Economic forecast: According to the
UCLA Anderson Forecast a recession in San Diego will exist for most of 2009, with the residential home market recovering this year.
Nationwide, most economists agree.
Local home sales statistics: The San Diego Association of Realtors publishes sales statistics for homes throughout the County. Check out the
most recent statistics (latest available is for April 2009).
It's not a "Buyer's Market" everywhere. In many areas of San Diego it is impossible for a buyer to buy a home without fighting against many other buyers for the same home. Oftentimes, the home gets sold quickly and for substantially higher than the list price. Because the media inundates us with information that deals are to be found everywhere right now, it is disappointing to many buyers experiencing the market first-hand. This is happening in many areas, not just in San Diego, as this
LA Times article discusses.
$8000 Tax Credit can be used for closing cost. Most people have heard that first time home buyers are being given an $8000 tax credit when buying a home. The credit is being extended to allow the
$8000 to be used toward closing costs and to go toward additional down payment (over the 3.5% required by HUD).
San Diego's Mandatory Water Use Restrictions begin June 1!
Because San Diego is experiencing a water crisis, mandatory water use restrictions go in effect on June 1, 2009. These restrictions include landscape watering for no more than three days per week during specified days and times. For all
mandatory restrictions go to the
City's Water Department website.
Credit Report Errors?
If you see errors on your credit report make sure to get them corrected. Here are
some steps to take when disputing a credit report error.
I developed a new website,
www.BreakingSanDiegoNews.com. It uses
www.Twitter.com feeds to give you the latest information. Even if you don't use Twitter, stop by to read the latest on San Diego News, Events, Local Restaurants, Sports, Shopping, Real Estate, Weddings, Jobs/Career, and Classifieds. Posts are updated each minute! If you use Twitter, you can add information to any category on the website when you post something on Twitter (just see the directions on the home page of the
www.BreakingSanDiegoNews.com site). Share your information or come by to see what's happening right now!
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If you have any questions about your home or the real estate market give me a call or email me!