Sunday, December 11, 2011
Sunday, December 4, 2011
Saturday, November 26, 2011
Sunday, November 20, 2011
Sunday, November 13, 2011
Wednesday, November 9, 2011
Sunday, November 6, 2011
Tuesday, November 1, 2011
Monday, October 31, 2011
Sunday, October 23, 2011
Sunday, October 16, 2011
Sunday, October 9, 2011
Sunday, October 2, 2011
Sunday, September 25, 2011
Sunday, September 18, 2011
Sunday, September 4, 2011
Wednesday, August 31, 2011
Monday, August 29, 2011
Sunday, August 21, 2011
Sunday, August 14, 2011
Sunday, August 7, 2011
Monday, August 1, 2011
Monday, July 25, 2011
Monday, July 18, 2011
Sunday, July 10, 2011
Sunday, July 3, 2011
Sunday, June 26, 2011
Sunday, June 19, 2011
Wednesday, June 15, 2011
It is time to invest in California Real Estate
Investors are back in the market, and they are investing in fix and flip properties. Let me help you find the right investment.
The Foreclosure Report – May 2011
Time To Resell In May 2011 Improved for Investors
Third party investors resold the homes they previously purchased at auction at a faster pace throughout our coverage area. As the most sophisticated and motivated homesellers in the marketplace, these investors provide an important indicator as to the health of the entire housing market. While the statistic is encouraging, it’s too early to tell whether it is a turning point from the otherwise recent downward trend within the housing market.
Sunday, June 12, 2011
Wednesday, June 8, 2011
Sunday, June 5, 2011
Thursday, June 2, 2011
What Double-Dip?
I am seeing homes sell and prices moving up on the lower end. That is not a double dip! Are home prices still adjusting? You bet, and there are some really good deals out there. So drag out that check book and buy while you can.
It’s Thursday morning. Do you know where your home price index stood this week?
According to Case-Shiller’s famous monthly index for March (it’s actually an average of three months), the nation’s housing was double-dipping, with a 4.2% decline in the first quarter. Home prices in 18 cities of their 20 tracked dropped in March on a monthly basis; 12 hit new lows.
A day later CoreLogic’s release of its index for April (also a three months average) suggested: maybe not, or maybe not any more. Their home price index showed a 0.7% increase between March and April, the first increase in this index since the homebuyer tax credit expired in mid-2010.
What’s going on?
Both use a repeat sales method. Methodology-wise, not much difference unless you are a statistics junkie. Ok, there is a difference; Case-Shiller seasonally adjusts while CoreLogic does not. Nobody cares.
More importantly, the CoreLogic index is a little bit timelier covering three months ending in April versus Case-Shiller’s March number. So one could reflect winter’s discontent, while CoreLogic’s Index the green shoots of spring? OK, one swallow does not make it spring. But for every spring there is a first one.
In this context, it is interesting that CoreLogic produces another index. It excludes distressed sales from the equation, which makes this index just a little bit more interesting. Distressed sales are REO sales, short sales etc. Note:
- Year-over-year U.S/ home prices including distress were down 7.5% in April. Without distress, CoreLogic’s index for the nation was up 0.5%!
- Closer to home, for single-family homes and including distress the 12-months changes were -5.7% in Los Angeles; -3.77% in Orange County; and -4.34% in San Diego County. Double-dippy.
- Excluding distress, 12-moths changes registered +2.75% in Los Angeles County, -1.57% in Orange County, and 1.15% in San Diego County. OK, it’s not be quite spring time for Orange County, yet.
Clearly, the CoreLogic numbers show an interesting delineation. They may reflect the difference in quality of foreclosed homes versus non-distressed homes. They also could suggest that the fabled “turn” in the housing market may arrive first in the regular, non-distressed housing markets.
Wednesday, June 1, 2011
Sunday, May 29, 2011
Wednesday, May 25, 2011
Sunday, May 22, 2011
Saturday, May 21, 2011
Incentives Cost You!
Be very careful if you want to use this program. Freddie Mac is over charging for the homes and for the loans. Work with an agent you can trust. If you want the home, and don't mind overpaying, then this is a great program!
I will be glad to help you find a home that qualifies! Then we can look at ALL the choices together.
Freddie Mac offers incentives on REOs
$1,200 bonus to buyer's agents on sales that close by Sept. 30
Hoping to boost sales of foreclosed homes, Freddie Mac is offering up to 3.5 percent in closing-cost assistance to homebuyers and a $1,200 bonus to buyer's agents for offers on HomeSteps properties received by July 31 with escrow closing on or before Sept. 30.
On the purchase of a home priced at $150,000, for example, HomeSteps will pay up to $5,250 toward closing costs. Investors are not eligible for Freddie Mac's HomeSteps summer sales promotion -- only homes sold to owner-occupants qualify.
Thursday, May 19, 2011
Wednesday, May 18, 2011
First Time Home Buyers in San Diego Assistance Programs
There are some really good programs out there for a first time home buyer right now. Check this out.
Sunday, May 15, 2011
Tuesday, May 10, 2011
Monday, May 9, 2011
San Diego seems to be in better shape than the rest of U.S.
In San Diego, the banks are controlling their inventory, and dripping out less than a 2 month supply at any time. There are plenty of bank owned properties, they just are not hitting our market.
National Home Prices Double Dip
Home prices have double dipped nationwide, now lower than their March 2009 trough, according to a new report from Clear Capital.
It was inevitable, and it was predicted (by me for sure) that a surge in sales of foreclosed properties and a big push by banks to facilitate short sales would force home prices down dramatically.
Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 percent quarterly and 5 percent year-over-year. National home prices have fallen 11.5 percent in the past nine months, a rate not seen since 2008. Add short sales, where the bank allows the borrower to sell for less than the value of the mortgage, and prices have nowhere to go but down.
Sunday, May 8, 2011
Tuesday, May 3, 2011
Monday, May 2, 2011
Thursday, April 28, 2011
Sunday, April 24, 2011
Friday, April 22, 2011
Tuesday, March 15, 2011
San Diego Real Estate Market March 13, 2011
Now is a great time to buy in San Diego, Work with a Realtor that knows the market. Joan Wilson (Realtor) California Cool 4 Sale Prudential California Realty Direct: 760-757-3468 - 800-975-7481 x 111 JoanWilson@prusd.com
First time home buyers seminar http://JoanWilsonRealtor.com/First_Time_Home_Buyers.html