San Diego real estate blog - Peter Toner

We often hear from our clients such things as ~  “I think I’ll just wait and see what happens” or “Isn’t it a buyer’s market” or “Let’s wait and see if the price goes down anymore” ~  All are credible reasons to wait in today’s real estate market. But what happens when you sit on [...]

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The turmoil facing the lending industry has caused a lot of concern and alarm amongst consumers. With all of “these” lenders going bankrupt, many are unsure of what lending companies to turn to for their mortgage needs.
Even within our own company we are seeing changes. Our affiliate lender First Capital was recently acquired by HomeServices [...]

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 We have received a lot of inquiries about short sales. The question is usually “Are short sales worth the headache?” Whether or not the process will be a headache all depends on who you are working with. An agent who’s never done a short sale might make the process more painful than necessary, while one who [...]

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Had a recent enquiry about home prices in Rancho Santa Fe - here is what I told him:
“It’s true that there are some motivated sellers still out there – but the market in 92067 and 92091 is not dead by any means and seems to be holding up relatively well with 20 sales currently in [...]

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The current wave of mortgage defaults and delinquencies has distressed our country’s lending industry. Not only are the small banks shutting their doors, but the major banks are also feeling the pinch, some even choosing to sell out to their own competitors.
In a recent article written by Lew Sichelman in the Union Tribune, its estimated [...]

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Did you know the Fed’s recent rate cuts in the last month have exceeded all cuts made over the entire last year?  Yes, in the last 30 days the Fed’s have cut the rates more than they did over the past 365 days by a total of 2.25% ! Let’s hope they know what they [...]

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