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.