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San Diego Investment Properties

HomePath 3% Down payment on Fannie Mae Owned homes & updated Sneak Preview

by Arnie Levine on February 1, 2012

in Latest News,San Diego Foreclosure news,San Diego Investment Properties

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details

HomePath properties offer buyers a wide selection of options, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down. Click here to find out additional information or to get your loan started using (Homepath approved lender) to finance your next purchase.

See properties below! Call 619 540-5811 today for a complete list

or Click Pro-Search HomePath & Reo Properties!

Street City Zip Code List Price Contact us TODAY to Preview! Property Type Bedrm Bths Sq Feet Lot Size Year built
165 Willow Grove Pl Escondido 92027 Contact us Coming Soon Single-Family 3 2 1931   2002
3827 Crescent Drive Julian 92036 Contact us Coming Soon Single-Family 3 3      
4706 Heathbrook Ct San Diego 92154 Contact us Coming Soon Single-Family 3 2.5 1734   2000
1920 Larkspur Dr Alpine 91901 $289,900 Active Single-Family 2 2 1248 6534 1990
865 N Glen Oaks Dr Alpine 91901 $111,900 Active Single-Family 2 1 768 4356 1945
2004 Avenue Of The Trees Carlsbad 92008 $374,900 Active Single-Family 4 3 2168   1974
4016 Aguila St Apt B Carlsbad 92008 $331,900 Active Condo 2 3 1436 207781 1985
7513 Jerez Ct Unit A Carlsbad 92009 $339,900 Active Condo 2 3 2030   1982
6563 Corte La Paz Carlsbad 92009 $370,600 Active Condo 2 3 1505   1985
2430 Sierra Morena Ave Carlsbad 92010 $429,900 Active Single-Family 4 2 1799 8102 1967
840 E J St Chula Vista 91910 $427,893 Active Single-Family 4 3 2294 6767 1985
847 Durward St Chula Vista 91910 $459,900 Active Single-Family 6 3 2452   1965
529 Hibiscus Ct Chula Vista 91911 $347,750 Active Single-Family 5 3 1978 6900 1968
1885 Wolf Canyon Loop Chula Vista 91913 $311,900 Active Single-Family 4 2.5 1909 4978 2006
1821 Sebastopol St Chula Vista 91913 $289,900 Active Single-Family 3 2.5 1688 2911 2002
1877 Wolf Canyon Loop Chula Vista 91913 $299,900 Active Single-Family 3 2.5 1671 3131 2006
13754 Mango Dr Unit 226 Del Mar 92014 $219,900 Active Condo 2 2 804 114519 1973
1954 Glennaire Dr Escondido 92025 $339,500 Active Single-Family 4 2 2340 2156 1975
370 Conifer Gln Escondido 92026 $269,900 Active Single-Family 3 2 1645 3659 1986
38374 Rainbow Heights Pl Fallbrook 92028 $309,900 Active Single-Family 3 2 1497 104108 1982
8262 Gilman Dr Unit 4 La Jolla 92037 $314,900 Active Condo 2 2 1053 1053 1979
801 National City Blvd Unit 212 National City 91950 $98,440 Active Condo 1 1 500   1990
929 Melrose St National City 91950 $169,900 Active Single-Family 3 2 1120   1934
2740 E 24th St National City 91950 $134,900 Active Single-Family 3 1 1138 3049 1930
2450 Van Ness Ave National City 91950 $118,900 Active Single-Family 2 1 594 1742 1940
2724 E 14th St National City 91950 $208,650 Active Single-Family 3 1 1226 6000 1953
3640 Mira Pacific Dr Oceanside 92056 $190,750 Active Single-Family 2 1 827   1972
3315 Genoa Way Unit 98 Oceanside 92056 $225,650 Active Condo 2 2      
3621 Vista Campana S Unit 110 Oceanside 92057 $179,900 Active Single-Family 2 2 1585   1968
1241 Natoma Way Unit D Oceanside 92057 $269,900 Active Condo 2 3 1366   1996
15665 Davis Cup Ln Ramona 92065 $139,900 Active Condo 2 2 1458 616373 1979
23619 Country Villa Rd Ramona 92065 $167,900 Active Condo 1 2 983 358934 1974
16623 Swartz Canyon Rd Ramona 92065 $279,000 Active Single-Family 3 3 2444 2156 1979
25124 Como Esta Ct Ramona 92065 $284,900 Active Single-Family 3 2 1769 25264 1987
841 Lamar St Ramona 92065 $184,900 Active Single-Family 4 2 1505 1505 1940
1551 4th Ave Unit 605 San Diego 92101 $481,900 Active Condo 2 2 1299   1982
4561 G St San Diego 92102 $189,900 Active Single-Family 3 1 986 6577 1941
3322 L St San Diego 92102 $148,900 Active Single-Family 3 1 1088 3123 1980
4127 38th St Unit 6 San Diego 92105 $94,900 Active Condo 1 1 621   1971
4848 Bermuda Ave Unit E2 San Diego 92107 $240,750 Active Condo 1 1 696 12066 1969
1611 Hotel Cir S Unit A313 San Diego 92108 $187,250 Active Condo 2 2 950 205167 1972
2220 Camino De La Reina Unit 5303 San Diego 92108 $245,030 Active Condo 2 2 1025   1992
1219 S 36th St # L2 San Diego 92113 $114,900 Active Condo 3 2 1088   1982
6215 Tooley St San Diego 92114 $181,900 Active Single-Family 3 1.5 1387 5000 1950
5645 Elk St San Diego 92114 $192,600 Active Single-Family 3 1 1107 5900 1953
4219 Ab Estrella Ave San Diego 92115 $211,900 Active Multi-Family 4 2   6098 1928
5170 Appleton St San Diego 92117 $315,650 Active Single-Family 3 1 1018 6534 1960
11527 Compass Point Drive San Diego 92126 $419,900 Active Single-Family 4 3 1733   1998
10849 Penara St San Diego 92126 $492,200 Active Single-Family 4 3 1828 17467 1990
12575 Oaks North Dr Unit 221 San Diego 92128 $171,900 Active Condo 2 2 1016   1972
12075 Alta Carmel Ct Unit 42 San Diego 92128 $134,000 Active Condo 1 1 704   2006
9909 Azuaga St Unit 102 San Diego 92129 $139,900 Active Condo 2 1 750   1992
2564 Deauville St San Diego 92139 $249,900 Active Single-Family 3 2 1216 10890 1958
5623 Vista San Juanico San Diego 92154 $337,050 Active Single-Family 4 3 1797 4573 2003
1044 La Ventana Ct San Marcos 92078 $217,900 Active Condo 3 2 1440 208216 1973
8885 Ellenwood Cir Spring Valley 91977 $189,900 Active Single-Family 3 1 1372 6000 1959
8735 Tyler St Spring Valley 91977 $239,900 Active Single-Family 3 1 1311 21600 1948
1716 Landing Dr Vista 92081 $289,900 Active Single-Family 2 2 1124   1988
220 Journeys End Vista 92083 $290,000 Active Single-Family 4 2 1700 12196 2007
238 Goetting Way Vista 92083 $199,900 Active Single-Family 2 3 1450 12283 1947
341 Windy Ln Vista 92083 $177,900 Active Condo 2 2 1333   1986
1142 Madera Ln Vista 92084 $123,900 Active Condo 2 2 1144 104544 1974
1140 Madera Ln Vista 92084 $94,900 Active Condo 2 2 972 104544 1974
3056 Avenida Christina Carlsbad 92009 $229,900 Back On Market Condo 2 2 1135   1983
470 Oak Pl Chula Vista 91911 $326,350 Back On Market Single-Family 4 2 1728 8712 1977
251 E Rienstra St Chula Vista 91911 $331,700 Back On Market Single-Family 5 3 1840 6577 1971
2250 Treewind Ln Chula Vista 91915 $299,900 Back On Market Single-Family 4 3 2075   2005
2074 Barbados Cv Unit 3 Chula Vista 91915 $234,350 Back On Market Condo 3 3 1321   2002
2175 Desert Hare Ct Unit 115 Chula Vista 91915 $224,700 Back On Market Condo 3 3 1394   2007
12191 Cuyamaca College Dr E Unit 212 El Cajon 92019 $144,900 Back On Market Condo 1 1 664   1995
615 Alveda Ave El Cajon 92019 $299,900 Back On Market Single-Family 4 2 1990 6000 1971
8353 Ora Belle Ln El Cajon 92021 $189,900 Back On Market Single-Family 3 2 1179 4356 1984
280 Cottage Grove Ln Encinitas 92024 $299,900 Back On Market Condo 3 2 1394   1972
1750 W Citracado Pkwy Spc 138 Escondido 92029 $59,900 Back On Market Mobile Home 2 2 1440   1979
1120 Old Stage Rd Fallbrook 92028 $199,900 Back On Market Single-Family 2 2 1391 22210 1931
3003 E 11th St National City 91950 $219,900 Back On Market Single-Family 3 2 1659 5300 1961
3345 Tropicana Dr Oceanside 92054 $199,900 Back On Market Single-Family 3 1 1470 6000 1963
3621 Vista Campana S Unit 104 Oceanside 92057 $143,900 Back On Market Condo 2 2 1695   1968
425 W Beech St Unit 1407 San Diego 92101 $208,650 Back On Market Condo 1 1 659   2004
1241 Weaver St San Diego 92114 $169,900 Back On Market Single-Family 3 1 1856 5357 1978
554 Meadowbrook Dr San Diego 92114 $174,900 Back On Market Single-Family 3 2 1347   1962
805 Winston Dr San Diego 92114 $149,900 Back On Market Single-Family 3 1 912 7000 1949
151 Lausanne Dr San Diego 92114 $199,900 Back On Market Single-Family 4 2 1594 11761 1959
194 Treewood St San Diego 92114 $209,900 Back On Market Single-Family 4 2 1292 7213 1979
15996 Turtleback Rd San Diego 92127 $324,000 Back On Market Single-Family 2 2 1132   1983
17161 Alva Rd Unit 1724 San Diego 92127 $139,900 Back On Market Condo 1 1 747   1992
2155 Calle Serena San Diego 92139 $168,000 Back On Market Single-Family 3 1 952   1955
1773 Elm Ave San Diego 92154 $174,900 Back On Market Single-Family 3 3 1200   1989
289 Syrah Ln San Marcos 92069 $289,999 Back On Market Single-Family 3 3 2132   2007
909 Richland Rd Spc 67 San Marcos 92069 $109,900 Back On Market Mobile Home 3 2 1248 19 1986
519 N Citrus Ave Vista 92084 $189,900 Back On Market Single-Family 3 2 1704 55756 1971
803 Caminito Verde Carlsbad 92011 $371,900 Just Listed Single-Family 2 2 1135   1977
613 1st Ave Chula Vista 91910 $304,950 Just Listed Single-Family 2 2 1507 8799 1949
425 Sanibelle Cir Unit 125 Chula Vista 91910 $184,900 Just Listed Condo 2 2 920   1996
1515 Apache Dr Unit B Chula Vista 91910 $267,500 Just Listed Condo 3 3 1400 1560 1984
361 Morehouse Pl Chula Vista 91911 $198,810 Just Listed Single-Family 3 2 1272 6998 1985
1508 Woodpine Dr El Cajon 92019 $282,900 Just Listed Condo 3 2 1152 4356 1985
351 N Cuyamaca St El Cajon 92020 $172,900 Just Listed Single-Family 3 2 1056   1959
390 N 1st St Unit 11 El Cajon 92021 $94,900 Just Listed Condo 2 2 883   1990
316 Sun Ct El Cajon 92021 $114,500 Just Listed Condo 2 1 893   1978
449 Brotherton Rd Escondido 92025 $149,800 Just Listed Single-Family 2 1 782 10018 1953
2143 Teal Gln Escondido 92026 $235,400 Just Listed Single-Family 2 2 1090 3402 1989
441 Hanford Gln Escondido 92027 $199,020 Just Listed Condo 3 2 1185   1984
352 Highland Pl Escondido 92027 $264,900 Just Listed Single-Family 2 1 1378 8276 1972
5052 Avocado Park Ln Fallbrook 92028 $279,900 Just Listed Single-Family 4 2 1710 7405 1999
1208 Sunshine Trail Julian 92036 $259,900 Just Listed Single-Family 3 2 1742 24829 1987
7725 El Cajon Blvd Unit 11 La Mesa 91942 $200,000 Just Listed Condo 2 3 1285 100 2006
10441 Aquilla Dr Lakeside 92040 $320,000 Just Listed Single-Family 3 2 1164 6098 1972
12136 Orange Crest Ct Unit 2 Lakeside 92040 $84,900 Just Listed Condo 2 1 903   1971
9635 Prospect Ave Lakeside 92040 $264,900 Just Listed Single-Family 2 2 1500   1972
801 National City Blvd Unit 205 National City 91950 $83,500 Just Listed Condo 1 1 500   1990
4712 Sunrise Rdg Oceanside 92056 $171,500 Just Listed Single-Family 2 1 873   1977
3599 Buffum Dr Oceanside 92057 $168,950 Just Listed Single-Family 2 2 1046 1736 1974
405 Stoney Point Way Unit 92 Oceanside 92058 $179,900 Just Listed Condo 2 2 942   1993
142 Womsi Rd Pauma Valley 92061 $399,900 Just Listed Single-Family 3 3 2944 15681 1973
16322 Scarbery Rd Ramona 92065 $299,900 Just Listed Single-Family 3 2 1500 20037 1984
447 F St Ramona 92065 $234,900 Just Listed Single-Family 3 2 1425 8712 1948
4053 Oakcrest Dr San Diego 92105 $176,550 Just Listed Single-Family 2 1 766 54362 1951
201 Lausanne Dr San Diego 92114 $256,693 Just Listed Single-Family 3 2 1134 12501 1959
6792 Charlene Ave San Diego 92114 $299,900 Just Listed Single-Family 4 3 1881 14374 1978
621 S 65th St San Diego 92114 $262,150 Just Listed Single-Family 3 2 1416 11325 1995
8654 Innsdale Ln San Diego 92114 $246,100 Just Listed Single-Family 4 2 1353 14000 1972
3744 Gayle St San Diego 92115 $250,700 Just Listed Single-Family 3 2 1065 5662 1952
6863 71 Amherst Street San Diego 92115 $409,900 Just Listed Multi-Family 6 4     1955
5404 Balboa Arms Dr Unit 360 San Diego 92117 $84,900 Just Listed Condo   1 414   1995
10710 Dabney Dr Apt 84 San Diego 92126 $203,300 Just Listed Condo 2 2 920 179467 1990
12022 Royal Birkdale Row # 6 San Diego 92128 $518,950 Just Listed Condo 4 3 1993   1986
17459 Plaza Otonal San Diego 92128 $270,500 Just Listed Condo 2 2      
2832 Paxton Ct San Diego 92154 $235,400 Just Listed Single-Family 3 2 1349 6000 1966
1586 Howard Ave San Ysidro 92173 $240,750 Just Listed Single-Family 3 2 1220   1979
10626 2nd St Santee 92071 $349,900 Just Listed Single-Family 3 2 1619 8102 1970
9304 Darcy Ct Santee 92071 $189,900 Just Listed Condo 2 2 1170   1981
10309 Great Rock Rd Santee 92071 $144,900 Just Listed Condo 2 1.5 1084   1975
9665 Saint George St Spring Valley 91977 $172,900 Just Listed Condo 3 2 1148   1980
839 Rangeview St Spring Valley 91977 $299,999 Just Listed Single-Family 3 1 1862 6800 1959
324 Nettleton Rd Vista 92083 $285,000 Just Listed Single-Family 3 2 1440   1987
3810 Pecos Dr Borrego Springs 92004 $104,900 Price Reduced Single-Family 3 2 1356 37897 1983
200 Telegraph Canyon Rd Apt J Chula Vista 91910 $157,900 Price Reduced Condo 2 2 1125   1987
2151 Cherry Blossom Ct Unit 197 Chula Vista 91915 $229,900 Price Reduced Condo 3 4 1561   2007
525 W El Norte Pkwy Spc 194 Escondido 92026 $199,900 Price Reduced Mobile Home 3 2 1580   2004
508 Morro Rd Fallbrook 92028 $254,900 Price Reduced Single-Family 3 2 1736 16117 1978
838 Mcdonald Rd Fallbrook 92028 $207,900 Price Reduced Single-Family 3 2 1461 17424 1965
801 National City Blvd Unit 607 National City 91950 $88,000 Price Reduced Condo 1 1 500   1990
15759 Davis Cup Ln Ramona 92065 $105,900 Price Reduced Condo 2 2 1292 828946 1978
938 D St Ramona 92065 $87,500 Price Reduced Single-Family 2 1 676 7405 1929
253 10th Ave Unit 427 San Diego 92101 $279,900 Price Reduced Condo 1 1 802   2006
3566 Polk Ave San Diego 92104 $299,900 Price Reduced Single-Family 4 2 1197 3001 1923
3849 Shasta St Apt 11 San Diego 92109 $299,900 Price Reduced Condo 2 1 814   1971
8181 Brennan St San Diego 92114 $229,900 Price Reduced Single-Family 3 2 1568   1955
2734 Creekside Village Sq San Diego 92154 $267,900 Price Reduced Single-Family 4 3 1584 2265 2004
1266 Southampton St San Marcos 92078 $329,900 Price Reduced Single-Family 3 3 1580   1988
9463 Carlton Oaks Dr Unit B Santee 92071 $179,900 Price Reduced Condo 3 2 1180 1306 1978
816 Crazy Colt Cir Vista 92081 $309,900 Price Reduced Single-Family 3 2 1650 11325 1992
117 Nevada Ave Vista 92084 $174,900 Price Reduced Single-Family 2 2 1440   1979

Self Search List of Fannie Mae foreclosures below or Contact us TODAY

5 Topics on housing for in 2012

by Arnie Levine on January 7, 2012

in Finance,Latest News,Real Estate news,San Diego Foreclosure news,San Diego Investment Properties,San Diego Real Estate,San Diego Short Sales

Just as in 2011, in 2012 many will be trying to figure out where housing is headed.  While the housing market didn’t worsen in 2011, it also didn’t stabilize either.  This year, the story will be about local markets.  While many housing markets rose and fell together, they’re recovering at difference paces so talking about housing on a national level is not beneficial.

  1. Confidence and jobs: Housing is more affordable than it has been in decades, but many would-be buyers are worried about buying today if prices are going to be lower tomorrow.  Still, others don’t want to buy a house until they have more evidence that they’re not going to get laid off or see their hours cut back.
  2. Foreclosures: Banks and other mortgage investors own around 440,000 foreclosed properties, but there’s another 3.4 million loans in foreclosure or serious delinquency, according to estimates by Barclays Capital.  Because banks are faster to cut prices to unload inventory than are traditional sellers, home values can fall further as the share of distressed sales rises.
  3. Rents: If low mortgage rates aren’t enough to give urgency to would-be buyers, rent hikes could accelerate buyers’ decisions to take the plunge.
  4. Mortgage credit and rates: It’s still hard for many buyers to get approved for a mortgage because banks are demanding lots of documentation of borrowers’ incomes.
  5. Regulation: Many analysts don’t expect Congress to make major changes to Fannie Mae and Freddie Mac during the election year, but several major regulatory changes could significantly reshape the future of the lending landscape in 2012.

Meanwhile, the regulator that oversees Fannie and Freddie is revamping the way that mortgage companies are paid for collecting loan payments.  This could lead to a broader shakeup in the mortgage industry that ultimately influences how much borrowers are charged for mortgages and how banks handle loans that fall into delinquency.

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth?

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

Commercial real estate may start to “Looking Good!”

by Arnie Levine on January 7, 2012

in Finance,Latest News,San Diego Investment Properties

Investors see commercial real estate as a good bet
Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category.

As 2011 came to a close, some commercial real estate experts found promising signs in often troubled markets.

The office market is gaining interest from investors amid a mixed bag of property-related economic fundamentals such as improvement in employment and business expansions, a recent survey showed.

Commercial real estate continues to offer attractive yields compared with alternative investment vehicles, said respondents to a quarterly poll by consulting firm PricewaterhouseCoopers.

“Despite a sluggish U.S. economic outlook, the majority of surveyed investors view commercial real estate as favorably priced and a good play,” said Mitch Roschelle, the U.S. real estate advisory practice leader at PwC, as the firm brands itself.

Investors are bullish on the general prospects for office buildings, the largest commercial real estate sector. They expect to see occupancy stabilizing and rents rising in many markets this year. Most attractive are office districts that have abundant tenants in technology or energy businesses.

Rent growth is expected to be highest in San Francisco, New York and the Pacific Northwest. Los Angeles ranked ninth among 51 markets as a desirable place to invest.

Newer, well-located industrial and retail properties are sought out by investors, but apartments took the crown as the most favored real estate category.

“Investors continue to view the apartment sector as an attractive play in delivering steady cash flows driven by solid rental demand and rising rents,” said Susan Smith, editor in chief of PwC’s survey. “As a result, investors view this sector as a hotbed for further investment activity.”

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth?

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

Multifamily delinquency rate in CMBS falls to 15.6% in December

by Arnie Levine on January 7, 2012

in Latest News,San Diego Investment Properties

Despite projections showing increased demand for apartments will spur multifamily growth in 2012, analysts viewing December data on commercial mortgage-backed securities say multifamily loans are the worst performing mortgages.

CMBS analytics firm Trepp said the multifamily delinquency rate fell 61 basis points in December, but remains elevated at 15.57%.

Trepp said the delinquency rate for all U.S. loan in CMBS rose seven basis points to a delinquency rate of 9.58% in December, after falling 26 basis points in November.

“We noted last month that further improvements would be hard to come by,” said Manus Clancy, senior managing director of Trepp. ”We view this as the first of a six- to 12-month stretch where the rate could increase by 75 basis points in aggregate. This will come as a result of the first wave of 2007 originated loans reaching their balloon dates over the next few months.”

Barclays  analysts outlined a similar trend in a research note, saying multifamily and lodging mortgage maintained the highest delinquency rates of 14.1% and 12.9%, respectively. Still, Barclays said those loan segments saw their delinquency rates experience a decline of 60 basis points from the prior month.

As for why there is a discrepancy between 2012 multifamily forecasts and the December 2011 delinquency rate, Trepp senior managing director Manus Clancy points to the idiosyncratic nature of the CMBS space.

“You have two things going on that drives the numbers (in terms of delinquencies) higher,” he said.

Clancy says some enormous multifamily loans were taken out by borrowers who believed they could acquire rent-stabilized buildings and then convert them into market-paying units. But that business model failed, leading to a higher delinquency rate.

Another factor stems from multifamily borrowers simply taking on too much. “You saw big borrowers who just got overextended, they borrowed too much on their properties,” he says. Many of those loans are now contributing significantly to the multifamily vacancy rate, according to Clancy.

However, demographic studies still show there is an opportunity to build in the multifamily space at this point. “Investors love the multifamily space,” he said. “The income is desirable.”

He added, “There is opportunity for guys with dry powder, who have money to spend to buy some of these existing properties at prices that are more sustainable.”

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth?

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

% of Commercial mortgage-backed securities (CMBS) paid off at maturity increases, still below 50%

by Arnie Levine on December 10, 2011

in Commercial Real Estate,Finance,Latest News,San Diego Investment Properties

The percentage of commercial loans that paid off at their maturity date rebounded in November, an improvement that probably won’t continue next year, according to a Trepp report released Wednesday.

In November, 47.1% of loans that reached their balloon date paid off, up from 41.8% in October. The percentage is in terms of dollar volume.

So far in 2011, the average monthly rate is 41%, a reflection of an improvement in the lending environment in the first half of the year that allowed 2006 five-year balloon loans to refinance, the analytics firm reported. The average monthly rate in 2010 was 34%.

However, Trepp said it doesn’t expect a similar improvement throughout the next 12 months because starting in January, the first of the 2007 five-year balloon loans will come due. The 2007 loans will be harder to refinance than the 2006 five-year balloon loans for numerous reasons, including the tightened lending environment.

“While the number may be bumped higher or lower from month to month, we don’t anticipate the average getting higher than its current level,” Trepp said.

The November percentage of 47.1% was higher than the 12-month rolling average of 45.1%.

Prior to 2008, the payoff percentages were typically above 70%. Since the beginning of 2009, however, there have only been three months where more than half of the balance of the loans reaching their balloon date paid off.

County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! We offer free counseling in real estate regarding; home values and information on options of selling vs. Foreclosure.

Click here to get loan informationbefore the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO’s) or thinking of selling your property, please contact me today for free counseling at (619) 540-5811.

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net/ and I’ll be happy to follow up and take great care of them.

HomePath 3% Down payment on Fannie Mae Owned homes & updated Sneak Preview

by Arnie Levine on December 10, 2011

in Government Owned Properties,Latest News,San Diego Foreclosure news,San Diego Investment Properties,San Diego Real Estate

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Benefits to You, the Borrower

  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details

HomePath properties offer buyers a wide selection of options, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down. Click here to find out additional information or to get your loan started using  (Homepath approved lender) to finance your next purchase.

See properties below! Call 619 540-5811 today for a complete list or Click Pro-Search HomePath & Reo Properties!

Street  City Zip Code List Price Contact us TODAY to Preview! Property Type Bedrms Bths Sq Feet Lot Size Year Built
2122 Alpine Glen Pl Alpine 91901 Contact us TODAY Coming Soon Condo 3 2      
1446 Woodcrest St Chula Vista 91910 Contact us TODAY Coming Soon Single-Family 4 3 2382 7433 1993
2074 Barbados Cv Unit 3 Chula Vista 91915 Contact us TODAY Coming Soon Condo 3 3 1321   2002
12191 Cuyamaca College Dr E Unit 212 El Cajon 92019 Contact us TODAY Coming Soon Condo 1 1 669   1995
390 N 1st St Unit 11 El Cajon 92021 Contact us TODAY Coming Soon Condo 2 2 886   1990
1954 Glennaire Dr Escondido 92025 Contact us TODAY Coming Soon Single-Family 4 2 2340 21780 1975
441 Hanford Gln Escondido 92027 Contact us TODAY Coming Soon Condo 3 2 1405 2269 1985
25124 Como Esta Ct Ramona 92065 Contact us TODAY Coming Soon Single-Family 3 2 1769 20700 1972
47114713 Guymon St San Diego 92102 Contact us TODAY Coming Soon Multi-Family 4 3     1953
378 68th St San Diego 92114 Contact us TODAY Coming Soon Single-Family 3 2 1176   1970
5404 Balboa Arms Dr San Diego 92117 Contact us TODAY Coming Soon Condo 2 1 414   1995
6852 Quebec Ct Unit 2 San Diego 92139 Contact us TODAY Coming Soon Condo 2 1 871   1980
150 S Rancho Sante Fe Rd 63 San Marcos 92069 Contact us TODAY Coming Soon Mobile Home 3 2      
3810 Pecos Dr Borrego Springs 92004 $135,000 Just Listed Single-Family 3 2 1356 37897 1983
2585 Lilac Trl Boulevard 91905 $37,500 Just Listed Single-Family 2 1 776   1936
2430 Sierra Morena Ave Carlsbad 92010 $454,900 Just Listed Single-Family 4 2 1799 8102 1967
3119 Via Premio Carlsbad 92010 $269,900 Just Listed Condo 3 2.5 1496   1986
128 Oaklawn Ave Chula Vista 91910 $199,900 Just Listed Single-Family 3 2 1242   1994
200 Telegraph Canyon Rd Apt J Chula Vista 91910 $184,210 Just Listed Condo 2 2 1123   1987
1720 Harvard St Chula Vista 91913 $349,900 Just Listed Single-Family 3 2 1722 7405 1966
550 Graves Ave Unit 14 El Cajon 92020 $106,900 Just Listed Condo 2 2 874   1985
1175 Naranca Ave El Cajon 92021 $184,900 Just Listed Single-Family 3 2 1104 8712 1956
725 E 4th Ave # 4 Escondido 92025 $137,340 Just Listed Condo 2 2 1089   1969
525 W El Norte Pkwy Spc 194 Escondido 92026 $223,450 Just Listed Mobile Home 3 2 1580   2004
264 Parkside Gln Escondido 92026 $189,900 Just Listed Single-Family 3 1.5 1203   1972
331 Retreat Ct Fallbrook 92028 $231,900 Just Listed Single-Family 4 3 1502 6812 1976
9250 Sinsonte Ln Lakeside 92040 $299,900 Just Listed Single-Family 3 2 1302 5227 1964
2836 Washington St Lemon Grove 91945 $229,900 Just Listed Multi-Family 5 3     1970
3006 Linda Dr Oceanside 92056 $280,900 Just Listed Single-Family 4 2 1328   1964
2324 Fallingleaf Rd Oceanside 92056 $299,900 Just Listed Single-Family 4 2 1428   1985
157 Avenida Del Gado Oceanside 92057 $174,500 Just Listed Single-Family 2 1 827   1976
3606 Vista Rey Unit 13 Oceanside 92057 $105,750 Just Listed Condo 2 2 1177   1972
1240 Natoma Way Unit B Oceanside 92057 $299,900 Just Listed Condo 3 3 1539   1996
221 Riverview Way Oceanside 92057 $168,999 Just Listed Condo 3 2.5 1448 2500 1984
13616 Valle De Lobo Way Poway 92064 $283,400 Just Listed Condo 2 3 1659 236530 1978
841 Lamar St Ramona 92065 $209,900 Just Listed Single-Family 4 2 1505 30240 1940
1150 J St Unit 701 San Diego 92101 $260,510 Just Listed Condo 1 1 753 30056 2005
2760 B St Unit 114 San Diego 92102 $139,900 Just Listed Condo 1 1 560   2006
3238 Ashford St Unit P San Diego 92111 $76,300 Just Listed Condo 1 1 463 87120 1975
151 Lausanne Dr San Diego 92114 $224,900 Just Listed Single-Family 4 2 1594 11761 1959
8181 Brennan St San Diego 92114 $267,050 Just Listed Single-Family 3 2 1568   1955
881 Dell Anne Pl San Diego 92114 $245,141 Just Listed Single-Family 3 1 1175 16100 1954
17161 Alva Rd Unit 1724 San Diego 92127 $144,900 Just Listed Condo 1 1      
10235 Bell Gardens Dr Unit 5 Santee 92071 $99,900 Just Listed Condo 2 1.5 1095   1986
8864 Jaylee Ave Spring Valley 91977 $189,900 Just Listed Single-Family 3 1 1034 13111 1960
220 Journeys End Vista 92083 $316,000 Just Listed Single-Family 4 2 1700 12196 2007
519 N Citrus Ave Vista 92084 $189,900 Just Listed Single-Family 3 2 1704 55756 1971
3178 Roadrunner Dr S Borrego Springs 92004 $149,900 Price Reduced Single-Family 3 2 1722 4791 1991
2045 Avenue Of The Trees Carlsbad 92008 $339,900 Price Reduced Single-Family 3 3 2070 1742 1974
3517 Caminito Sierra Unit 101 Carlsbad 92009 $209,900 Price Reduced Condo 2 2 1022   1989
2828 Andover Ave Carlsbad 92010 $209,900 Price Reduced Single-Family 2 2 994   1986
2961 Lancaster Rd Carlsbad 92010 $289,900 Price Reduced Single-Family 2 2.5 1435   1984
1211 Barton Peak Dr Chula Vista 91913 $344,900 Price Reduced Single-Family 5 2.5 2095 3517 2003
1877 Wolf Canyon Loop Chula Vista 91913 $334,900 Price Reduced Single-Family 3 2.5 1671 3131 2006
1654 Irwin St Chula Vista 91913 $294,900 Price Reduced Single-Family 3 3 1511 2700 2006
615 Alveda Ave El Cajon 92019 $324,900 Price Reduced Single-Family 4 2 1990 5662 1971
10208 Stonehurst Dr Escondido 92026 $275,000 Price Reduced Single-Family 3 2 1620 8712 1975
8850 Villa La Jolla Dr Unit 212 La Jolla 92037 $335,000 Price Reduced Condo 2 1 1080   1981
8046 Mazer St Lemon Grove 91945 $239,900 Price Reduced Single-Family 3 2 1008   1955
1937 S Lanoitan Ave National City 91950 $270,000 Price Reduced Multi-Family 10 6   10005 1961
404 N Horne St Unit D22 Oceanside 92054 $269,900 Price Reduced Condo 3 2 1416   2004
1269 Sagewood Dr Oceanside 92056 $224,900 Price Reduced Single-Family 2 2 977 4680 1987
2395 Rancho Del Oro Rd Unit 28 Oceanside 92056 $184,900 Price Reduced Condo 2 2 1008   1991
24557 Del Amo Rd Ramona 92065 $289,900 Price Reduced Single-Family 4 4 2061 22215 1995
5164 Landis St Apt 2 San Diego 92105 $54,900 Price Reduced Condo 1 1 567   1979
4335 Mcclintock St Unit 7 San Diego 92105 $89,900 Price Reduced Condo 1 1 551   1988
4319 Mentone St San Diego 92107 $374,900 Price Reduced Condo 2 1 858 6229 1961
7939 Jamacha Rd San Diego 92114 $184,900 Price Reduced Single-Family 3 2 1148 6534 1979
6883 Amherst St San Diego 92115 $189,900 Price Reduced Single-Family 2 2 1040 4994 1972
10772 Escobar Dr San Diego 92124 $391,900 Price Reduced Single-Family 4 3 1558 2918 1972
11250 Corte Playa Madera San Diego 92124 $514,000 Price Reduced Single-Family 4 3 1858 3497 1990
1140 Walpen Dr San Diego 92154 $270,000 Price Reduced Single-Family 4 2 1520 5196 1979
1627 W Augusta Dr San Marcos 92069 $275,900 Price Reduced Single-Family 4 2 1315   1974
1217 Camino Del Sol San Marcos 92069 $299,999 Price Reduced Single-Family 3 2 1315 4138 1995
10291 Bell Gardens Dr Unit 2 Santee 92071 $139,900 Price Reduced Condo 3 2 1144 128066 1986
238 Goetting Way Vista 92083 $214,900 Price Reduced Single-Family 2 3 1450 12283 1947
395 I St Chula Vista 91910 $181,900 Back On Market Single-Family 3 1 874 5662 1927
772 Beech Ave Chula Vista 91910 $220,000 Back On Market Single-Family 3 1 1265 6900 1954
1327 Claim Jumper Ln Unit 4 Chula Vista 91913 $178,900 Back On Market Condo 2 2 1071 38594 2004
2114 Palo Alto Dr Unit 90 Chula Vista 91914 $185,000 Back On Market Condo 2 2 1061   2006
2250 Treewind Ln Chula Vista 91915 $314,900 Back On Market Single-Family 4 3 2075   2005
1604 Living Rock Ct Chula Vista 91915 $304,900 Back On Market Single-Family 4 2.5 1803   2006
1661 Stone Edge Cir El Cajon 92021 $139,900 Back On Market Condo 2 1.5 1097   1980
711 W 8th Ave Escondido 92025 $174,900 Back On Market Single-Family 2 1 1270 7000 1946
724 N Ash St Escondido 92027 $84,900 Back On Market Single-Family 3 2   6000  
1374 Old Stage Rd Fallbrook 92028 $184,900 Back On Market Single-Family 3 2 2118 10890 1975
9145 Chris Lane Guatay 91931 $137,900 Back On Market Single-Family 2 1 809 13068 1956
3856 Paula St La Mesa 91941 $214,900 Back On Market Single-Family 2 1 1063 8000 1949
1655 Skyline Dr Lemon Grove 91945 $274,900 Back On Market Single-Family 4 2.5 2292 6900 1947
3003 E 11th St National City 91950 $234,900 Back On Market Single-Family 3 2 1659 5300 1961
13321334 Dubuque St Oceanside 92054 $269,900 Back On Market Multi-Family 4     8033 1959
3345 Tropicana Dr Oceanside 92054 $229,900 Back On Market Single-Family 3 1 1470 6000 1963
5018 Alicante Way Oceanside 92056 $299,900 Back On Market Single-Family 2 2 1807 4094 1988
4169 Diamond Cir Oceanside 92056 $209,900 Back On Market Single-Family 2 1 776 8665 1985
3625 Vista Oceana Unit 20 Oceanside 92057 $163,500 Back On Market Single-Family 2 2 1123   1980
31762 S Grade Rd Pauma Valley 92061 $94,500 Back On Market Single-Family 2 1 1050 21780 1950
1610 Montecito Rd Ramona 92065 $124,900 Back On Market Single-Family 3 2 1568 1 1986
3566 Polk Ave San Diego 92104 $299,900 Back On Market Single-Family 4 2 1197 3001 1923
5216 Chollas Pkwy San Diego 92105 $212,550 Back On Market Single-Family 3 1 1260 5500 1951
4315 Loma Riviera Ct San Diego 92110 $225,000 Back On Market Condo 1 1 876   1967
5414 Via Bello San Diego 92111 $310,650 Back On Market Single-Family 3 2 1178   1958
6215 Tooley St San Diego 92114 $181,900 Back On Market Single-Family 3 1.5 1387 5000 1950
12184 Rancho Bernardo Rd San Diego 92128 $174,900 Back On Market Condo 2 2 1182 88426 1968
10406 Caminito Rimini San Diego 92129 $158,050 Back On Market Condo 2 1      
10933 Caminito Arcada San Diego 92131 $294,900 Back On Market Single-Family 2 3 1014 22520 1997
7374 Tooma St # 213 San Diego 92139 $110,000 Back On Market Condo 2 1 840   1980
940 Bolex Way San Marcos 92078 $281,250 Back On Market Condo 2 2      
8758 Williams Ct Santee 92071 $324,900 Back On Market Single-Family 3 3 1549 6751 1983
941 Sacramento Ave Spring Valley 91977 $214,900 Back On Market Single-Family 3 2 1260 7405 1977
15122 Fruitvale Rd Valley Center 92082 $249,900 Back On Market Multi-Family 4 4     1938
1206 Via Angelica A K A Diablo Pl Vista 92081 $294,900 Back On Market Single-Family 3 3 1706 4400 1994
2112 E Vista Way Apt 3 Vista 92084 $74,900 Back On Market Condo 1 2 1056   1980

Self Search List of Fannie Mae foreclosures below or Contact us TODAY  

Real estate sales rise in all 50 states in Q3

by Arnie Levine on November 13, 2011

in Finance,Latest News,Real Estate news,San Diego Investment Properties,San Diego Real Estate

Home sales rose in all 50 states and Washington, D.C., in the third quarter, though median prices fell in the vast majority of metropolitan areas covered by the National Association of REALTORS® in its latest quarterly report.

Of 150 metro areas, 111 (74 percent) saw the median sales price of existing single-family homes decline in third-quarter 2011 compared to third-quarter 2010. The remaining 39 metros saw price gains.

Nationally, the median sales price fell 4.7 percent year over year, to $169,500 — a steeper annual decline than that seen in the second quarter (down 2.8 percent). In its latest forecast, NAR expects median existing-home prices to decline 4 percent this year compared to 2010.

The trade group also expects existing-home sales to increase by 1 percent this year to a seasonally adjusted annual rate of 4.955 million.

Total U.S. existing-home sales — which include single-family homes, condominiums and co-ops — rose to a seasonally adjusted annual rate of 4.88 million in the third quarter.

That’s a 17 percent jump compared to third-quarter 2010, when sales tumbled following the expiration of a federal homebuyer tax credit program. Sales remained essentially flat compared to the second quarter.

Distressed homes, typically sold at a discount compared to traditional homes, accounted for 30 percent of sales in the third quarter, down from 34 percent in third-quarter 2010, the report said. First-timers made up 32 percent of buyers, down from 34 percent at the same time a year ago.

Cash buyers and investors accounted for about the same share of purchases as in third-quarter 2010: 29 percent and 19 percent, respectively.

Regionally, the Midwest saw the biggest annual jump in sales, up 25.1 percent to an annual level of 1.08 million. Of the 10 states with the largest year-over-year increases in sales in the third quarter, half are in the Midwest.

State Q3 2010 Q3 2011 % Chg.
NORTH DAKOTA 9,200 12,800 39.1%
UTAH 22,000 30,400 38.2%
NEBRASKA 24,400 33,200 36.1%
IDAHO 28,400 38,000 33.8%
IOWA 40,000 53,200 33.0%
WISCONSIN 59,600 77,200 29.5%
DELAWARE 8,400 10,800 28.6%
VERMONT 8,400 10,800 28.6%
OKLAHOMA 58,800 74,800 27.2%
SOUTH DAKOTA 12,000 15,200 26.7%

Source: National Association of Realtors.

The region’s median sales price fell 2.2 percent year over year to $142,300 — tied with the South for the smallest regional decrease. Of the 10 metro areas with the highest price increases, six are in the Midwest.

Metro area Q3 2010 Q3 2011 % Chg.
Grand Rapids, Mich. $89,900 $111,200 23.7%
South Bend-Mishawaka, Ind. $79,100 $94,800 19.8%
Palm Bay-Melbourne-Titusville, Fla. $93,100 $109,600 17.7%
Youngstown-Warren-Boardman, Ohio-Pa. $60,400 $68,300 13.1%
Green Bay, Wis. $120,500 $135,700 12.6%
Canton-Massillon, Ohio $79,500 $88,700 11.6%
Peoria, Ill. $119,400 $132,600 11.1%
Binghamton, N.Y. $109,000 $120,500 10.6%
Jackson, Miss. $129,500 $139,400 7.6%
Spartanburg, S.C. $115,500 $124,100 7.4%

Note: Data for third-quarter 2011 is preliminary.

Source: National Association of Realtors.

In the South, sales rose 15.5 percent to 1.89 million. Of the 10 areas to see the smallest increases in sales, half are in the South, including Washington, D.C.

State Q3 2010 Q3 2011 % Chg.
VIRGINIA 102,400 106,000 3.5%
Washington, D.C. 8,000 8,400 5.0%
HAWAII 18,800 20,000 6.4%
CALIFORNIA 442,800 475,600 7.4%
CONNECTICUT 38,000 40,800 7.4%
WEST VIRGINIA 24,800 27,200 9.7%
MARYLAND 64,000 70,400 10.0%
FLORIDA 348,800 385,600 10.6%
WYOMING 7,200 8,000 11.1%
MASSACHUSETTS 86,000 96,400 12.1%

Source: National Association of Realtors.

The South’s median sales price declined by 2.2 percent to $153,200.

Sales in the West increased 16.7 percent to 1.14 million. The region saw the biggest median price drop, 9 percent.

Of the 14 metro areas to see double-digit price declines, six are in the South and five are in the West.

Metro area Q3 2010 Q3 2011 % Chg.
Mobile, Ala. $120,000 $98,800 -17.7%
Phoenix-Mesa-Scottsdale, Ariz. $138,000 $113,700 -17.6%
Allentown-Bethlehem-Easton, Pa.-N.J. $234,900 $193,800 -17.5%
Salt Lake City $215,600 $182,600 -15.3%
Gulfport-Biloxi, Miss. $118,100 $103,100 -12.7%
Miami-Fort Lauderdale-Miami Beach, Fla. $214,800 $187,600 -12.7%
Rockford, Ill. $110,700 $96,900 -12.5%
Virginia Beach-Norfolk-Newport News, Va.-N.C. $215,000 $190,000 -11.6%
Tucson, Ariz. $148,100 $131,100 -11.5%
Akron, Ohio $105,700 $93,600 -11.4%
Hagerstown-Martinsburg, Md.-W.Va.  $143,800 $127,700 -11.2%
Las Vegas-Paradise, Nev. $138,100 $122,700 -11.2%
Atlanta-Sandy Springs-Marietta, Ga. $113,500 $101,900 -10.2%
San Francisco-Oakland-Fremont, Calif. $547,500 $491,900 -10.2%

Note: Data for third-quarter 2011 is preliminary.

Source: National Association of Realtors.

Sales in the Northeast saw the smallest increase, 11.6 percent, to an annual rate of 770,000. The region saw its median price drop 6.5 percent to $236,700.

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth? Click here for a free market evaluation !

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program. If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

Housing Investment for the Long Haul

by Arnie Levine on November 13, 2011

in Latest News,Real Estate news,San Diego Investment Properties

On November 4, 2011, in Economist Commentaries, by Lawrence Yun, Chief Economist

Home prices took a rough ride in the past decade. The past 10 years were  an anomaly fueled by easy credit availability. Those days are over – and for the better. Most Americans believe in hard work (and not easy credit) before being able to enjoy the fruits of their labor.


 

The chart below shows the long historical trend in median prices of a single-family home in the U.S.   A typical buyer purchased a $23,000 home back in 1970. The monthly mortgage payment on that home, assuming a 5 percent down payment, would have been $153 per month for 30 years. So a homeowner who did not do a cash-out refinance would  have paid off their mortgage by the year 2000. So imagine no further rent or mortgage payments. Currently in America there about 25 million homeowners who own their homes free-and-clear.

On top of no mortgage payments, the median price of a home in 2000 was $143,000. This is something a person could bequeath to their loved ones when the time arrives or even use for charity donations: the fruits of one’s lifetime labor being put to a good use.

Home prices took a rough ride in the past decade, it’s true. But let’s not forget about the very basic and long-term benefits of homeownership for those who are willing to stay well within their financial capacity.

Capture1 Housing Investment for the Long Haul

County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! We offer free counseling in real estate regarding; home values and information on options of selling vs. Foreclosure.

Click here to get loan informationbefore the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO’s) or thinking of selling your property, please contact me today for free counseling at (619) 540-5811.

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net/ and I’ll be happy to follow up and take great care of them.

Rental Demands heating up

by Arnie Levine on October 21, 2011

in Latest News,Real Estate news,San Diego Investment Properties,San Diego Real Estate

rental agreement Rental Demands heating up Freddie Mac (OTC: FMCC) recently released its U.S. Economic and Housing Market Outlook for October showing with rental demand rising and apartment economics improving, the multifamily sector is a strong positive signal for the U.S. housing industry.

Over the year ending mid-2011, the Census Bureau reported a net increase of 1.4 million households that moved into rental housing, a 4 percent rise in the number of tenant households in just one year.

The U.S. homeownership rate has fallen about 1.5 percent over the past year (from 66.9 percent to 65.9 percent during the second quarter of 2011) with owner rates falling by 4.4 percent (to 21.9 percent) for those under 25 years of age and by 7 percent (to 34.7 percent) for those aged 25 to 29 years.

Apartment rents, which had been flat to falling in many projects during the 2008-2009 recession, have begun to rise, albeit slowly.

New construction starts of apartments in buildings with at least 20 dwellings has picked up this year, and in the second quarter was the highest since the end of 2008.

Ten-year constant-maturity Treasury yields averaged 1.98 percent in September, the lowest monthly average since the Federal Reserve’s series began in 1953; these yields are a common benchmark for multifamily mortgage rates, and suggest that mortgage rates fell to new lows for multifamily lending in recent weeks.

“New construction starts are slowly picking up and multifamily lending appears to be rising as well with this year’s origination volume stronger than 2010′s,” says to Frank Nothaft, Freddie Mac, vice president and chief economist. “In part, the rise in originations is related to the low-level of mortgage rates, improving apartment-sector economics, and the return of traditional lenders that had curtailed activity during the recession.”

With rents rising faster than last year, the picture for residential real estate investors is getting even better than it already was as a result of once-in-a-generation prices and low interest rates, according to the founder of a leading Internet platform for investors and real estate professionals. [click to continue…]

Is commercial real estate prices going to rebound?

by Arnie Levine on September 23, 2011

in Latest News,Real Estate news,San Diego Investment Properties

SF Fed Cap rate 300x239 Is commercial real estate prices going to rebound?

 Investors are expecting a widespread rebound in U.S. commercial real estate markets, according to an analysis published Monday by the San Francisco Federal Reserve Bank.

With the two most widely followed measures of commercial real estate prices showing divergent trends since early 2010, economists at the San Francisco Fed turned to capitalization rates as an indicator of expected returns on commercial properties.

“Recent declines in these cap rates appear to be signaling a commercial real estate rebound, indicating improved investor expectations of price growth in the market,” said the San Francisco Fed’s economic letter.

The cap rate measures the ratio of net operating income to the price of a property and serves as a rough approximation of expectations regarding return on a property investment.

It can also be looked at as the commercial real estate equivalent of the price/earnings ratio of a stock, according to the San Francisco Fed: “The rent/price ratio is largely a function of interest rates and expected increases in the property’s price.”

After declining from 2004 to 2007 as investor expectations for price appreciation rose, cap rates jumped in 2008. “During the financial crisis, CRE prices dropped about 40% and the market for financing CRE transactions was severely disrupted, resulting in very high CMBS (commercial mortgage-backed securities) yields,” said economists Bart Hobijn and John Krainer in the economic letter.

After the crisis, “yields for top-rated credits more or less returned to normal,” they said. But since the summer of 2010, cap rates have dropped half a percentage point as high-rated CMBS yields have risen about 30 basis points. A basis point is one-hundredth of a percent.

“The decline in cap rates despite the slight increase in interest rates suggests that investor expectations for CRE price appreciation have strengthened,” the letter said.

Thus, the behavior of cap rates indicates that the market has priced in a slight rebound in CRE prices,” it continued. “This could reflect improved fundamentals, such as expectations that rents will increase, or improved investor sentiment, such as an ebbing of investor risk aversion.”

Price appreciation in Kansas City, Minneapolis, Salt Lake City and Austin, Texas, is expected to be about 2% higher than national trends would indicate, said Hobijn and Krainer.

Please feel free to contact me today for free counseling at (619) 540-5811 .

By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net and I’ll be happy to follow up and take great care of them.

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