Click here for the latest real estate and economic news from national, state and local news outlets from the past week.  You don't have to search the internet or read a bunch of newspapers to find what's most important.  This compliation of news stories already has them all.  Enjoy!

Hefty Tax Bill May Hit Those Who Lost Home / SD Union March 3, 2010. http://www.signonsandiego.com/news/2010/mar/03/hefty-tax-bill-may-hit-those-who-lost-home/  

San Diego Area Foreclosures Jump; Defaults Slump / SD Union January 28, 2010. Foreclosures were up 42% in December from November 2009.  At the same time, Notices of Default dropped 11% in during the same time period.  It is not clear exactly what these numbers mean, but some believe it's a sign of banks working with homeowners on loan modifications.  The article suggests that some of these attempted modifications may fail and turn into foreclosures down the road.  Check out the article for more details.  http://www.signonsandiego.com/news/2010/jan/28/sd-area-foreclosures-jump-defaults-slump/ 

Housing Prices Buck Trend / SD Union January 27, 2010  http://images.agentcenter.com/client/3/2/4/36423/Housing_Prices_Buck_Trend_-_SD_Union_Jan_27_2010.pdf

December Home Sales Sink; Prices Plunged in 2009 / SD Union January 25, 2010 http://images.agentcenter.com/client/3/2/4/36423/Article_-_December_Home_Sales_Sink__Prices_Plunged_in_2009.pdf 

Housing Picture Not All Gloomy: Median Price 48.4% Higher Than In January 2000 / SD Union January 3, 2010 http://images.agentcenter.com/client/3/2/4/36423/Housing_picture_not_all_gloomy.pdf 

According to the following article in the SD Union Tribune, dated November 17, 2009, "median home prices in Southern CA rose nearly 2 percent last month from September, as the inventory of homes for sale continued to shrink and lenders worked to avoid fresh foreclosures".  Read more here: http://www.signonsandiego.com/news/2009/nov/17/firm-socal-median-home-price-increases-in-october/

Congress has extended and expanded the Homebuyer's Tax Credit. The following link compares the rules as of January 1, 2009-November 30, 2009 to the new rules as of December 1, 2009-April 30, 2010:

http://images.agentcenter.com/client/3/2/4/36423/2009-NAR-Issue-Brief-Homebuyer-Tax-Credit-Changes-1104-1107.pdf

Article - The Lowdown on Home-Buyer Tax Credits, WSJ.com, November 12, 2009 http://online.wsj.com/article_email/SB10001424052748703808904574529512997057836-lMyQjAxMDA5MDEwMjExNDIyWj.html#

Here are some of the frequently asked questions regarding the changes to the Homebuyer's Tax Credit rules:

 http://images.agentcenter.com/client/3/2/4/36423/2009-NAR-FAQ-Tax-Credit-Changes-1105-1236.pdf

Coldwell Banker Wins JD Powers Award For Satisfaction Among Home Sellers / July 2009

http://www.jdpower.com/homes/ratings/home-seller-ratings

Racing For The Homebuyer's Tax Credit? Here Are Some Tips, CNBC.Com, October 12, 2009 http://www.cnbc.com/id/3289347

Mortgage Rates Under 5% Are Back In Bloom, CNNMoney.com, October 9, 2009

http://money.cnn.com/2009/10/08/real_estate/mortgage_rates/index.htm?postversion=2009100813

Mortgage Rates:  As Good As It Gets?  Check out this article posted on CNBC.com, October 8, 2009

$8,000 Tax Credit For First-Time Buyers Set To Expire November 30, 2009 - SD Union Tribune, August 23, 2009 http://www3.signonsandiego.com/stories/2009/aug/23/8000-tax-credit-first-time-buyers-set-expire-nov-3/?uniontrib 

Southern CA Prices Continue to Rebound - SD Union Tribune August 18, 2009: http://www3.signonsandiego.com/stories/2009/aug/18/bn18housing113539/?business&zIndex=151347

San Diego's Challenge to Recovery - RisMedia, 7/21/09: This article explains why the new rules for appraisals - intended to stabilize the system and better protect all parties - is having unintended consequences.  The new rule are preventing some deals from being closed and artifically keeping prices low, despite that sales numbers are up.  Read on. http://rismedia.com/2009-07-20/catch-22-artificially-suppressing-san-diego-county-rebound/

Median Home Prices Up In June, The San Diego Union Tribune published this article and it looks at the increase in medium home prices in the San Diego County.   Check it out. http://images.agentcenter.com/client/3/2/4/36423/Article__Median_home_price_up_in_June__Union_Tribune.pdf

Sales Up 43% / Prices Remain Flat 4-16-09, The San Dieo Union Tribune published this article today that looks at recent home sales activity in the County.  The number of sales were up 43% in March 2009 over March 2008, while prices remain flat since the beginning of the year.  Check it out. http://images.agentcenter.com/client/3/2/4/36423/San_Diego_Sales_Up_-_Prices_Flat_4-16-09.pdf 

Is the Real Estate Market Approaching the Bottom? Here is an article in the 4/1/09 San Diego Union Tribune that explores certain factors that may suggest a recovery and bottom that is in sight.  All is not rosy but this article points out that certain things must occur before a full recovery is in place; those recovery signs are starting to show up.  Check out the article and decide for yourself. http://images.agentcenter.com/client/3/2/4/36423/SDDT_Article_on_a_Possible_Housing_Bottom_4-1-09.pdf

Toys for Tots Program - Coldwell Banker is accepting toys for needy children http://images.agentcenter.com/client/3/2/4/36423/Toys_for_Tots_-_2008_1_.pdf

Real Estate Articles from the week of 11/20 - 11/27/08: Check out the NY Times article explaining how mortgage interest rates are set: http://www.car.org/media/pdf/Beyondtheheadlines_112708.pdf

SD Home Prices Fall But Sales Are Brisk / SD Union / November 18, 2008 http://images.agentcenter.com/client/3/2/4/36423/Article_-_SD_Home_Prices_Fall_But_Sales_Are_Brisk_-_SD_Union_11-18-08.pdf

Home Values Falling Less Sharply Than Prices / SD Union / November 12, 2008  http://images.agentcenter.com/client/3/2/4/36423/Article__Home_Values_Falling_Less_Sharply_Than_Prices_SD_Union_11-12-08.pdf

Banks Alter Loan Terms to Head Off Foreclosures / November 1, 2008 / NY Times  http://images.agentcenter.com/client/3/2/4/36423/Article_-_Banks_Alter_Loan_Terms_to_Head_off_Foreclosures.pdf

Capital Gains Tax on Real Estate Sales / CAR October 8, 2008  http://images.agentcenter.com/client/3/2/4/36423/CAR_Article_on_Capital_Gains_Taxes_on_Real_Estate_Sales_1_.pdf

Housing Downturn Could be Approaching The Bottom / October 21, 2008 San Diego Union http://images.agentcenter.com/client/3/2/4/36423/Housing_downturn_could_be_approaching_bottom_1_.pdf

Coverage is Crucial - 2007 Wildfires One Year Later / October 12, 2008 San Diego Union Tribune  http://images.agentcenter.com/client/3/2/4/36423/Article_-_Coverage_is_Crucial_10-12-08_SD_Union.pdf

Countrywide to Set Aside $8.4 Billion in Loan Aid / October 6, 2008 The New York Times http://images.agentcenter.com/client/3/2/4/36423/Article_Countrywide_to_Set_Aside__8.4_Billion_in_Loan_Aid.pdf -

Mortgage Lifeline is Thrown to Homeowners / SD Union / October, 2, 2008 http://images.agentcenter.com/client/3/2/4/36423/Article_-_Mortgage_Lifeline_is_Thrown_to_Homeowners_10-2-08.pdf

Mortgage Bankers Association Hails Passage of Economic Stabilization Package http://images.agentcenter.com/client/3/2/4/36423/MBA_Press_Release_100308_House_Passes_TARP_1_.pdf -

Key Highlights of the Final Economic Stabilization Packagehttp://images.agentcenter.com/client/3/2/4/36423/MBA_Summary_of_Final_TARP_Legislation_HR_1424_1_.pdf -

Article on strong rental market in San Diego / September 28, 2008 Union Tribune http://images.agentcenter.com/client/3/2/4/36423/Article_-_Rents_climb_in_vacancy_squeeze_tied_to_foreclosures.pdf -

http://staging.car.org:8080/media/pdf/Beyondtheheadlines_82808.pdf

http://www.car.org/media/pdf/BeyondtheHeadlines_82108.pdf - 8/21/08

http://staging.car.org:8080/media/pdf/211551/ - 8/14/08

http://www.car.org/Beyondtheheadlines_80708.pdf - 8/7/08

http://staging.car.org:8080/media/pdf/Beyondtheheadlines_82808.pdf - 8/28/08

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