MCLEAN, Va., Aug. 8, 2012 -- Freddie Mac released today its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought and an important reason why is the rate at which excess housing is...
Month: August 2012
CV South of 56
Some compromises can be addressed. You can pinpoint the cost of improvements, and conduct a thorough interview of the neighbors to handle a couple of concerns here. Others aren't so easy:
Tiburon
The owners had lived in Tiburon, California for many years, dreaming of one day transforming their low, one story home into a setting befitting their spectacular site perched above San Francisco Bay. Their dreams began to be realized in 2005 with the design of a 2000...
Exotic Financing for Schools
An excerpt from the Will Carless article at the Voice of San Diego - hat tip to several readers! The Poway Unified School District may be California’s poster child for exotic school bond financing, but it is by no means alone in San Diego County. As I detailed in my...
Sign Here for Principal Reduction
An excerpt from this article in HW: To provide relief more quickly under the settlement, Chase executives are addressing the borrower fatigue with a letter sent to borrowers notifying them that their loan was refinanced into a new mortgage with a lower interest rate....
NSDCC Summer Inventory
It was reported yesterday that inventories across the country have been approximately 23% lower than last year. How has it been lately around our North SD County Coastal region? This year's summer count of detached new listings is only 14% fewer than last year. ...
Shiller: Not Comfortable Yet
From the wsj.com: Many indicators are pointing to a bottom forming in the housing market. New-home inventories are at historic lows. Home-builder sentiment has finally turned the corner. And finally, home prices have ticked up for four months in a row on a...
Almost Done With Cheese?
Hopefully this will signal the winding down of the government's bailout attempts - maybe just another year or two of flailing? From HW: Mortgage servicers started just 16,321 three-month Home Affordable Modification Program trials in June, the fewest since the...
Congresspeople Underwater
From the latimes.com: SACRAMENTO — State lawmakers typically keep modest quarters near the Capitol to use when they're in town, with help from their tax-free expense allowance of $28,000 a year. Assemblyman Tony Mendoza bought a three-bedroom home instead, paying...
Carlsbad McMansion
When Carlsbad houses try to compete with Carmel Valley, they better bring a little extra to the table.