While everyone is looking forward to Christmas tomorrow, let's sneak in one last article this year on the MID, this from the Reason Foundation: http://www.mortgagenewsdaily.com/12232013_mortgage_interest_deduction.asp Here are excerpts: The mortgage interest deduction...
North SD County's Coastal Region (La Jolla-to-Carlsbad) The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF November 25 95 $376/sf 47 1,988sf December 2 79 $371/sf 50 2,047sf December 9 72 $383/sf 43 1,954sf December 16 81 $378/sf 42 1,948sf...
From nbcnewyork.com: A pair of realtors are accused in a lawsuit of trying to keep buyers away from a New Jersey home so they could use the place for “sexual escapades” which were caught on camera, according to a news report. Richard and Sandra Weiner of Denville,...
Even though she couldn't have been more negative about the real estate market throughout the year, here's Diana patting herself on the back about predicting all the good news about 2013: http://www.cnbc.com/id/101261686 Here are her predictions for 2014:
Fannie Mae and Freddie Mac are too big, and changes are coming. Beginning on January 10th, the new QM rules take effect - limiting the debt-to-income ratios to 43%, and capping points and fees charged by lenders to 3% of the loan amount. Because lenders will be...
It's probably just the holidays but there are a fair amount of the standard newer tract homes lying around these days. The average pricing is grouped fairly close together between active and sold listings - it appears that buyers are just being very selective at what...
While we are kicking around that affordability thing, let's note that by the traditional measuring of the Housing Affordability Index that we are still better than the last peak. The San Diego index got down to 8 in 2005, and today we are at 27:...
The Fed's taper announcment didn't rile the markets, and so far it seems to be well received. How will impact home sales? Here's what Bill McBride said, "Rates will be low for a long long time ..." As far as the "Appropriate timing of policy firming", the...
We have bantered about why sales have slowed down, and some are jumping on the affordability (or lack thereof) issue as a contributing factor: http://www.car.org/newsstand/newsreleases/2013releases/Nov2013sales LOS ANGELES (Dec. 17) – A run-up in home prices, coupled...
In the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic. It was a slight improvement from 2Q13, when 13.6% of all mortgaged properties were...
