HOME SALES UP, PRICES DOWN IN 2011 Single-family, re-sales home sales were up 2.5% last year in San Diego County. Unfortunately, after a nice gain of 7.1% in 2010, the median price was down last year. The median price for homes dropped 5.3%. The average price dropped 3%. Condo sales in the county were down […]
Wouldn’t it be great if all choices were easy? Choice A is good, choice B is bad, so we would pick choice A. But what do you do when both choices are bad? This video offers some help.
The real estate market in San Diego is so uncertain – should I rent or should I buy? The following video gives a financial breakdown of both and explains how to build some certainty in your life.
I’m often asked, “What is the best real estate invesment in San Diego for cash flow?” This video will answer that questions for you!
While we were in Victorville working on a rental property, we stayed at the Hilton Garden Inn. Crystal pointed out that there were no napkins to go with the cookies and the employee behind the counter said “Thanks for bringing that to my attention.” Wow! How refreshing that was! Most of the time we’re dealing […]
Sometimes I feel like I’ve entered the Twilight Zone, that I’ve been transported into a parallel world where different rules apply. Consider this recent news release: “Fannie Mae announces “Deed for Lease™” program Fannie Mae last week announced a new Deed for Lease™ program.Deed for Lease allows borrowers to transfer their property back to […]
The Home Affordable Modification Program (HAMP) is the government modification program that President Obama put into place. This program is only available for owner occupied residences. It requires that a homeowner make 3 payments on a trial basis before Servicer can process the modification to see if it can become permanent. HAMP is designed to […]
The median home price in California will rise 3.3 percent to $280,000 in 2010 compared with a projected median of $271,000 this year, according to C.A.R.’s “2010 California Housing Market Forecast,” presented today at CALIFORNIA REALTOR® EXPO 2009 in San Jose. Sales for 2010 are projected to decrease 2.3 percent to 527,500 units, compared with […]
Get this – Rather then bringing in a down payment of at least 20 percent, you might find that a smaller down payment gets you a better interest rate! According to the New York Times: “Rules put in place in late 2008 by Fannie Mae and similar rules adopted by Freddie Mac are less favorable […]
IRS to mine payment data on mortgages The Internal Revenue Service (IRS) will study whether it should make greater use of data on mortgage-interest payments provided to it by banks. The program, which searches for inconsistencies between mortgage payments and income, is currently used to send notices to non-filers who it believes should have filed […]