Is anyone interested in listening to some music? Call me if you want to go to the El Cajon - Concerts on the Green. Great way to unwind after a busy week on a cool summer night.
Fridays, 6:00 to 8:00 pm
El Cajon Plaza / Amphitheatre
200 Civic Center Way
(formerly 200 East Main Street)
Parking is available at the El Cajon Courthouse on W.D. Hall Drive
Here is the schedule for the remainder of the summer.
July 30 Java (Dance)
August 6 The Stilettos (Rockabilly)
August 13 The Cat-illacs (Rock & Roll)
August 20 The Coolrays (Beach Boys Tribute)
August 27 Diamond is Forever (Neil Diamond Tribute)
September 3 FX5 (Dance)
Friday, July 30, 2010
Thursday, July 29, 2010
S.D. home prices up 12.4% in May
BY JENNIFER DAVIES UNION-TRIBUNE STAFF WRITER
ORIGINALLY PUBLISHED JULY 27, 2010 AT 6:49 A.M., UPDATED JULY 27, 2010 AT 2:58 P.M.
San Diego home prices increased 12.4 percent in May from a year ago and San Diego was the only metro area in the country with 13 months of consecutive increases in home prices, says the latest Standard & Poor’s Case-Shiller Home Price Index released Tuesday.
San Diego’s increase was the second highest of the 20 metro areas surveyed, with San Francisco taking the top spot with an 18.3 percent increase.
On a monthly basis, San Diego saw its home prices increase 1.1 percent. Since spring is one of the busiest times for home selling, Case-Shiller also provides seasonally adjusted numbers, which showed San Diego with a slightly lower increase at 0.6 percent.
On a nationwide level, prices in the 20 metro areas Case-Shiller tracks were up 4.6 percent from May 2009.
Despite the increases, there are plenty of reasons to be pessimistic about the housing market for the rest of the year.
While prices nationally have improved from the lows hit in April 2009 — San Diego hit its Case-Shiller low in May 2009 — they’ve essentially been flat for much of the past seven months. According to Case-Shiller’s index, home prices in San Diego are at about the same level they were in June 2003.
Maureen Maitland, vice president of Index Services at Standard & Poor’s, said the end of tax credits and the busiest home-buying season means there is little else to prop up home prices.
“Sure, April and May look good. But you have to look at the trends,” she said. “Going forward, all bets are off. You need true economic recovery for the housing market to be sustained.”
Kelly Cunningham, an economist with National University System Institute for Policy Research, said he doesn’t foresee the San Diego region going through another gut-wrenching drop in housing prices but he also doesn’t see any eye-popping gains, either.
“It’s going to be kind of stagnant is the best way to put it,” he said.
Still, stagnant might not be all that bad when compared to other parts of the country. San Diego and other California cities have been performing better than their counterparts in the Sunbelt because they didn’t go through frenzied building sprees during the bubble.
“In coastal California, we have constrained housing development,” Cunningham said. “It comes back down to supply and demand. We don’t have the problems that Las Vegas, Phoenix or even Riverside have.”
Jennifer Davies: (619) 293-1373; jennifer.davies@uniontrib.com
ORIGINALLY PUBLISHED JULY 27, 2010 AT 6:49 A.M., UPDATED JULY 27, 2010 AT 2:58 P.M.
San Diego home prices increased 12.4 percent in May from a year ago and San Diego was the only metro area in the country with 13 months of consecutive increases in home prices, says the latest Standard & Poor’s Case-Shiller Home Price Index released Tuesday.
San Diego’s increase was the second highest of the 20 metro areas surveyed, with San Francisco taking the top spot with an 18.3 percent increase.
On a monthly basis, San Diego saw its home prices increase 1.1 percent. Since spring is one of the busiest times for home selling, Case-Shiller also provides seasonally adjusted numbers, which showed San Diego with a slightly lower increase at 0.6 percent.
On a nationwide level, prices in the 20 metro areas Case-Shiller tracks were up 4.6 percent from May 2009.
Despite the increases, there are plenty of reasons to be pessimistic about the housing market for the rest of the year.
While prices nationally have improved from the lows hit in April 2009 — San Diego hit its Case-Shiller low in May 2009 — they’ve essentially been flat for much of the past seven months. According to Case-Shiller’s index, home prices in San Diego are at about the same level they were in June 2003.
Maureen Maitland, vice president of Index Services at Standard & Poor’s, said the end of tax credits and the busiest home-buying season means there is little else to prop up home prices.
“Sure, April and May look good. But you have to look at the trends,” she said. “Going forward, all bets are off. You need true economic recovery for the housing market to be sustained.”
Kelly Cunningham, an economist with National University System Institute for Policy Research, said he doesn’t foresee the San Diego region going through another gut-wrenching drop in housing prices but he also doesn’t see any eye-popping gains, either.
“It’s going to be kind of stagnant is the best way to put it,” he said.
Still, stagnant might not be all that bad when compared to other parts of the country. San Diego and other California cities have been performing better than their counterparts in the Sunbelt because they didn’t go through frenzied building sprees during the bubble.
“In coastal California, we have constrained housing development,” Cunningham said. “It comes back down to supply and demand. We don’t have the problems that Las Vegas, Phoenix or even Riverside have.”
Jennifer Davies: (619) 293-1373; jennifer.davies@uniontrib.com
Monday, July 26, 2010
Wednesday, July 14, 2010
What is Title Insurance?
Title insurance companies, unlike property or medical insurance companies work to eliminate risk before something happens. Title insurance premiums are paid to identify and eliminate potential claims and risk before they happen. Medical and homeowner insurance premiums are paid to insure against an unpredictable future event. Title insurance premium is paid once, during escrow while other types of insurance are paid at regular intervals and are renewed.
The goal of a title company is to conduct a thorough search and evaluation of public records to prevent any future claims. The experts are trained to identify the rights others may have to your property, such as recorded liens, legal actions, disputed interests, rights of way or other encumbrances on your title. They should have extensive experience in local Boundary Lines and Easement locations which will enable them to forecast potential obstacles in a transaction.
There are 2 different types of title companies. Direct Writers issue their own policy and have reserves set aside to back the policies of title insurance they issue. Title Agents operate like a direct writer, however they do not issue their own policy of title insurance but rather pay a fee to the direct writer for the right to issue a policy of title insurance.
The goal of a title company is to conduct a thorough search and evaluation of public records to prevent any future claims. The experts are trained to identify the rights others may have to your property, such as recorded liens, legal actions, disputed interests, rights of way or other encumbrances on your title. They should have extensive experience in local Boundary Lines and Easement locations which will enable them to forecast potential obstacles in a transaction.
There are 2 different types of title companies. Direct Writers issue their own policy and have reserves set aside to back the policies of title insurance they issue. Title Agents operate like a direct writer, however they do not issue their own policy of title insurance but rather pay a fee to the direct writer for the right to issue a policy of title insurance.
Tuesday, July 6, 2010
El Cajon Real Estate Market Report For June 2010
Here is the real estate market report for El Cajon for the month of June. Below you will find information for the 3 El Cajon zip codes. This report includes information for single family homes only, condos are not included.
92019
There are 107 active listings ranging from $219,000 for 3 bedroom 2 bath, 1180 sqft to $2,595,000 for 4 bedroom 6 bath, 5890 sqft.
52 properties are pending, in escrow.
25 properties sold in June ranging from $185,000 for 2 bedroom 1 bath, 955 sqft to $778,000 for 4 bedroom 4 bath, 3702 sqft. The average market time was 70 days.
92020
There are currently 97 active listings ranging from $159,000 for 2 bedroom 1 bath, 780 sqft to $999,900 for 4 bedroom 4 bath, 4700 sqft.
53 properties are pending, currently in escrow.
24 properties sold in June ranging from $230,000 for a 4 bedroom 2 bath, 1616 sqft to $612,000 for 4 bedroom 3 bath, 2946 sqft. The average market time was 45 days.
92021
There are currently 104 active listings ranging from $189,000 for a 2 bedroom 2 bath, 1050 sqft to $1,795,000 for 3 bedroom 2 bath, 7500 sqft.
49 properties are currently pending, in escrow.
29 properties sold in June ranging from $190,000 for 2 bedroom 2 bath, 960 sqft to $980,000 for 4 bedroom 6 bath, 4389 sqft home. Average market time was 64 days.
If you would like me to run the numbers for you in a different area, please feel free to give me a call.
92019
There are 107 active listings ranging from $219,000 for 3 bedroom 2 bath, 1180 sqft to $2,595,000 for 4 bedroom 6 bath, 5890 sqft.
52 properties are pending, in escrow.
25 properties sold in June ranging from $185,000 for 2 bedroom 1 bath, 955 sqft to $778,000 for 4 bedroom 4 bath, 3702 sqft. The average market time was 70 days.
92020
There are currently 97 active listings ranging from $159,000 for 2 bedroom 1 bath, 780 sqft to $999,900 for 4 bedroom 4 bath, 4700 sqft.
53 properties are pending, currently in escrow.
24 properties sold in June ranging from $230,000 for a 4 bedroom 2 bath, 1616 sqft to $612,000 for 4 bedroom 3 bath, 2946 sqft. The average market time was 45 days.
92021
There are currently 104 active listings ranging from $189,000 for a 2 bedroom 2 bath, 1050 sqft to $1,795,000 for 3 bedroom 2 bath, 7500 sqft.
49 properties are currently pending, in escrow.
29 properties sold in June ranging from $190,000 for 2 bedroom 2 bath, 960 sqft to $980,000 for 4 bedroom 6 bath, 4389 sqft home. Average market time was 64 days.
If you would like me to run the numbers for you in a different area, please feel free to give me a call.
Jamul Real Estate Report For June 2010
Happy July everyone! I hope you had a fun and safe 4th of July. Here are the real estate statistics for Jamul for the month of June.
There are currently 97 Active listings, ranging from $149,900 for a 2 bedroom 1 bath, 906 sqft, extreme fixer to $2,350,000 for a 6 bedroom, 5 bath, 6264 sqft home.
6 properties are pending, currently in escrow.
3 properties sold in June ranging from $360,000 for 3 bedroom, 3 bath, 2292 square foot home to $504,000 for a 3 bedroom, 3 bath, 3065 square foot home. The average market time was 61 days.
There are currently 97 Active listings, ranging from $149,900 for a 2 bedroom 1 bath, 906 sqft, extreme fixer to $2,350,000 for a 6 bedroom, 5 bath, 6264 sqft home.
6 properties are pending, currently in escrow.
3 properties sold in June ranging from $360,000 for 3 bedroom, 3 bath, 2292 square foot home to $504,000 for a 3 bedroom, 3 bath, 3065 square foot home. The average market time was 61 days.
Thursday, July 1, 2010
Bank of America Loan Modification Program
I have been getting a lot of requests for this information so I thought I would share with it everyone. Here is the link to Bank of America's website for Home Mortgage assistance.
Bank of America - Home Affordability Modification Program
If you do not qualify for a modification or you decide to sell your home through a short sale, please call me. I would be happy to explain the process and get it started.
Bank of America - Home Affordability Modification Program
If you do not qualify for a modification or you decide to sell your home through a short sale, please call me. I would be happy to explain the process and get it started.
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