San Diego real estate blog - Peter Toner

Most mortgage lenders and other bank services won’t offer clients accounts that feature self-direct IRAs, using real estate investments instead of traditional stocks and bonds.
However, an increasing number of Realtors are investing time in studying the benefits of investment property and can help buyers find good deals on real property that is predicted to appreciate. [...]

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HUD (U.S. Department of Housing and Urban Development) is the nation’s housing agency committed to increasing homeownership. Secretary Alphonso Jackson encouraged families all over the country to make buying a home this new year’s resolution. He calls the goal a manageable process for those with a steady salary, good credit, and a few long-term debts. [...]

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Freddie Mac introduces new home loan options for challenged home-buyers: The new “Home Possible Mortgage” offers borrower education, delinquency counseling, zero and three percent down payment plans, and flexible credit requirements. These plans offer 100 or 97 percent loan-to-value mortgages for single family homes (and in some cases 3-4 unit properties) with no-cash-out refinancing. Borrowers [...]

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Definition, BOOM: commonly measured as a 30 percent or greater increase in inflation-adjusted (real) home prices during any three-year period.
Definition, BUST: measured as a 30 percent or greater decrease in a three-year period.
The nation’s housing price boom has noted an increase in prices of nearly 50% over the last five years. Last [...]

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Realtors make suggestions for hot 2005 house market
A general prediction is being made that price battles might well continue in the 2005 housing market. In order to be a prepared buyer, some agents suggest doing the research to best be prepared for a successful escrow.
• Understand the competition. Many buyers are either Baby Boomers or Echo [...]

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It’s sometimes surprising to visitors from out of town that there are so many well known companies that are headquartered here in San Diego County. Here are some of them:
 

Triad Exchange, Inc. - A full service, leading international market management agency for clients opening new markets, gaining market shares in existing companies, and managing markets [...]

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Single family homes in Carmel Valley: New listings reached the years high in May. That same month, inventory reached its third lowest point in the year. This would indicate that while homes were rapidly coming on the market, they were selling very quickly, leaving inventory low. Not surprisingly, May was also the [...]

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End of year Median Home prices can’t estimate buyer’s or seller’s market
At the 2004 year end, San Diego’s median home prices hit a record high of $459,000, making San Diego County among the nation’s five most expensive housing markets. The inflation that rose since year end 2003 put home prices on an increase of $281 [...]

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