Monday, December 13, 2010

>> Market Update

"INFO THAT HITS US WHERE WE LIVE  There wasn't a ton of news impacting the housing market last week, but we did get more talk about the move up in mortgage rates. Freddie Mac's weekly survey of conforming mortgages showed the average rate on a 30-year fixed-rate mortgage back at the level it was last June. That still puts mortgage rates below where they were a year ago when everyone was happy to get in on those bargains. So none of this is bad news in the absolute sense but the trend should be noted. People who want to buy or refinance should not drag their feet! 

It was encouraging to see new construction spending UP in October, now two months in a row, and the gain mostly came from a rise in residential construction. The U.S. Census Bureau put residential construction UP 2.4% in October to an annual rate of $240.3 billion. Though headed in the right direction, residential construction is still down 8% from a year ago."

From Stacy Hunjadi's (lender) email to me earlier....
Want more info? Shoot me a quick email and I will help you.

Saturday, December 11, 2010

FHA Condominium Project Approvals Expiration Dates Extended

FHA announces extension of condominium project approvals with an expiration date of December 7, 2010.

The extensions were granted to reduce the impact of processing and reviewing the number of project approvals expiring at the same time while recognizing current housing market conditions.

Here are the new dates:
Initial Project Approval Dates
1972 - 1980
1981 - 1985
1986 - 1990
1991 - 1995
1996 – 2000
2001 – 2005
2006 – 2008 (Sept)
Current Expiration DateDecember 7, 2010
December 7, 2010
December 7, 2010
December 7, 2010
December 7, 2010
December 7, 2010
December 7, 2010
New Expiration Date
December 31, 2010
December 31, 2010
May 31, 2011
July 31, 2011
August 31, 2011
September 30, 2011
March 31, 2011

New blog online for San Diego and Orange County Real Estate!

Hello dear homeowners and house hunters!

I created for you a NEW blog platform with blogger (google) that will provide you with fresh new and relevant local information about our beautiful southern california, more specifically around San Diego county and South Orange County.

Come often, read, share, use RSS feed, bookmark it, write me back, send me some feedback, the more interaction the better!
I want to create a good resource for you the consumer.

Angelique Kenney, your Carlsbad and coastal San Diego real estate specialist.

for more info go to:
or simply