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Yesterday I received a package from an investor, Penny, who has purchased one of the top floor (11th floor) suites in the Hard Rock Hotel in San Diego. Inside the package were a few pictures that were taken from Erdman Video Systems, Inc during the Hard Rock Hotel’s construction and according to Penny were posted [...]

This morning I received a call from an investor who had purchased one of the Hard Rock Hotel’s suites in San Diego. The investor sounded very frustrated with the developer and its current policy to not allow outside Realtors to resell properties that current owners want to be sold claiming that this policy is against [...]

President George W. Bush today signed into law an economic stimulus package that among others includes raising the limits on conforming mortgages financed by Fannie Mae and Freddie Mac to $729,750 from the current limit of $417,000 through December 31 of 2008. It would also indefinitely raise the limit on Federal Housing Administration-backed mortgages to [...]

A three bedroom Rancho Bernardo home under 300,000? That is what I questioned myself when I saw this 1225 square feet three bedroom - two bath condominium with a 1-car detached garage at the Vista Del Lago community of Rancho Bernardo.

In an effort to further boost the ailing economy, for a second time in eight days the Federal Reserve cut its federal funds rate (the rate banks charge each other for overnight loans) by a half percentage point

Today’s rate cut by the Federal Reserve would mean lower interest rates on home equity loans and also lower rates on mortgage loans for purchasing real estate. Your monthly mortgage payment could now buy you more home than before.

Real estate sales in the San Diego County for December 2007 (revised today) for resale attached (condos - townhomes) and dettached single family homes as reported through the San Diego MLS were as follow:

UPDATE: 1/17/2008
Yesterday, while I was trying to analyze the extremely low number of detached single family home sales that was reported by SDAR (San Diego Association of Realtors) for December 2007, I could not get their numbers to equal those I kept getting through the MLS database while performing custom searches.

You have done your research; have signed a listing agreement with a Realtor; the “For Sale” sign has been installed in your yard or has been placed in your condo’s window and your Realtor has listed the house for sale on the local MLS for a while now… yet your house remains unsold three-four months [...]

Four out of ten (40%) homes that I posted two weeks ago as the best real estate deals that could be found during December among the homes for sale in the San Diego home listings database are already off the market.