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Summer gives San Diego home prices a small boost SignOnSanDiego.com

31.08.11

San Diego housing prices inched up in June for the summer season but remain more than 5 percent below levels seen in June 2010.

The widely watched Standard & Poor’s Case-Shiller Home Price Index painted a fuzzy picture in terms of the housing market, both in San Diego and nationwide.

While home prices were up in June across the country, there is little evidence of a return to a robust housing market. Despite low mortgage interest rates, all of the 20 cities in the Case-Shiller Index posted housing prices in June that were lower than the same month last year.

In San Diego County, home prices in June were roughly at the same levels as they were in October 2009.

Twelve of the 20 index cities have shown price gains for three consecutive months on a non-seasonally adjusted basis. But the momentum is likely linked to the typical bump in home buying activity in spring and summer months rather than a sustained turnaround in home prices, according to experts.

Source:

Refinance Help. Fill this form and get help!

San Diego 6 Morning Show, San Diego Mortgage and Short Sale Info.

The San Diego 6 morning show talking about San Diego Mortgage options and Property short sales. Joe Feinhandler and John Dupree talk about the San ...

First time home buyer San Diego. Should I rent or buy?What type of loan should i get?

Oct 23, 2006 by sapphire_17_2001 | Posted in Renting & Real Estate

I have been pre approved for 280k.I make about 3200 after taxes.I don't have money to put down.I have 5500 in credit card debt and 558 car payment(that I'm going to refinance).I have a credit score of 628 nothing negative on my credit report.I'm in the military and will be in SD for awhile. I don't want to rent and let my money go to waste but with the market so high i'm not sure if i should buy.Everyone out here is just out for your money and not your best interest financially.If anyone could give me some good advice i would really appreciate it.

Thanks!

House can be a good investment, but I don't think you can do that at this point. In SD, $ 280,000 doesn't buy much. May be studio condo, if you are very lucky.
say borrow 280.000 30 year fixed at 6.20 %
Monthly payment $ 1714.91
Home/ Mortgage Insurance 100.00 ?
Property Tax 150.00 ?
Credit card interest at 12% 30.34
Car payment 558.00
Condo fee 500.00 ?
That 's $ 3053.25 per month. This is not include your car insurance, your credit card principle, Utility cost, foods, gas, clothing , etc........
Even you refinancing your car, this won't make much different. Interest only mortgage is very dangerous in today's market. Difficult to get a roommate on studio. Unless if you can get the housing allowance from military, I don't think it's a good idea at this point.
Keep your good credit score, and save some money for future down payment. I am sure you will buying the house in few years.

novak-9 | Oct 23, 2006

On the numbers, I don't see how you could afford to buy a place in that area, although if you are stationed at Miramar, someplace like Poway might work for you and be far enough from downtown to be at least somewhat affordable. Check a local realtor's web site to see what is available; that's how I bought my present house. You need to pay off that credit card debt, and that should be your first priority: not only will that improve your credit score, it will get some expensive debt off the books.
rhsaunders | Oct 23, 2006

I am sending you to the State of California web page that gives you information on the affordable housing programs and first time buyer programs. Where before they were a bit on the useless side, they have changed considerably and even though there is a lot of reading here, if you read it thoroughly, you won't regret it. There are down payment assistance and reduced interest rate programs out there waiting for you. This site will be your homework; you will not be misquided or hoodwinked. The resources through the California Association of Realtors official web site, www.car.org plus the Department of Real Estate www.ca.gov are going to be valuable to you. Knowledge is a wonderful thing for a first time buyer. Find a realtor with an impeccable reputation and let her navigate through this with you. Here is your homework - read it before someone gets their hands on you - best wishes to you.

http://www.car.org/library/media/papers/pdf/Steps2000.pdf
Realty Shark | Oct 23, 2006

You should try to get a VA loan, since you're in the military. If you don't have a lender and would like for me to refer you to an agent who will represent you at no charge to you, please visit my website and send me an e-mail. There are some people in the real estate and mortgage industry who are not solely in it for the money, as being that way would likely only benefit someone at that time and would prevent him/her from building lasting business relationships based on referrals. It is really counterproductive in the long run to what we do.
Cheeky Realtor | Oct 23, 2006

W. E | Oct 24, 2006

I'm a Loan Officer in San Diego looking to network with new or exprnc'd Realtor/Agents in California...

Jul 24, 2006 by YAY Me! | Posted in Renting & Real Estate

My name is Linda Munoz, I am a Loan Office & I am looking to network with new & experienced Realtors/Agents in California. I work with First Capital Lending in San Diego. I work fast, hard & responsibly! If anyone is interested in networking feel free to email me!
I am experienced with Home Loans, First Time Buyers & Refinancing! I work with over 80 lenders in California as well as in Utah. I am also Bilingual- English/Spanish.

email: lmunoz@myfclending.com

Thanks,
Linda Munoz
I wont be starving, I have clientele....just wanna network with new ppl. =o)

If you can't bring in your own clients, prepare to starve.

Searchlight Crusade | Jul 25, 2006

diego home loan refinance san - News


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