national news comes only a day after the San Diego Union Tribune reported that June had a 66% increase in foreclosures (see Union Tribune from 7/22/09). Combine this [...]
Read Full Post | Make a Comment ( None so far )Mortgage Legislation Affects Buying Process
Here is an email I received from Clay McFadden at TCS Mortgage today about new changes in the mortgage process for home buyers: Government Regulation Clogs the Pipes It’s no secret that many facets of lending and real estate have changed as a result of [...]
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