August 2008 - Posts
Housing industry observers expect that prospective buyers will scramble to take advantage of seller-funded down-payment assistance before a federal ban on such programs takes effect on Oct. 1. The federal housing bill signed into law in July sews up a
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Southern California home sales rose last month for the first time in nearly three years, as steep discounts lured buyers back into a market where values have tumbled 31% over the last year. Sales volume was up 13.8% overall from a year earlier, with Riverside
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According to Economy.com, San Diego home p rices have dropped 9.8% this year. San Diego also ranked No. 9 in foreclosures in the nation. This is due to a high percentage of adjustable-rate loans that were typical in many of California’s most overheated
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A slowing housing market isn’t stopping closing costs from rising, according to a study by Bankrate.com. The 2007 average closing cost of $2,736 has gone up to an average of $3,118 in 2008, a 14 percent increase. New York City at $4,016 is the most
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Under the new housing bill, homebuyers who have not owned a home in the last three years will be eligible for a tax credit equal to 10 percent of the property up to a maximum of $7,500. Here’s how it works: The credit is $3,750 for married couples
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Foreclosure rescue scams, in which con artists prey on struggling homeowners, are becoming more of a problem, according to the Federal Trade Commission. The FTC has already filed three major foreclosure rescue cases this year, compared with zero a year
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READY FOR YOUR PERSONAL TOUCHES • 1,640 sq. ft., 2 bath, 3 bdrm single story - $750,000 - GREAT CANYON PROPERTY.... University Heights, San Diego - WONDERFUL CANYON HOME LOCATED IN THE HISTORIC MISSION CLIFFS GARDENS IN UNIVERSITY HEIGHTS! This home
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California 's battered homes market may be hitting bottom, suggesting a national housing recovery may follow, veteran banking analyst Charles Peabody said on Friday, citing a rebound in home sales as renters become owners. In many parts of California,
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