New data shows U.S. homes prices increasing at the fastest pace since the height of the last boom, so how much more room is there to grow for those buying a home today? The latest statistics from the S&P Case-Shiller Index shows the biggest year over year gain in U.S. home prices in 6 years,...Read More
The media might make it sound like an impossible mission to take out a mortgage loan today and many individuals, real estate agents and real estate investors have become fearful of taking on any form of debt, much less a big, long home loan from the nation’s now notorious banks.Read More
Should you consider taking out a second mortgage to tap your home equity or is that just setting yourself up for foreclosure? Despite there still being 11 million U.S. homeowners underwater according to CoreLogic home equity loans continue to make a comeback.Read More
Mortgage delinquencies may be declining but that doesn’t mean they are over by any means... Credit bureau Transunion reports that mortgage delinquencies dipped 14% in 2012. Of course it’s no secret that banks and mortgage lenders have been tightening up underwriting and credit standards for years too, which ought to lead to fewer foreclosures ahead.Read More
A new bailout for America’s homeowners has just been announced, but this one is different. Who will it help and what does it mean for those left out in the cold? The new ‘bailout’ announced by mortgage giants Fannie Mae and Freddie Mac isn’t like any of the foreclosure prevention programs we’ve seen so far,...Read More
Does legitimate creative financing exist or is it all just a varying shade of mortgage fraud? There often ‘appears’ to be a very fine if not fuzzy line between begin creative with financing and committing illegal mortgage fraud. Many real estate investors and home buyers struggle with this and find themselves on a tightrope walk...Read More
Freddie Mac’s chief economist was just in San Diego for the annual American Economic Association meeting and gave his predictions for the housing market in 2013...Read More
Despite higher taxes being a part of the new fiscal crisis bill, could the new deal actually help boost the San Diego real estate market? Obviously the last minute deal didn’t offer the outcome everyone wanted but it is certainly far less damaging than it could have been if we fell off the fiscal cliff....Read More
With a stellar year anticipated for the U.S. housing market in 2013 how can real estate investors make the most of the surge? Regardless of the outcome of negotiations surrounding the fiscal cliff and how well the U.S. economy performs in the next 12 months the real estate market ought to continue to see impressive...Read More
Are San Diego foreclosures really declining or is it all more statistical tricks, in an attempt to make the market look healthy? The latest round of figures from DataQuick and UT San Diego show a steep and steady decline in the local foreclosure rate. The figures show a 15% drop in notices of default being...Read More
