News about properties and real estate
Trading Down Is the New Real Estate Reality Half a million dollars is, by almost any standard, a lot of money. But during the past few years, when credit was easy and regulations were loose, to many Americans it didn’t seem like all that much. That’s because they were able to borrow huge amounts of …
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Joe Adams: Law says very little about association board decisions by e-mail Q: Please advise as to what decisions our association board members can make by e-mail. C.M. (via e-mail) A: Obviously, e-mail has become a permanent part of our society’s way of communicating with each other. Unfortunately, the laws for community associations do not …
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Home values falling less sharply than prices San Diego home prices have been falling for three years as sellers facing financial distress accept lower offers from bargain-hunting buyers. But the course of home values tells a slightly different story. Zillow.com, a Seattle-based Web site that follows the housing market nationally, released figures yesterday that illustrate …
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Playing with fire: Foreclosures bring rise in uninsured tenants It was force of habit that pushed Jeanne Ryan out of her home on a Sunday afternoon in January, just like everybody else at Indian Village Condominiums. The fire alarm went off. But she didn’t bother to take her purse, much less her television and furniture. …
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The market for homeowners looking to sell Melissa Morris put her Haight-Ashbury flat on the market in mid-September. It was priced right and she accepted an offer of $825,000 within days. The contractor’s inspection was set for Sept. 29 and as the buyer toured the home, the stock market was in the midst of its …
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Cap may make it harder to obtain mortgage The cap on single-family home loans in San Diego County that can be purchased by government-sponsored Fannie Mae and Freddie Mac will be reduced in January from $697,500 to $546,250. In a move that’s expected to make it harder for some consumers to get mortgages, the Federal …
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