Month: August 2010
Freddie’s REO Programs
From the reoinsider: Chris Bowden, vice president of the Freddie Mac HomeSteps department, which manages the government sponsored enterprises’ (GSE) REO inventory, said stabilizing neighborhoods will depend on getting first-time homebuyers to buy REO. In a features...
SD’s 13-Month Streak Broken
The sky will really be falling now. The S&P Case-Shiller Home Price Index for San Diego dropped from May's 163.78 to 163.27 in June for seasonally-adjusted numbers, breaking the 13-month streak of slight increases - though the non-seasonally adjusted went up from...
Black’s Beach House
Here is the link to Dale Naegle's website, with the story and photos during construction: http://www.dalenaeglearchitect.com/Site/Pavilion_Story.html In 1960 Sam Bell heir to General Mills (Bell Potato Chips) purchased a summer home with a spectacular view of the...
Life in RE Trenches
This will be extremely boring for most viewers, especially those who hate salespeople. If it gets deleted, you'll know why:
Hope for Homebuyers
Either sellers and agents are starting to pay attention, or the reach of bubbleinfo is improving, because list prices appear to be coming down nicely - hat tip to RE for sending these in: OLD CARLSBAD ENCINITAS LA JOLLA PACIFIC BEACH / MISSION BEACH PT. LOMA CORONADO...
VP Gives Up (Again)
Hat tip to kwaping for sending this along, from the U-T: The developer of downtown San Diego's largest residential highrise said today that it is giving up on trying to sell any of the 679 condos and is returning deposits to dozens of buyers who had been awaiting the...
August Foreclosure Summary
The August foreclosure stats, plus examples of houses that went back-to-bene last week:
Less Than Tripled Here
From the latimes.com, and featured at CR: http://www.latimes.com/business/realestate/la-fi-luxury-foreclosures-20100829,0,479624,full.story "The number of homes in the $1-million-and-up market that have become bank owned has tripled during the last three years in Los...
More Government Resistance
From Bloomberg: The Obama administration plans to set up an emergency loan program for the unemployed and a government refinancing effort in the next few weeks to help homeowners pay their mortgages after home sales dropped in July, Housing and Urban Development...
