tag:blogger.com,1999:blog-56523308976419812912011-07-30T18:41:06.693-07:00The latest real estate news for San Diego CountyDavenoreply@blogger.comBlogger121100tag:blogger.com,1999:blog-5652330897641981291.post-67253649154187708542010-04-16T14:24:00.000-07:002010-04-16T14:25:26.313-07:00

A new law signed by Governor Arnold Schwarzenegger on Monday will provide relief for some homeowners in distress. Senate Bill 401 eliminates the state tax on debt forgiven by banks in a short sale, loan modification or foreclosure. Before the law was passed, homeowners were responsible to pay taxes on "phantom income" -- the difference between the original loan amount and the amount the

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-55798901271878248592010-04-02T08:03:00.000-07:002010-04-02T08:03:55.455-07:00

Home prices in the United States continue to improve, according to the latest Standard and Poors/Case-Shiller Home Price Indices released this week. The report measured prices through January on two composites, a 10-city composite and a 20-city composite. Both composites showed annual home price improvement. As of January 2010, home prices nationwide averaged levels similar to those of autumn

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-31821617022173764962010-03-29T13:19:00.000-07:002010-03-29T13:19:04.706-07:00

California homebuyers will still have access to a Homebuyer Tax Credit when the federal tax credit expires at the end of April.  Last week Governor Arnold Schwarzenegger signed California's Homebuyer Tax Credit into law.  It extends a statewide program that ran out of funds at the end of last June.  The $10,000 credits can be used by first time buyers and repeat buyers who have lived in their

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-40982419842181245612010-03-23T20:33:00.000-07:002010-03-23T20:33:51.000-07:00

Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial declines: Where prices will rise: • Santa Rosa, Calif., 6.0 percent • Cheyenne, Wyo., 4.7 percent • Kennewick, Wash., 4.6 percent • Merced, Calif.,

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-19254054566152683022010-03-19T16:37:00.000-07:002010-03-19T16:37:23.832-07:00

The decline in home sales in February was a disappointment to the housing industry, but Fannie Mae’s analysts say it is temporary and a sustainable turnaround is likely by the end of the year. Fannie Mae Chief Economist Doug Duncan points to evidence that a recovery is on its way, including an increase in consumer spending, an improving service sector, and the likelihood that employers will

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-10825539710600473622010-03-17T05:47:00.000-07:002010-03-17T05:47:32.068-07:00

Last week the California Association of Realtors released their annual State of the California Housing Market Report. Among the findings: • Last year 47% of all homes sales were to first time buyers – the highest percentage since 1995 and well about the historic average of 38.6% • More than half of those first time buyers bought a home in distress, either a bank owned property or a short sale

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-76762123051140610012010-03-15T06:29:00.001-07:002010-03-15T06:29:58.590-07:00

How’d you like to pay off your 30-year mortgage in 17 years? It is easier than you think. If you simply make one extra mortgage payment a year, you’ll trim about 13 years off the term of your loan. So how do you come up with that extra payment? Here are a couple of tips: 1. Apply your tax refund to your mortgage 2. Each month add an additional 8% to your mortgage payment 3. Pay half your

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-49669168588371733122010-02-24T06:34:00.000-08:002010-02-24T06:34:43.203-08:00

You may have heard that now is a good time to buy a home.   There are a number of reasons for that, among them: near historic low interest rates and tax credits for first-time and move-up buyers.  Those are among the same reasons it is a good time to sell. The tax credits, $8,000 for first-time buyers and $6,500 for move-up buyers, and low interest rates are compelling many people to move into

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-45262703572650888192010-02-01T20:20:00.000-08:002010-02-01T20:20:12.020-08:00

You may have heard of the federal government's First Time Buyer tax credit, but did you know that the government also has a tax credit for current homeowners looking to buy another home?  "Move-up" buyers can qualify for a $6,500 tax credit when they buy a new home (the First Time Credit is $8,000). Here are some of the specifics about the move-up buyer credit: To qualify a home owner must have

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-85455527230633922352009-12-11T15:49:00.000-08:002009-12-11T15:52:18.656-08:00

Chances are someone you know is having difficulty paying their mortgage, and maybe even facing the possibility of foreclosure.  The truth is they are not alone. Today, 1 out of every 10 homeowners in the Unites States is behind on mortgage payments. These are tough and frustrating times.  It's important to identify options. Foreclosure can be avoided, credit can be saved, and financial futures

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-89324129670192415092009-12-05T12:32:00.000-08:002009-12-05T12:32:54.420-08:00

Did you know that you might be able to reduce your property taxes? Property taxes are due in a couple of days (they are actually “due” November 1st, but they are not delinquent until after December 10th). If you have an impound account you have been paying toward your taxes each month. If you don’t, you’ll have to send the County Assessor a check. In California your taxes are based on the value

Davenoreply@blogger.com0tag:blogger.com,1999:blog-5652330897641981291.post-35206725630940769772008-05-02T19:27:00.000-07:002008-05-02T19:30:06.203-07:00

If you pay attention to the news lately, you are undoubtedly concerned about the housing market. The news paints a picture of hoards of homeowners losing their homes to foreclosure. It tells the story of “evil” subprime mortgages destroying the American dream. It peddles the fear of declining home prices and the inability of anyone to obtain a home loan.Be careful what you believe. Having spent

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