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Home sales and median home prices were both up in May, indicating the market is beginning to rebound from record numbers of foreclosures. There are still plenty of San Diego foreclosures available, however and Richard Elias explains what the rise in home prices means to foreclosures buyers.

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San Diego foreclosures benefit from new transit projects across the county. Richard Elias explains what the $10 million in Smart Growth funds will pay for and what it means for buyers of San Diego bank homes.

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San Diego foreclosures are disappearing from the listings, shrinking inventory and creating a seller’s market. Richard Elias offers insight into the current San Diego foreclosures market.

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Homes sales rose 4.8% in April, and climbed 21.9% from April a year ago, fueled in part by record numbers of San Diego foreclosures. Richard Elias puts the numbers in perspective.

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Housing affordability is up across the southland, primarily due to lower sales prices on San Diego foreclosures. Richard Elias explains what that means for buyers entering the market.

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San Diego Home Sales Soar in March

Category: Real Estate Tips & Trends

Published: Monday, April 20, 2009

The March sales numbers have been analyzed and San Diego home sales continue to climb. Richard Elias puts the numbers in perspective and explains what it means to the San Diego foreclosures market.

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The California Association of Realtors (C.A.R.) has developed a mortgage protection program that helps first time home buyers by paying up to $1,500 a month should the buyer lose their job due to layoff. Richard Elias explains how the program works.

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Many San Diego County government agencies are taking advantage of low prices to build important public improvements now. Find out how this impacts the best San Diego foreclosures listings and what neighborhoods can expect new facilities.

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Interest rates continue to fall, creating new opportunities for home buyers among San Diego foreclosures. Richard Elias explains what the rates mean to you.

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San Diego County Home Prices Rising

Category: Real Estate Tips & Trends

Published: Monday, March 23, 2009

The median home price in San Diego rose last month for the first time since April of 2008. Richard Elias explains the impact on San Diego County foreclosures and why buyers need to act fast to pick up bank owned bargains.

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Military buyers are flocking to San Diego bank homes. Richard Elias explains how this steady group of qualified buyers can cash in on buying close to the base.

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Sales of San Diego foreclosures continued to top the charts in January. Richard Elias puts the numbers in perspective and points to the best deals.

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According to a recent study, home prices in San Diego and four other cities have begun to slow in their decline.

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Home Buying Basics

Category: Real Estate Tips & Trends

Published: Monday, March 02, 2009

Even experienced home buyers can benefit from these tips on what to know when buying a home. Richard Elias explains how to make the transaction easy and worry free.

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Mortgage Rates Continue to Climb

Category: Real Estate Tips & Trends

Published: Monday, February 23, 2009

The mortgage outlook continues to dominate the San Diego foreclosures market. Richard Elias provides the current rates to help you choose the right mortgage option for you.

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The California Building Industry Association is calling for federal tax credits for homebuyers as a way to stimulate the state’s housing market and the overall economy. Richard Elias explains what that means for the San Diego foreclosures market.

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The Metropolitan Water District may soon begin limiting the amount of water it supplies to San Diego, limiting the construction of new homes. Richard Elias explains how this could create greater demand for San Diego bank homes and drive prices higher.

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Keys To Lower Closing Costs

Category: Real Estate Tips & Trends

Published: Thursday, February 05, 2009

Closing costs add thousands to the purchase price of your San Diego foreclosure purchase. Richard Elias offers tips on how to negotiate for lower rates.

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2008 Housing Market Report Shows Sales Up, Prices Down

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Foreclosure filings fell during the third quarter of 2008 because of a California procedural change that affects the foreclosure process. Richard Elias explains what this means for the San Diego foreclosure market.

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Four Figure Homes.

Category: Real Estate Tips & Trends

Published: Thursday, January 15, 2009

The slumping housing market has brought the price of foreclosures in the nation to the four figures.

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Don't make an emotional purchase when buying REO in San Diego

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Use your IRA to purchase bank owned property in San Diego with out being penalized.

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What a Difference a Point Makes.

Category: Real Estate Tips & Trends

Published: Wednesday, December 17, 2008

Interest rates dropped 1 point this week. Now is a great time to consider purchasing bank owned homes in San Diego.

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Have troubled credit? Not enough down payment? You can still qualify to buy a bank owned home in San Diego

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The holiday season is an excellent time to buy bank owned property in San Diego

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If you plan on purchasing a bank owned home in San Diego, consider using a credit union for funding.

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The number of homes sold in San Diego are rising while the costs fall.

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Richard Elias offers comprehensive assistance to buyers looking to purchase bank owned property in Carmel Valley.

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Bank Owned Homes in El Cajon

Category: Real Estate Tips & Trends

Published: Monday, November 10, 2008

El Cajon California offers beautiful Country living at an affordable cost. Richard Elias sells beautiful bank owned property in El Cajon.

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Banks in the Holiday Spirit?

Category: Real Estate Tips & Trends

Published: Thursday, November 06, 2008

Many banks are anxious to unload REO properties before the end of the year, slashing many prices lower than they already are.

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Now is the perfect time to buy bank owned homes in San Diego county. San Diego Bank Owned Homes is the brokerage to help you find the right one.

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Despite the weakened real estate market, people are still buying homes. 1/3 of all homes being sold are bank owned homes.

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The number of re sale homes sold in San Diego up compared to August of 2007, due to the influx of bank owned homes.

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According to real estate mogul Donald Trump, the market is perfect for purchasing a home. He also gives advice to home owners thinking about selling and possibly facing foreclosure.

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San Diego foreclosure trends are on the rise for single-family home sales in August. Median San Diego home prices are down from July because of the continued San Diego foreclosures being sold and listed in the real estate market.

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Bank of America and Countrywide have joined forces to become the largest servicer of residential mortgages in the country. But Countrywide’s risky subprime portfolio of payment option ARMs threatens to increase foreclosures in exclusive areas such as San Diego. Richard Elias offers the latest insights on this hot topic.

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How to Buy San Diego Foreclosures

Category: Real Estate Tips & Trends

Published: Tuesday, August 26, 2008

There are many options when it comes to find a great deal on San Diego bank owned listings. Richard Elias offers some great tips and insight on how to buy San Diego foreclosures.

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San Diego Home Prices Continue To Fall

Category: Real Estate Tips & Trends

Published: Tuesday, August 12, 2008

San Diego home prices are expected to continue to decrease persistently within the next two months, by roughly 16% according to economists.

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There is much opportunity in the San Diego foreclosure market. Though good deals are a current commodity, don’t plan on short term San Diego foreclosure investing.

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California Foreclosures Reach All Time High

Category: Real Estate Tips & Trends

Published: Thursday, July 31, 2008

The California real estate market has reached an all time high for home foreclosures. The failure of homeowners to pay their mortgages has contributed to more than 63,000 home foreclosures. San Diego home foreclosures make a large percentage of the California real estate crisis.

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New Hope for San Diego Real Estate Market

Category: Real Estate Tips & Trends

Published: Thursday, July 24, 2008

The San Diego real estate market takes another hard hit as the number of San Diego bank owned homes continues to rise. But, there is hope on the horizon - history has proven that the only way left to go when something hits rock bottom is up!

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Buying in the San Diego Foreclosure Market

Category: Real Estate Tips & Trends

Published: Friday, July 11, 2008

Financial analysts say it’s the best time to buy real estate when the market is falling out – foreclosures have significantly dropped San Diego County home values which suggests real estate is a bargain.

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About this Page: San Diego’s Current real estate market conditions make this the best time in years to buy a home, prices are low and your options are high. We specialize in helping clients purchase bank owned in San Diego County.