San Diego real estate blog - Peter Toner

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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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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 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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Proposed being the key word. Congress is actively working on passing legislative that they believe will assist our nation’s housing market and in doing so stimulate the economy.
The conforming loan limit currently is set at $417,000  - anything over that figure is considered a “jumbo loan” at higher interests rates. Although that amount may be [...]

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It’s expected, even in “good markets” - December is always a slower time of year for the San Diego Real Estate market. This past December was no exception, the traffic we had to our web and blog sites slowed quite a bit. Many forecasted the diminished activity would o continue through the holidays and on through the beginning months of the [...]

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•  Make Your Mortgage Payments – If you find yourself in a pickle and unable to make your payment, call your lender immediately! The key is to talk with your lender BEFORE you are late. Generally, if you call the lender before you are late they will allow you some extra time to make the [...]

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The strength of the British pound, the Euro and the Canadian dollar vs. the American dollar can explain the growth of interest we have recently experienced from overseas buyers – in particular the Brits and Canadians interest in the real estate market of San Diego.
Potential buyers have been contacting us to weigh up the pros [...]

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We all had hoped that the news of the pending mortgage crisis was just a lot of media hype, but alas it is very real and very much an issue we must all contend with. It’s about time the government stepped in and helped this unraveling industry out!!
This week there finally appears to be a [...]

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…. isn’t it great when the press quotes you personally about noteworthy San Diego real estate news! Here is the link - full story here.
Posted by Peter Toner, specialising in upper end sales - La Jolla, Del Mar, Rancho Santa Fe.

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An article written in the North County Times on June 4, 2007 discusses the rise of real estate mortgage scams and the effects it has on foreclosures in the county.
In the article staff writer Bennett interviews a San Diego real estate appraiser turned mortgage fraud investigator named Todd R. Lackner. It was last March [...]

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The City of Carlsbad is a unique coastal community located 35 miles north of the City of San Diego - it was incorporated on July 16th, 1952. This beautiful area is surrounded by mountains, lagoons and the Pacific Ocean. This orientation allows for many ocean-view homes and lower cost real estate within the [...]

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If you would like to live an urban lifestyle in a central location, you should consider investing in downtown San Diego real estate. Downtown San Diego is evolving into one of the most exciting urban districts anywhere. It is a desirable place to live, work, shop, learn, and play. It’s nestled between Balboa [...]

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