From sddt.com: Add another data point to housing’s ongoing bounce along the market bottom. Sales activity of existing homes in San Diego County slipped on a monthly basis in October, falling roughly in line with its year-ago level, according to recent data. The San...
From Originator News: Bank of America is working "very hard" on a short sale-to-lease program for distressed borrowers who don't qualify for government-backed refinance programs. But the much-maligned bank won't move forward until it gains assurance from regulators...
Hat tip to DOB for sending this in, from AdvisorOne: After years of housing market decline that has weakened the economy and depressed consumer sentiment, a number of analyses are strongly suggesting that a turnaround in the beaten sector may finally be at hand....
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than...
While you'll deserve the three minutes of your life back after watching this NAR video, at least our president says he is looking for answers. The NAR Expo is in Anaheim next month, so I'm going to take him up on his offer when he is here and deliver recommendations...
From sddt.com: The outlook for California's residential real estate market may be dubious, but there are some bright spots in San Diego County. Leslie Appleton-Young, California Association of Realtors chief economist and Robert Kleinhenz, CAR deputy economist,...
Hat tip to daytrip for sending in this article from Reuters about the alleged appraisal problems. These people need to buck up and get a life - low appraisals are the realtors fault for not supplying enough good comps to justify the price: When Sean McGowan signed a...
From Channel 10: An architectural marvel that has become one of the most photographed homes in the country is now on the auction block. The 11,000 square foot home dubbed "The Razor" is hollowed out from the cliffs over Black's Beach. It boasts floor-to-ceiling glass,...
From dailyfinance.com: By the end of the year, financial-services-technology firm Fiserv expects housing prices to stabilize in two-thirds of metropolitan areas, according to the latest analysis of home prices in 380 U.S. markets - based on the Fiserv Case-Shiller...
Hat tip to Kwaping for sending this along from the U-T: With a roiling stock market and stagnant housing market, it may seem premature to think about another boom and how to cope with a potential housing shortage in San Diego County. But that’s what area builders of...
