San Diego Real Estate Record Traffic

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not only set a new monthly traffic record, but, as far as we know, is the most visited San Diego website!

Foreclosures: Will banks cut their losses?

Foreclosures: Will banks cut their losses? - Buy a House: MLS Listings & Home Buying Tips - MSN Real Estate: "With a wave of people losing their homes, lenders are considering whether to auction off properties for less than what they're owed.
By Aleksandra Todorova, SmartMoney
© Beathan/Corbis

Brett Golden, 31, was one of the few bidders at a recent foreclosure auction to walk out with a purchase: a 2.5-story, 1,352-square-foot house in Queens, N.Y., that he got for $365,000. The previous owner had bought it in June 2005 for $415,000.

Once Golden and his father -- who together run a 50-year-old family business of buying and flipping foreclosed properties -- are done fixing this place, they hope to sell it for about $480,000, netting up to $80,000 after expenses." San Diego real estate agent

San Diego housing bubble

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N.J. housing is priciest ; Median costs highest in nation

After a six-year run-up in housing prices, many households in New Jersey are staggering under heavy monthly shelter costs, the U.S. Census Bureau reported today. Among mortgage holders, New Jerseyans in 2005 paid the highest median housing costs in the nation $1,938 a month, including mortgage payments, property taxes, home insurance, condo fees and utilities.
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BUILDER CONFIDENCE DECLINES TO LOWEST LEVEL SINCE FEBRUARY 1991

The confidence level of the nation's home builders declined for the eighth consecutive month in September, a reflection of increased sales cancellations and rising inventories of unsold homes, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The seasonally adjusted HMI stands at 30 this month, down three points from August and down 35 points from a year ago. In the West, the HMI has steadily declined since April and now stands at 38. An HMI below 50 indicates more builders view sales conditions as poor versus good. Newer sites: San Diego hotels - San Diego lasik

Realtors - Housing Values to fall!

September 18, 2006—Housing prices are expected to continue to have a limited fall throughout 2006, according to testimony submitted by the National Association of Realtors at today’s Senate Banking Committee.
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Housing Starts Drop 5.3 Percent in June

Housing Starts Drop 5.3 Percent in June
(Washington - July 19, 2006) - Total housing starts dropped 5.3 percent in June to a seasonally adjusted annual rate of 1.850 million units, according to figures released by the Commerce Department today. This was 11.0 percent below the pace of a year ago.
Single-family housing starts were down 6.5 percent for the month to a pace of 1.486 million units, a 13.8 percent drop from the June 2005 pace. Multifamily housing construction was up 0.3 percent for the month to a seasonally adjusted pace of 364,000 units.
'NAHB's surveys of single-family builders have been showing a steady decline in confidence since the middle of last year, and builders are acting accordingly. They are slowing their production as market conditions and demand cool down,' said David Pressly, president of the National Association of Home Builders (NAHB) and a home builder from Statesville, N.C. "