Full Story U.S. mortgage rates rose, pushing borrowing costs for a 30-year loan to the highest in six weeks. The average rate for a 30-year fixed mortgage climbed to 3.51 percent in the week ended today, up from 3.42 percent and the highest since early April, McLean, Virginia-based Freddie Mac…
A budget proposal for the National Association of Realtors projects the trade group will run at a loss for the next three years. The proposal projects the operating budget’s net revenue will total $1.71 million in 2013 but anticipates NAR will have to dip into reserves for between $614,559 and…
With housing prices on the rise across the nation, and double-digit increases in some markets, CoreLogic quashes any fears of another housing bubble forming any time soon. In fact, according to the CoreLogic Case-Shiller Home Price Indexes released Thursday, the rapid gains are not expected to last. After a 7.3…
Builders continued to hire more workers in April, though employment among an age cohort important to household formation slipped, according to today’s jobs report, which showed more overall growth than expected. Residential construction jobs are up 4.1 percent year over year, towering about the overall jobs growth rate of 1.6…
Read Article Any homebuyer on the market right now will tell you the crowd of buyers and multiple offers are creating a challenge. Those in search of distressed homes owned by the U.S. Department of Housing and Urban Development are not immune to this supply-and-demand situation. In fact, recently one…
Read More The National Association of Home Builders (NAHB) commends the bipartisan Senate sponsors of legislation to advance comprehensive immigration reform and today called on lawmakers to improve the guest worker provisions in the bill to address the significant role that foreign workers play in the housing industry and to…
Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous month to rest at 29 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This is the highest level the index has…
During a frenetic one-day New York media tour last week, I got the chance to sit down with Fred Katayama of Reuters to discuss the foreclosure numbers, which show that bank repossessions (REOs) dropped to a 49-month low in April. Banks seized a total of 51,415 U.S. properties during the…
Spending on construction of new residential housing and improvements to existing homes is at a three-year high, a trend that may boost sales at Home Depot Inc. (HD) and Lowe’s Cos. (LOW) Private-residential fixed investment, which includes major replacements such as new roofs and improvements like finishing a basement, rose…
On May 8, 2012, the Port of San Diego Board of Port Commissioners and the Chula Vista City Council unanimously approved the financing agreement for the Chula Vista Bayfront Master Plan (CVBMP). Following a decade-long community participation and planning process, the actions taken by both governing bodies are the first…
Continuing with its sales streak, Van Daele at San Miguel Ranch in Chula Vista just sold another four homes in 10 days. All four were made to home buyers working with local real estate brokers — who are involved in over 50 percent of all sales at Van Daele at…
Resmark Apartment Living, a division of The Resmark Companies, a full-service real estate investment advisor, announced today that it has entered into a joint venture with ColRich to develop two apartment communities totaling 427 units in southern San Diego County. The 19.6 acre development site, currently under construction, is located…
Tastefully appointed Otay Ranch home with all of the upgrades your buyers want. Exotic wood floors, upgraded carpet,granite counters in the kitchen and all bathrooms, custom paint, tile floors in bathrooms, bedroom on the 1st floor with full bath. The tranquil backyard is great for entertaining or relaxing. Heritage park…
Spacious, beautiful 5 bedroom house in lovely Otay Ranch neighborhood. End of cul-de-sac privacy. Lush, Easy maintenance landscaping, artificial turf putting green in back. Backyard oasis with huge built-in BBQ, sink, large covered patio, fire pit for cozy evenings, Interior upgraded with beautiful hardwood flooring, open flowing floor plan, lots…
On February, 28, 2012, this 5 Bedroom, 3 Bath, 2,578 sq. foot house sold for $440,000. Eastlake Times www.Eastlaketimes.com is an online guide to Eastlake, a master planned community of Chula Vista. Eastlake News, Sports, Business, Entertainment, Chula Vista Real Estate, and more. More Posts – Website Follow Me:…
Union Tribune by Roger Showley Despite depressed housing conditions, closed retail spaces and a lagging job market, McMillin Cos. stepped up its drive Wednesday to get started on a massive, $4 billion, mixed-use project in Otay Ranch, which it is dubbing “Millenia.” Company executives unveiled a marketing campaign at a…
Councilman Rudy Ramirez will host his Public Office Hours at 6:00 PM on Monday, February 6, 2012 at Thurgood Marshall Elementary School at 2295 MacKenzie Creek Road, Chula Vista, CA 91914. Councilman Ramirez will be discussing an alleged housing scam where foreclosed homes are being rented out by…
Full Article The economy in the U.S. expanded less than previously estimated in the third quarter, reflecting a drop in inventories that points to a pickup in growth as 2011 comes to a close. Gross domestic product climbed at a 2 percent annual rate from July through September, less than…
Full Article The average interest rate on mortgages sold to the government-sponsored enterprises fell 20 basis points to 4.36% in October, the Federal Housing Finance Agency said. The agency bases its average rates on conventional, 30-year, fixed-rate mortgage purchases of $417,000 or less. Eastlake Times www.Eastlaketimes.com is an online guide…
Full Article NEW YORK (CNNMoney) — The number of banks at risk of failing fell in the third quarter, marking the second straight quarterly decline, according to a government report issued Tuesday. Banks deemed troubled by the Federal Deposit Insurance Corp. dropped by 21 to 844, the agency said in…
President Obama signed into law a government spending bill Friday morning effectively reinstalling higher conforming loan limits for the Federal Housing Administration through the end of 2013.…
Full Article The Chicago-based credit bureau calculates the mortgage delinquency rate as the percentage of borrowers 60 or more days behind on their payments, excluding those that are already in foreclosure. The rate increased to 5.88 percent as of the end of the third quarter. TransUnion’s latest assessment follows a…
Full Article Home values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers. The median price of a single-family home decreased from a year earlier in 111 metropolitan areas out of the 150 measured, the National Association of Realtors said in…
Full Article As the financial crisis hit a high in Europe last week, here in the U.S. mortgage rates headed lower making another all time record. The potential of a Greek default held everyone’s attention even as some positive data was being released for the U.S. economy. By Friday, the…
Gorgeous family home in the Trails. Private courtyard leads to double door entry, formal front room. Formal dining w/ french doors. Gourmet kitchen with stainless appliances. Mocha maple cabinets, Family room w/ fireplace. 1 bed & Bath downstairs Tons of storage. Large master suite with soak tub and his/hers walk-in closets. SOLD…
Looking to purchase a home? Want to make improvements to your current residence? Having trouble making mortgage payments? Visit the free South Bay Homeownership Resource Fair at Chula Vista City Hall, 276 Fourth Avenue on Saturday, October 29. The event, scheduled from 10 a.m. to 2 p.m., is sponsored by…
The number of contracts to purchase previously owned U.S. homes unexpectedly fell in September as lower prices and borrowing costs failed to support demand. http://www.bloomberg.com/news/2011-10-27/pending-sales-of-u-s-existing-homes-unexpectedly-falls-4-6-on-demand-ebb.html The 4.6 percent decrease in the index of pending home sales, the biggest since April, followed a 1.2 percent drop the previous month, the National…
http://bottomline.msnbc.msn.com/_news/2011/10/24/8465654-us-announces-help-for-underwater-homeowners?GT1=43001 A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners of the estimated 11 million whose homes are worth less than their mortgage. The Federal Housing Finance Agency, which oversees mortgage finance sources Fannie Mae and Freddie Mac,…
http://www.owneastlake.com/2011/just-sold-1346-silver-hawk-way-chula-vista-ca-91915/ Just Sold – $475,000 APPROVED SHORT SALE. Beautifully upgraded home in Eastlake Vistas. Kitchen has island w/granite countertops, stainless steel appliances & large pantry. Flooring throughout home is hardwood, designer carpet & upgraded tile. Backyard features large bbq, firepit & dog run. 1st floor features formal living room…
Source RealtyBaron, an auction-based property search site that also offers agent referrals, has launched an application for the social networking site Facebook, the site announced this week. Called “Real Estate Answers,” the app allows users to ask real estate questions, get answers from local agents, and publish questions to their…
Whenever you buy or sell real estate, you may be like millions of other people out there, in thinking that you don’t need a real estate agent. Many people who buy or sell homes, generally think that a real estate agent is a waste of money. Those who choose to…
Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows fixed mortgage rates holding steady amid mixed economic reports and some signs of improvement in the housing market. The 5-year adjustable-rate mortgage hit a new record low at 3.22 percent, dropping…
EastHills is pleased to announce the completion of the renovation of the home at 1426 Janal Ranch Road in Eastlake Vistas. This 4,200 (approx) home has been completely renovated and upgraded. Situated on an oversized lot, this large home (6 Br, 5 baths) is now ready for move-in. Please join…
San Diego-based Pathfinder Partners, LLC has acquired The Eastlake Medical and Professional Center – an office and medical condominium project located on Otay Lakes Road in Chula Vista’s Eastlake area. Bringing a long-stalled property back on the market, Pathfinder has listed the property, renamed Eastlake Professional Center, with commercial brokerage…
Mid year thru 2011, San Miguel Ranch and the Zip Code 91914 boasts the most expensive Real Estate in the Eastlake area according to SANDICOR, San Diego’s Multiple Listing Service. Looking at all residential detached homes since January 1st, 2011, 1855 Camino Mojave sold for $800,000 on May 13, 2011.…
www.Eastlaketimes.com is an online guide to Eastlake, California, a master planned community of Chula Vista.
Eastlake News, Sports, Business, Entertainment, Chula Vista Real Estate, and more.