Market and Forecast Updates For San Diego
Are Reverse Mortgages Your Golden Egg ?
May 2nd, 2009 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation
With our economic system in a tailspin, for the older generation hit the hardest by declining fortunes coupled with the rise of unemployment, property values and retirement investments,there may be yet another way for them to tap into the greater amount of their home equity in these hard times.
For home owners that are age 62 or older and have a good amount of equity, Reverse Mortgages may be their Golden Egg that helps them through the tough times and ensures they can stay in their homes.
While there are scores of Reverse Mortgage offerings out there from private companies and even some state and local government types, the federally insured Home Equity Conversion Mortgage might be a good place to start in the discovery of the costs and requirements to see if the idea of a Reverse Mortgage is your Golden Egg.
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San Diego – Recent Rainfall Does Not Relieve Need for Conservation.
December 2nd, 2008 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
San Diego Water Supply
Finally San Diego got some rain. Over 2 inches of it in most places last week. But don’t let this lull you into thinking that the need for water conservation has somehow ended. It hasn’t.
The reservoirs are very low, there are going to be cutbacks in the supply of water we purchase, the water rates are going up again and we will not be able to fill the need for water.
So what does all this mean to you the consumer here in San Diego? It spells the greater possibility of M-A-D-A-T-O-R-Y water restrictions.
For a lot of years running, San Diego, in fact all of California’s population has been exploding. Developments of every sort are filling up the land. People have been migrating in large numbers to California. Meanwhile, we have not added one sustainable drop of water to the supply. Read the rest of this entry »
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San Diego market Statistics June 1 through August 2008
September 11th, 2008 categories: Buying San Diego Real Estate, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
These are the current market statistics for all of San Diego County from June 30, 2008 through August 27th,2008.
This report includes all residential property, Active, Pending, Sold, Expired and Off Market in all price ranges in all zip codes of San Diego County.
In each category is shown the total number of units, the average price and the total dollar volume.
Category # 0f Properties Average Price Total Dollar Volume
Active Listings 18,198 $739,774 $13,462,407.252
Pending Close 6,180 $414,659 $2,562,596,620
Sold Listings 7,219 $462,355 $3,337,740,745
Expired 2,619 $684,376 $1,774,482,468
Cancelled 2,881 $581,813 $1,676,203,252
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Where Are We Headed In The Housing Markets For 2008
December 31st, 2007 categories: Investing in San Diego Real Estate, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News
It is now time to refocus my energies here to provide you with some insight and perspective as we begin anew to redefine the characteristics of the current housing market and where we are likely headed in 2008.
Looking back, 2007 has been a most unusual year. The housing market has seen a lot of correction and some real disappointments coupled with some mostly obscured indicators that the market is actually improving.
As we begin this year that will have the media being dominated by election year prognostication, there will also be many words printed about the housing market and the direction the media intends to emphasize as the year progresses. There will no doubt be further effort to undermine any efforts of recognizing this market as a glass half full. But the best investors world wide have always recognized the golden opportunities that lie at the heart of the medias effort to portray any weakness in the markets as death knells. The best usually pick up the gauntlet and run with it to find even more new riches at the expense of the weakened and weary current holders of the assets.
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Chief Economist with Moody’s.com Makes Headlines around the US
July 27th, 2007 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Market and Forecast Updates For San Diego, San Diego Real Estate News, Selling San Diego Real Estate
I wrote about Fannie Mae and Freddie Mac Titled Aunt Fannie and Uncle Freddie are Coming To The Rescue€¦, yesterday getting more involved in trying to help with the sub primes crisis. It was as most of my writing is, a positive news item. Late yesterday after I posted that piece, I received notice and an article written that included Mark Zandi comments. Mark Zandi is the chief economist with Moodys .com. The article was titled Subprime could create global crisis
This mornings headlines in Business news around the country contain his projections for the bottoming out of home prices to continue through 2008 with credit problems to remain elevated well into 2009.
Many of my ActiveRain readers compliment me for finding the positive in our markets and usually highlighting the glass half full scenario instead of the opposite viewpoint.
The stock market over the last few days is responding to the Moodys study which Mark based his forecast on. Read the rest of this entry »
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