The Joys of Real Estate

On 6/25/2010: 

The 30 year conforming fixed at zero points on a single family residence with a 740 Fico for 30 days is 4.75%

Jumbo conforming 4.875%

FHA 4.75.%

Jumbo FHA 4.75.%

Jumbo 80% to $2,000,000 5.5%

Inman News recently reported that the mtropolitan areas where CoreLogic expects to see the most price appreciation in the year ahead are San Jose (6.8 percent), Buffalo-Niagara Falls (4.9 percent), Denver (4.7 percent) and San Diego (4.4 percent). Most of those price gains are expected to be realized in the spring.  This is good news for San Diego as there are a lot of cities in the US where ...

The capital gain reduction that went into effect in 2003 under the Tax Increase Prevention and Reconciliation Act will sunset on January 1, 2011.  The tax rate for long-term capital gains will revert from the current 15% back to the former 20% tax rate.  In 2013 an additional tax of 3.8% will also be imposed on certain investment income which will bring the new capital gain rate to 23.8% for ...

Tje $8,000 Federal tax credit that expired for first time home buyers who did not have their home in escrow by April 30, 2010 has been extended for one year for military personel that were deployed out of the country for 90 days during the period from 1/1/09 to 5/1/10.  This is the exact wording below:

Members of the military and certain other federal employees serving outside the U.S. have ...

We are proud to announce that there has been a price reduction at 11525 Eastridge Place in Scripps Ranch, San Diego. The seller will entertain offers between $725,000 and $765,000.  This is a great  opportunity to own a house in beautiful Scripps Ranch in the presigious Legacy development.  Please feel free to take a virtual tour of this Scripps Ranch House for sale.

As always please do not ...

We are proud to announce that there has been a price reduction at 9879 Caminito Pelon , in Crown Pointe in Scripps Ranch, San Diego. The seller will entertain offers between $739,000 and $779,000.  This is a great  opportunity to own a house in beautiful Scripps Ranch in a gated community on the south side of Pmerado Road.  Please feel free to take a virtual tour of this Scripps Ranch House f ...

A short sale is when a home is sold for less than the amount owed on the mortgage for the home. This occurs when the bank agrees to take less than the full amount due on the mortgage.

A seller does not have to be behind on a home loan to seek a short sale. If sellers wish to pursue a short sale, they must owe more than what the home is worth, demonstrate the house cannot be sold for the amoun ...

 

To help stimulate home sales, both the federal and state governments are offering tax credits for Californians purchasing their piece of the American dream. Federal law offers up to $8,000 for first-time homebuyers and $6,500 for long-time residents. California law offers up to $10,000 for first-time homebuyers or buyers of properties that have never been occupied. Here’s a handy summar ...

The Fed said it would end its program of purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac to help keep home loan rates low. That program will conclude at the end of this month when the Fed's mortgage bond holdings reach the $1.25-trillion limit it set last year.  We would expect an impact on mortgage interest rates to follow soon.