San Diego real estate blog - Peter Toner

This has been a rather busy week in the office!! We have had multiple phone calls and emails from our clients wanting to view homes and our agents have been running around like mad! Its been a few days since our last post and this morning we found a pleasant surprise in our “inbox”…. We [...]

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We blogged already about the new FHA loan limits ~ Before you get too excited to use an FHA loan, be sure to check and see if the condo community of interest has been HUD approved!
We can do the research for you to find out if a condo has made the approved list. [...]

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The Bush camp announced more news of government assistance to homeowners struggling with their mortgage payments. HUD’s Federal Housing Administration (FHA) and its new product FHASecure is the government’s latest attempt to relieve some of the pain being felt by those homeowners that have had their mortgage rates adjust from their original teaser rates. The [...]

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A new plan of attack for Market Relief is being discussed on Capitol Hill. The latest proposed plan is estimated to provide $15 billion dollars in “relief”. The plan is still in its infancy and many of the details still need to be agreed upon and approved between the House and the White House. [...]

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Are you one of those just waiting for that perfect bank owned or foreclosure property?
 
Let me tell you - you are not alone! There are many poised for that “must have” deal which just do not materialize that often. It can be very frustrating for buyers who think that they will be the only lucky [...]

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We have added an option that allows you to email your friends and family a link of  homes that you have selected as “Favorites” and ask that they let you know what they think. You can also ask one of our Agent’s to comment and you can add to your own personal comments too.

Your friend [...]

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All markets are cyclical, they are rarely stable - this video from a Southern California real estate consulting group adds explanations. Includes graphs about San Diego real estate.

Posted by Peter Toner

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From the BBC Online:  “Swiss financial giant UBS has reported that its writedowns as a result of the sub-prime crisis have more than doubled to about $37bn (£18.5bn).  It is the largest writedown by any bank since the credit crunch began.”
UBS: $37.4bn
Merrill Lynch: $22bn
Citigroup: $21.1bn
HSBC: $17.2bn
Morgan Stanley: $9.4bn
Deutsche Bank: $7.1bn
Bank of America: $5.3bn
Bear Stearns: $3.2bn
JP [...]

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A recent article on Forbes.com discusses which metro areas in the nation they consider to be the “Riskiest” buys for home purchases. They evaluated multiple sources of data regarding foreclosure statistics, employment growth, volume of sales, vacancy as well as inventory in order to determine which metro areas had the “riskiest” statistics.
Forbes “Riskiest” areas included [...]

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