Monday, July 2, 2012

San Diego and Coronado Real Estate Market Update Jan 21.wmv

Mortgage Rates Forecast - San Diego and Coronado Real Estate Market Update Jan 21.wmv.
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San Diego and Coronado Real Estate Market Update Jan 21.wmv Video Clips. Duration : 3.93 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . The entry level in the Coronado and Metro San Diego Market continues to see the most activity. In Metro San Diego, there are many factors affecting its competitiveness. 1) Investors with cash have waited for a time like now to buy discounted short sales and foreclosures 2) Many first time home buyers are still trying to meet the deadline of being in escrow by April 30 in order to receive the tax credit 3) The 90 day rule which prohibited buyers using FHA loans from buying homes that investors had recently purchased has recently been suspended in hopes of fostering the housing market Expect to see another wave of short sales and foreclosures in the near future as many buyers got 5 year Adjustable Rate Mortgages (ARMs) which will adjust this year, making many borrowers unable to make their payments. Tune in next week for more updated Metro San Diego/Coronado real estate news
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