Rob Denny's Blog

Single-Family Detached Homes   The median price for all homes in North San Diego County – single-family detached and single-family attached – increased to $365,000 in February 2010 from $361,000 in January 2010.1   The median-priced single-family detached (SFD) home in North San Diego County inc...

The state Legislature approved and Gov. Schwarzenegger signed into law in March a homebuyer tax credit for California. Here’s what you need to know about the program. How much is the tax credit? The homebuyer tax credit is for up to $10,000 or 5 percent of the purchase price – whichever is less ...

The Obama administration’s newest foreclosure-prevention efforts, expands on the government's marquee foreclosure prevention program, Making Home Affordable. That program was originally expected to reach as many as 4 million borrowers, but it is not on track to help so many. To reach its goal, t...

In early 2009, the Fed embarked on a $1.25 trillion mortgage-backed securities (MBS) purchase program to help keep mortgage rates low and stimulate the economy. The amount purchased varied from week to week, reaching a peak of $33.2 billion in the week of March 25, 2009. The Fed has been gradual...

I just read an article in The Washington Post which reminded me of a conversation I had with some agents in my office about a month ago. I know we have all been seeing extra fees popping up in Shortsales. Does it matter whether a real estate agent charges you a flat commission rate -- say 6 perc...

Some of the nation’s top economists believe the housing market has turned and better days are on the way for the housing industry.   Increases in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push...

Fed Statement Summary: Fed says household spending is increasing at moderate rate, labor market stabilizing and inflation likely to be subdued for some time. The Fed is leaving rates unchanged at 0.25 and said will keep them exceptionally low for an extended period. keep in mind I am referring t...

The average home in the USA has appreciated +1.7% (in aggregate, not per year) over the last 5 years (i.e., 2005-09). Homes in Wyoming have performed the best, gaining +26.7% on average. Homes in Nevada have fared the worst, losing 40.4% of their value (source: Federal Housing Finance Agency).

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the federally-supported tax credit of up to $8,000 for qualified first-time homebuyers purchasing a principal residence. It also authorizes a tax credit of up to $6,500 for qualified repeat or move-up homebuyers.The new ...

  In another sign of the times (crazy as they may be) on April 5, 2010, in an effort to end the foreclosure crisis, the Obama administration will start paying troubled homeowners to “Shortsale” their home. This latest program, which is still being fine tuned, will allow owners to sell for less th...