Another newer-tract-house REO in Calaveras Hills in Carlsbad, where they've had their share of foreclosure activity. But the market seems to firm up around the $200-per-sf level:
Calaveras
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Year: 2010
Mortgage-Rate Jitters
Mortgage rates spiked up in the last two days, here's an excerpt from Adam at MND: Tensions remain high in the primary mortgage market as mortgage rates have extended their losing streak. We're in a tough spot here... The best conventional/FHA/VA 30 year fixed...
Flopping – Fraudulent Short Sales
Hat tip to SM for sending this article from the Arizona Republic - here's an excerpt: "Flopping is the opposite of flipping," said Amy Swaney, regional Arizona sales managers for Citywide Home Loans and a past president of the Arizona Mortgage Lenders Association. "It...
RSF Village REO
It's not easy finding a newer 3,060sf home in the village of Rancho Santa Fe for $1,050,000:
Big Down Payments Still King
It gets mentioned regularly how the demographics don't support the housing prices around here. It makes you wonder, how can so many expensive homes keep selling when the San Diego median income is around $60,000 - doesn't something have to give? We've seen it...
Coming REO Attractions
Double-Dip Watch
What are the ingredients for a double-dip? We could say that declining sales would be a precursor, and a downward trend in pricing would be an obvious sign. But the best signal would be houses on the market but not selling, listed for the same of lower prices than...
Squatters Hard to Evict in CA
Hat tip to RE for sending along this U-T article describing a big mistake that often happens - buyers closing escrow with the occupants still residing in the house. Verify the house is vacant before closing! Ed Struiksma, the onetime San Diego councilman and acting...
More F-Trail
More On House Cracking
REDC has also taken their regular auctions on-line at their website, Auction.com. This house will be featured there, beginning November 27th - it's now listed for $549,900:
