Each year Inman News hosts the Real Estate Connect conference to "bring together the innovators, technologists, visionaries and risk takers who will define real estate's future." This year's best new product, in my completely biased opinion, is FinestExpert.com. Full disclosure... this is my b
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07/28/2009
There are two parts to the market health that we have all been watching, price and quantity of sales. The following chart shows the average number of detached home sales in San Diego, on a per month basis. The error bars indicate +/- 1 standard deviation. We can see that our lowest point, both
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07/24/2009
I was completely blown away the other day when, with an asking price of $126,500, our asset manager decided to take an all cash offer of $110,000 over a $140,000 FHA offer. The net difference on the offers was a little over $25,000. Ok, so the loan may take an extra 30 days beyond the cash offer
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07/24/2009
Part 1 of Has the San Diego Housing Market hit bottom? showed the median priced home 15 year trend. It appears as if there is a huge jump in prices in the past several months, since March 2009. Looking only at the large time series chart, I have to wonder whether or not we are just looking at a
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07/18/2009
Where are the hot residential real estate deals in San Diego? Well, take a look. The attached composite image comes from http://www.FinestExpert.com where I did a search for: Price discount of at least 25%. Cash on Cash Return of at least 8%(For the renters and potential first-time homebuyers,
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07/18/2009
Everyone wants to know when we've hit bottom... and many people, including NAR's chief economist have called bottom much too early. But, today, I say, "Yes, San Diego has hit bottom" with a few caveats, such as all the shadow inventory we hear that the banks may have is not simply dumped on the
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07/18/2009
In addition to handling the REO side of things, we've been working with a company servicing the banks on the pre-foreclosure end of things. As a quick example, we go out, in person, to distressed homeowners to help keep them in their home - such as people who have completed the full loan modific
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07/18/2009
We've have complained about it to anyone who would listen. And I guess it must have been more than just us, because they've finally gone back to 125% LTV as part of the Home Affordable Refinance Program (HARP). This has been a long time coming for our borrowers who are faithfully making their p
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07/08/2009
