Last week's housing news led with the Census Bureau's report that building permits for private housing in August were at a seasonally adjusted annual rate of 569,000, which was 8 percent above July's revised rate of 559,000. Permits for single-family homes in August were at a rate of 401,000, whi
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09/27/2010
September 2010 real estate activity in Rancho Penasquitos is still reacting to the end of the tax credit housing stimulus. We see mixed results between single family homes and condos / townhomes. Single family homes are mostly in a seller's market, although the number of sales have dropped. Co
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09/25/2010
Last week we saw rates move significantly but ended the week with rates essentially unchanged. The week's data began on Tuesday with Retail Sales, which came in better than expected but interest in bonds remained strong as prices seemed to be correcting themselves after selling off the previous w
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09/23/2010
With all the tough gloom and doom talk out there, it might be hard to believe this, but now has never been a better time to buy a home. True, the economy is in recession, but a quick look at the real estate market - and especially a look at home financing history - will clearly demonstrate that i
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09/15/2010
American consumers are using less credit, according to the Federal Reserve, which reported last week that July's total consumer credit decreased at an annual rate of 1.75 percent. July's total consumer credit was down $3.9 billion from $2.42 trillion. The big drop was in credit card use, with re
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09/13/2010
California and many other states have just lived through another real estate bubble, this one caused by the extension and expansion of the first time home buyer tax credit giving $8,000 to first time home buyers and $6,500 to existing home buyers. As the April 30 deadline to get under contract d
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09/10/2010
It should come as no surprise that Rancho Santa Fe real estate is pricy However, these luxury homes take a long time to find the right buyer, especially once you get past the $1.5m mark. This is due in large part to the current lending environment. The big winner here is the buyer who is willin
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09/08/2010
Mira Mesa real estate is _hot_. It is clearly a seller's market through and through for single family homes, condos, and townhomes. The apparent blip in the $350-400K range for condos is because last year there was only one sale in this price range and today there are two units on the market (t
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09/07/2010
The seasonal slowdown for Autumn is not yet showing in the Carmel Valley real estate months of inventory. It is a hot, seller's market for condos and townhomes in nearly all price ranges. Similarly, single family homes are also in high demand through about $1,250,000. Not unexpectedly, it is st
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09/07/2010
The seasonal slowdown for Autumn is beginning to show as the San Diego real estate months of inventory begins to climb. Entry level housing, both single family homes and condos / townhomes are still in great demand and are firmly in a seller's market. As prices increase above the conforming loa
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09/07/2010
