Record-Breaking Increases in Mortgage Delinquencies suggest the mortgage mess may continue for some time. Recent increases may be due to the economic downturn.
Articles Tagged ‘market conditions’
Stimulate Investment to Revive Housing:
The Fed announced that it is considering a more direct intervention in the housing market with a plan that could drive NEW mortgage rates as low as 4.5%. Low interest rates on NEW mortgages are certain to result in additional buying activity, but will it be enough to make a difference? If the Fed limits these low rate purchase loans to owner occupied housing only, then it may not be enough.
San Diego homes on sale: 1/3 off!
Real Estate News for September: Everyone loves a sale, and the price declines in the San Diego real estate market over the last year have finally resulted in a surge in sales. September’s home sales were nearly doubled when compared to last September
Mixed Real Estate News for August
The August Market Report is now available on my website. The market numbers show a 15% increase in sales compared to last July, the first such increase since 2005. While this is good news, the median pricing shows a 30% decline, which is primarily due to the large number of foreclosed properties on the market. [...]
When real estate statistics aren’t “normal”
Numbers don’t lie, do they? Mark Twain popularized the phrase “There are three kinds of lies: lies, damned lies, and statistics.” Every month real estate sales statistics are tallied up and displayed in newspapers, blogs and webpages everywhere. Are those numbers meaningful or useful?