San Diego Real Estate Blog

The question is how much of a Real Estate Double Dip? San Diego Real Estate along with most of the real estate in the country has dipped according to the data from the Standard and Poor’s Case-Shiller Home Price Indices reported on May 31, 2011. The home price indices which is the leading measure of U.S. home prices shows the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011 compared to the 4th quarter of 2010. The San Diego Home Price Indices declined only 0.8% for the same time period in the 1st quarter of 2011.

The data from the Standard and Poor’s Case-Shiller Home Price Indices also showed that the annual decline was 5.1% compared with the first quarter of 2010. In respect the indices for San Diego Real Estate showed a decline of 4.0% from last year. The First Time Home Buyer Tax Credit program in 2009 and 2010 was also thought to be a large factor in bringing buyers to the market to help with the decline and stabilize home prices. This program is no longer available. I wonder if it’s time for the government to bring back some more incentives for home buyers to stabilize the market again. Maybe a program with more tax write offs in contrast to the proposed elimination of the home mortgage write off that some politicians have been peddling to pay for their huge mismanagement of America’s Tax Dollars and runaway spending.

After watching some of the talking heads on the television news networks it seems they are concerned that the latest unemployment numbers that fell way short of expectations are also fueling the low real estate activity and home price indices. The foreclosures that are still set to hit the market will of course add to the inventory as well as the short sales of upside down home owners. Some have also pointed out the unfriendly business practices of the current administration causing many businesses to hold back on hiring and expansion in the US. If this keeps up many of the new jobs may be expanded to foreign counties instead of the US. This would also hurt real estate.

I have personally seen many buyers in recent months jump into the San Diego Real Estate Market and I think the summer of 2011 looks like busy one for San Diego real estate agents. Time and releasing foreclosures and short selling the upside down homes will get us through to a more stable market. Compared to some of the recent drops in home price indices, a 4% drop although in the wrong direction is not something that should be too unexpected. Let’s face it we’re still in a fragile recovery. People still need homes to buy and many have jobs and good credit. What they need now is to feel confident in where the country is going and how it’s getting there. M. Lewis

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.

San Diego Real Estate               San Diego Home Search 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

iPad San Diego Home Search

iPad San Diego Real Estate

All Information is believed to be correct but not guaranteed.

iPad San Diego Real Estate

If you want to look for San Diego Real Estate on your iPad then make sure you use the iPad San Diego Real Estate Search on DawnSellsSanDiego. We not only have the best tools to search for San Diego Real Estate but you can use all of our home searching tools on your iPad. Tools like, maps, communities, schools, restaurants, shops, 24 hour property watch, listing email notification, and many more. The Apple iPad makes it easy to find your new home and is so easy to use with the Apple iPad touch screen. Our Real Estate Website is 100% compatible with the iPad.

The iPad San Diego Home Search on our San Diego Real Estate Web Site makes searching for your new home or condo a snap! You can easily touch what area of real estate search you are interested in looking at. There are thousands of San Diego Homes and Condos to look at and it is updated several times a day with new listings. Because your Apple iPad is so easy and convenient to use we thought you would really enjoy your San Diego Real Estate search while using it.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego Home Search 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

iPad San Diego Home Search

iPad San Diego Real Estate

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog 

Twitter San Diego Real Estate

Follow Dawn Sells San Diego on Twitter

You can follow Dawn Sells San Diego on Twitter. Our San Diego Real Estate Twitter has all of our blog posts tweeted as well as all information pertaining to the San Diego Real Estate Market, News and Trends. Twitter is a great way for us to stay in touch with home buyers and home sellers in San Diego County.

We also keep you updated on foreclosure and short sale properties that we are selling and up to date information on the latest foreclosure and short sale news. Twitter is an excellent micro-blog for getting San Diego Real Estate Tweets out fast to our followers. If you want to follow the best San Diego Real Estate on Twitter make sure you follow us.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog

2010 San Diego Real Estate Market

I know it’s still 2009 November and it might be a little early for 2010 San Diego Real Estate Market predictions but I think I’ll give it a shot. 2010 in the San Diego Real Estate Market should show more foreclosures than we had in 2009. In 2009 many foreclosures were held off of the market due to the moratoriums. Now that many of the foreclosure moratoriums are lifted the banks are gearing up to get the REO’s off of their books. 2010 in San Diego and many parts of the country will be known as the year of the “Last of the Foreclosure Market”. There will be more foreclosures after 2010 into 2011,  2012 and 2013 but 2010 will be the last big year for foreclosures.

There will still be more short sales and some banks are moving faster on them. There’s lots of talk about the short sales being streamlined and moving through the system faster. In 2010 it might just be a lot of false hope in this area. I hope I’m wrong and we see the short sales as a whole (not just select banks) move through the system fast and to a sale but it might just be a lot of hype. Systems like REOTrans are setting up to do short sales but I’ll believe the push towards short sales over foreclosures by the banks when I see it.

For homebuyers in 2010 it should be a delight with more inventory coming into the San Diego Real Estate Market. In some price ranges like the lower end first time home buyer prices under $400,000 there still will be a fight with other buyers to get the homes. There are way too many buyers and investors in the under $400,000 range in many areas of San Diego County that will keep this price range in very short supply in 2010. The upper end in non-coastal areas will still slide a little lower in 2010. We’ll see how this worked out in 2011.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog

I just got finished watching an excellent report on Channel 10 News and I wanted to share it on my Blog because I think it’s worth watching. The show was a half hour and this is only one of the segments. It was very informative about San Diego real estate, auctions, loan modifications, and investment properties.

This story is called:

Builders Default On Land, Able To Buy It Back Cheaper At Auction

http://www.10news.com/video/21522316/index.html
 
Lauren Reynolds
10News I-Team Reporter
_____________________________________________________

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog

The San Diego Real Estate Market has seen better days. It’s not that there aren’t buyers seeking that perfect place to call home sweet home it’s the little inventory they have to choose from. Inventory is low especially in some areas of San Diego County in the first time homebuyer price ranges. So low that many VA and FHA buyers are taking their chances on short sales, which may or may not ever close escrow, and waiting it out.

I can’t tell you how many questions I answer on Trulia about buyers and short sales. Buyers are always asking, what takes so long, how come the banks won’t approve my offer, what’s going on, why did they take another offer, why did the bank foreclose on the home when I had an offer on it for 8 months, why is the seller declaring bankruptcy, and on and on. It’s like writing an offer on a home and putting it into a black hole and hoping something good comes out on the other end. It usually doesn’t.

Keep in mind if you’re a buyer who wrote an offer on a short sale you probably are in competition with 5 to 50 other buyers. Only 1 of those offers will get accepted and many times the home will go to foreclosure and no one gets it. It’s frustrating for everyone involved including all agents, the negotiators at the banks, sellers and all the other buyers trying to buy the home. Just think how the seller feels….. they are losing their home, their dreams, their investment, they and their family – kids, dogs, cats now need to find another place to live, most likely a rental or in with family, and their life is being turned upside down. Kind of puts things in a different perspective when you look at it from the side of the one who is losing the home.

San Diego Home Buyers using a VA or FHA Loan to buy a home or condo are often in third and fourth place when writing offers on foreclosed properties. They have that going for them too. The problem is with so many investors in the market buying foreclosures for cash or large sums of money down in conventional loans the VA and FHA loans aren’t usually the best way to go for an asset manager looking at offers on the REO asset they are managing. On cash offers they don’t have to worry about appraisal issues or finding out a buyer really doesn’t qualify for the loan to buy the foreclosure. It’s an unfortunate situation that people who want to buy the home to live in and be part of the community are being put in the back seat to investors looking to make a buck. But it is what it is and for now it’s bad news for some VA and FHA buyers. Hang in there. Times will change.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

Foreclosures of San Diego is your source for all foreclosures in San Diego. We have tools to search all homes and condos for sale whether they’re Bank Owned REO Foreclosures, Short Sales or just normal listings. You can Search the San Diego MLS or use our San Diego Foreclosure MLS to find Foreclosures, Pre-Foreclosures or Auction Properties. Did I mention these Search Tools are FREE.

Thousands of people use our search tools every week and find the home or condo they are looking for in San Diego County. We allow visitors to use our tools because we want them to have a portal to search for their home or condo in the comfort of their home or office. If you need help seeing the property or writing an offer on the property or just some real estate advice please contact us.

San Diego Foreclosures

San Diego MLS

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog 

I Googled San Diego Real Estate this morning and saw the top rated spot was a news article from the Union Tribune, Real Estate Expert: San Diego at Leading Edge of Recovery. The Real Estate Expert they site in the article is Lawrence Yun the Chief Economist for the National Association of Realtors. Yun is known for making many blunders and erroneous predictions in the past. Check out http://www.lawrenceyunwatch.blogspot.com/ for some in depth research on Yun’s other predictions and faux pas. I’m a big fan of laying all the facts out on the table for anyone buying a home in San Diego County. A prediction like this headline needs to have all the facts including the ones behind the scenes. 

The article Real Estate Expert: San Diego at Leading Edge of Recovery bases the recovery on rising prices and sales. Yun states that there is only a 2.5 month inventory of homes for sale and new home construction sluggish. He said that the demand is strong. In an excerpt from the article Yun confesses: “He began with a confession about how he missed the real estate bubble of 2004-06. Surely, the system had enough checks and balances to avoid a runaway market, he thought at the time. “I was clearly wrong,” he said.” My concern now is what else is Yun overlooking through assuming that others have checks and balances in place.  

In the UT Article, “He also predicted that foreclosures will continue at high levels for the next 12 months because of the weak economy. But unlike last year, he said this year’s foreclosures are being snapped up in many markets, including San Diego.” The market in many areas of San Diego is saturated with many short sales. Many of the short sales have homeowners in them not making mortgage payments and in the foreclosure process while trying to short sell their home. I think the foreclosures at high levels will carry on well past 12 months. Related Blog Post : http://www.responsiblelending.org/mortgage-lending/tools-resources/new-foreclosures-by-state-for.html  

Many agents and asset managers speak of the tidal wave of foreclosures that are coming. I wonder why the banks are holding back all of the foreclosures that should be on the market. If the foreclosures are being held back and not put on the market for sale then there is a false sense of inventory. They are foreclosed on or will be soon but the homes are intentionally not being made available to home buyers. Why? Maybe this is to stabilize and firm up the market. But is this real or false stabilization? 

The question is by doing this is it creating another problem of false values like the bubble we just came out of. I don’t know but the information needs to be out there for potential home buyers so they have all the facts when buying. Let’s face it, when NAR says something the news and the public listens. Let’s make sure they have all the facts not just the talking points for getting buyers to buy homes. 

San Diego Real Estate Blog

CAR Revises San Diego Real Estate Sales Numbers Due to MLS Data Glitch
 
This blog post is in reference to an article in the Wall Street Journal by James R. Hagerty. The WSJ reported that:

“The California Association of Realtors expects to make sharp downward revisions in its recent monthly reports of soaring home sales in the San Diego area, Robert Kleinhenz, deputy chief economist of the trade group, said in an interview. The problem resulted from a glitch in data from a multiple-listing service in San Diego, Mr. Kleinhenz said. He said a change in computer systems used there resulted in incorrect data being sent to the Realtor association over the past year or so. Thomas Lawler, an independent economist in Leesburg, Va., who tracks home sales nationwide, raised questions about the San Diego data in a report last week. Mr. Lawler noted that the numbers reported by the Realtors vastly exceeded those from MDA DataQuick, a research firm in La Jolla, Calif., and other sources. The California Realtors have reported that San Diego sales in April were up about 63% from a year earlier. Mr. Kleinhenz said that is expected to be revised downward to a gain of about 20%. For May, the group reported an 89% increase in sales in San Diego; that will be slashed to about 6.5%, the economist said. As a result, he said, the state-wide sales gain for May — reported last week as 35% — also will be revised down, though it probably will remain above 30%, Mr. Kleinhenz said.”

I use the San Diego MLS as a Realtor in San Diego. There have been some changes to it over the past year and just recently. Fields have been added and things have been changed around. It took Listingbook quite a while to finally come into San Diego as a tool for agents and their buyers and sellers to view real estate for sale in the MLS. It has been frustrating for me as well because the IDX solution for my San Diego real estate web site has been changed several times because of the adjustments in the San Diego MLS. This has also made many of my search links invalid and error codes pop up when clients do searches with prior created links. It has forced me to remove the links. I also understand that the MLS not only in San Diego but other areas of the country change from time to time and will always have to be modified with new fields and updates. It is a part of technology and changing times.

The old adage “GIGO – Garbage In Garbage Out” – doesn’t apply either because it wasn’t “Garbage In” it was just “Garbage Out”. Because of the Changes in the MLS I can see how the sales calculations can be different from what they were in the past because of the added fields that are now in play. I’m glad the mistake was caught and I’m sure more caution will be used in the future when doing these calculations. It can also affect the Median Home Price data as well. If fields change and new categories are created someone with an understanding of all this needs to be overseeing the operation to make sure the reporting is correct. DataQuick got it right ….. Why not hire them.

Wall Street Journal Article http://online.wsj.com/article/SB124638992043975185.html

If  you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog 

San Diego Realtors Conference and Expo 2009

The annual Realtors Conference and Expo will be held in my town, San Diego California. San Diego couldn’t have been a better choice for the 2009 Realtor Conference. Who wouldn’t want to come to San Diego anyway?  Now Realtors in other parts of the country will truly understand why San Diego is America’s Finest City. And why real estate in San Diego is priceless. The event is being held at the San Diego Convention Center in Downtown San Diego from November 13 – 16. Some of the guest speakers are Condoleezza Rice, Sugar Ray Leonard and Reba McEntire. Our great city will be gracious to all Realtors throughout the country coming to San Diego to experience this great event and the finest city in America.

Info from Realtor.org about the San Diego Real Estate Event.

THE 2009 REALTORS® CONFERENCE & EXPO

Chart your winning course through today’s turbulent economy!

The 2009 REALTORS® Conference & Expo delivers money-making strategies to help you succeed.
Four days of intensive training from real-world speakers in top-rated sessions.
Substantive programs for everyone who makes their living in real estate – brokers, agents, commercial practitioners, property managers, international specialists, and IT professionals.
Watch this week’s tip from a 2009 Conference speaker!
Sail confidently through troubled waters!
REALTORS® Expo has new ideas, products, and services to increase your productivity.
Ask questions, compare features and strike your best deal with 500 exhibitors, all under one roof.
Learn about opportunities to expand your market working with immigrants, foreign investors, and Americans buying property abroad.
Be part of a winning crew!
Network with the most successful real estate professionals in the country.
Build your referral network and increase sales opportunities.
A boat load of fun!
First REALTORS® Conference & Expo in San Diego!
Enjoy a wide-range of Conference special events, including the REALTORS® Celebrity Concert starring Reba McEntire.
Combine business and fun — the Convention Center is right on beautiful San Diego Bay and in the center of nightlife, shopping, and dining!

Make sure you don’t miss out. See you in San Diego!

If  you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

All Information is believed to be correct but not guaranteed.