San Diego Buyers… Mortgage Interest Rates are Bottomed Out for Condo and Home Real Estate Purchases.

Attention San Diego Condo and Home Buyers…. Yes that’s correct.  The past few weeks have posted mortgage interest rates at 4.5% for 30 year fixed home loans.  This is the lowest they’ve ever been in history. Interest rates have only one direction they can go from where they are currently at.  Up.  The current FED  Fund Rate is at 0.00% folks so there is absolutely no room for the FED to cut...

FICO Scoring and the effect on San Diego Real Estate Condo and Home Market

Does the FICO credit scoring system make sense in the current real estate and other credit markets?  Many financial experts are arguing that the scoring system is inadequate and entirely too simplified. Current reports are indicating that over 25% of the US population has a FICO credit score less than 599.  This is up from a projected 15% prior to the recent recent real estate and financial melt down. That...

San Diego Condo and Home Buyers in Escrow: Federal Home Buyer Tax Credit Extension

Some great news last week as Congress finally passed an extension to the first-time home buyer federal tax credit closing date.  Now you home buyers still would have to have been in escrow with a purchase contract acceptance date prior to June 1st to qualify.  However, this extension gives the hundreds of thousands of home and condo buyers that entered into contract on time, but were delayed by one reason or...

San Diego Real Estate Buyers: Enticed by ultra low Foreclure Home and Condo Prices?

Foreclosures remain to be a reality even as we see glimpses of recovery in the San Diego condo and home real estate markets.  And many online entities continue to leverage that to drive traffic to their sites… these include large data sites (think Realty Trac, Zillow, etc), national real estate firms and local agents alike.  Many home and condo buyers get excited when they see some of the...

San Diego Real Estate Front: Will Condo and Home Sales Suffer without Federal Buyer Credit?

Most industry experts are crediting the April 31st in contract deadline for the Federal first-time home buyer tax credi for the continued increased sales this April (as reported by the National Association of Realtors, NAR).  Many buyers found themselves rushing to contract in order to take advantage of that large dangling carrot.  Right here in San Diego, I found myself in this exact position with several of my...