California Real Estate Blog
Bankruptcy, Foreclosure or Short Sale: Which One is Worse?
According to FICO (the Fair Isaac Corporation), a bankruptcy is worse for your credit than the other actions. Homeowners who go through foreclosure rather than a short sale tend to take longer to rebuild their credit (as foreclosures are generally caused by divorce, job loss, medical issues or other life events that cause financial stress). According to FICO, [...]
It’s Voting Day!
"Nobody will ever deprive the American people of the right to vote except the American people themselves and the only way they could do this is by not voting." ~ Franklin D. Roosevelt Exercise your Rights Today... and VOTE!
Gov. Brown Signs Bill Boosting Protection for Surviving Spouses
California Gov. Jerry Brown signed a bill that’s designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments. Senate Bill 1150 boosts protections against foreclosure for surviving spouses who own their home but are not on its mortgage note. Consumer groups say survivors — including those who inherit [...]
San Diego Home Price Increases Outpace Most of California
San Diego County home prices have increased more than most of California in the last year, a key real estate index showed. San Francisco and San Diego counties’ median home price is up 6 percent in the last 12 months, said the July S&P CoreLogic Case-Shiller Indices. Los Angeles and Orange counties’ price appreciation was 5.5 percent. Nationwide, [...]
Fed Leaves Interest Rates Unchanged
Federal Reserve leaders decided not to increase the bank's key interest rate at the conclusion of a two-day meeting. "Our decision does not reflect a lack of confidence in the economy," said Janet Yellen, chair of the Fed. "It's better to err on the side of caution." The Fed downgraded its forecast for economic growth in 2016 for [...]
Home Theater Ideas for a Great Movie Experience!
Watching movies at the cinema can be thrilling. But if you want to save the money on tickets, make your own popcorn, and have that quiet, cozy time with loved ones while watching the movie, you should consider setting up you own cinema at home. Check out these fun Home Theater ideas from HGTV.com [...]
50+ Cozy Balcony Decorating Ideas
There’s no better place than a balcony to bring the outside into your home. Most balconies are small, but it doesn’t have to feel claustrophobic. It can be very cozy indeed if you put some time into designing it properly. There are lots of cozy balcony pics at the link below to give you all the inspiration you [...]
Negative Equity Rate Continues to Drop for San Diego Homes
Bolstered by a strong real estate market, the number of San Diegans who owe more on their homes than they are worth dropped to 7.1 percent in the second quarter of 2016. Nationwide, about 12.1 percent of homeowners are still underwater. Nearly one-third of Americans were under. San Diego County had the 14th-lowest percentage of homeowners underwater, called [...]
San Diego County median home price up by 6.4%
Home prices across Southern California continued to increase in May but the pace at which they went up has slowed, said the S&P CoreLogic Case-Shiller Indices just released. San Diego County’s median home price, adjusted for seasonal swings, increased 6.4 percent in the last 13 months, while Los Angeles and Orange Counties increased 5.4 percent. National home prices [...]
Google Opening Office in San Diego
Google has signed a lease for nearly 60,000 square feet of office space in Sorrento Mesa, expanding its Southern California footprint into San Diego for the first time. The Mountain View-based Internet search giant said it’s a tenant at 6420 Sequence Drive –— a four-story office building that’s part of the Verge complex. It’s the first time the [...]
Mortgage Rates at Near-Record Low
Mortgage rates hit a new 2016 low last week, falling to 3.41 percent in the wake of the Brexit vote. Home loan rates haven’t been this low in three years and are near the record-low 3.31 percent reached in November 2012, according to Freddie Mac. Mortgage Rates - 30 Year Fixed Source: Freddie Mac [...]