This youtube video shines the spotlight on Carlsbad's La Costa Oaks development, one of the four villages subdivided by Morrow Development (La Costa Valley, La Costa Greens, and La Costa Ridge are the others). As with other tracts sold at the peak, there is plenty of...
Year: 2010
More Crappy Condos Coming
From NMN: Fannie Mae wants out of its defaulted residential mortgage holdings as quickly as possible and is warning loan servicers not to stand in its way. The government-sponsored enterprise notified servicers Tuesday that it will begin monitoring them to determine...
Taxpayers Need You
This is a decent business opportunity for the right people, for just $695,000:
Back-to-Bene Doubled Since June
The amount of properties being foreclosed is still lower than the last two summers: Jun-Aug Back-to-Bene 3rd-Party Buys Total # of SD properties foreclosed 2008 5,685 186 5,871 2009 3,284 916 4,200 2010 2,211 901 3,112 But at least the recent trend is heading in the...
August Sales
The late-reporters will add about 10% to these numbers, but it looks like the overall sales will continue their downward trend. When you drill down to the individual zip codes, it's a mixed bag, but good to see 92067 slip under $400/sf for the third time this year. ...
Solana Beach Custom
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: