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Escondido, CA Real Estate News

By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures. READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community  As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.  The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/manu...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Ever since I saw a blog post a few months ago where the blogger/photographer created a slideshow using slide.com, I had wanted to give it a try. Frankly, it was pretty darn easy. Upload a few photos, add captions and music and voila! You have a slideshow that looks as if it was being played on your iPhone. The website where you can make this (and it looks like you can do a lot of other cool photography-related things there as well) is http://www.slide.com Here's the show I made of Escondido, California--the location of our real estate brokerage. Let me know what you think!  
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
On Tuesday, February 16, 2010, Broadpoint Properties was awarded the District 9 STAR Award for community service. This trophy was awarded to the real estate brokerage in District 9 that participated significantly in community service projects in North San Diego County. For the last several months, Broadpoint Properties has been involved in many community service projects and fundraisers. In November of 2009, Broadpoint Properties collected food for the Thanksgiving Drive sponsored by Interfaith Community Services of San Diego. In December, Broadpiont Properties was involved in collections for Christmas baskets and packages for our troops overseas, participated in coat and blanket collection for San Diego's homeless, and donated funds for foster teens to receive Target gift cards for the...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 17, 2010, 2:45 PT Today's Lock Timing:  LOCK.  Borrower's watching this blog had about a half hour warning to lock rates before they went up this morning.Long Term Lock or Float Advice:  LOCK.Last week Rates reversed a down trend held since December, 2009.MBS prices closed Wednesday down -14/32.Housing Starts were a little higher than expected. National Average Fixed Rate Mortgage Down 0.02% at 5.02% on Feb.17 MBS Opened at 4.688% Down 0.003%. 10 Year Treasury Currently 3.660% Down -0.03% DJI Stocks closed at $10,309.24,  Up 40.43, 0.39% European and Asian Markets closed Up 1.42% Nymex Crude Oil Currently $77.33 Up $0.32 Housing construction up 2.8 percent in Janury.   StLtoday.com OneWest Bank's sweetheart deal...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
I have already reblogged Robert G. Hertzog's great article when it first ran.  It looks like we are limited to one reblog so I cut and pasted his newly featured article to allow as many people as possible to read his great article. Is The FDIC Killing Indymac OneWest Bank Short Sales? As some of you may already know, I specialize in helping homeowners avoid foreclosure through the use of short sales.  Recently, I dealt with a very interesting case involving Indymac/OneWest Bank, that I felt needed to be brought to the attention of all American taxpayers.   Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, or they will proceed to foreclosure.  For the life of me, I couldn't figure out why they were doing this.  The BPO cam...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 16, 2010, 10:05 PM PT Today's lock timing: Hold, rates may improve slightly  this afternoon.Long term Lock or Float Advice:  LOCKLast week Rates reversed a down trend held since December, 2009.MBS prices are up 3/32. The Empire State index came in higher than expected. National Average Fixed Rate Mortgage Unchanged at 5.03% on Feb.16 MBS Opened at 4.691% Down 0.023%. 10 Year Treasury Currently 3.690% Down -0.04% DJI Stocks $10,214.70,  Up 115.56, 1.14% European and Asian Markets Up 0.945% Nymex Crude Oil Currently $76.98 Up $2.85 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assistance on Hom...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
I found a $5 Million Jade Buddha in the hills of Escondido California  I wasn't looking for it - I just happened to stumble on it after visiting my Escondido listing a short distance away. It was the cars on the hill and the multicolored flags that drew me in.  And I wasn't really aware of the significance of my find, even while visiting, until I did a little research.  Seems the Jade Buddha of Universal Peace is on a world tour and is in Escondido CA at the Phap Vuong Monastery from February 7th through the 16th  at 715 Vista Avenue.  DON'T MISS IT IF YOU ARE IN THE AREA TODAY!!  The Jade Buddha of Universal Peace is an amazing sculpture of gemstone-quality jade, created from 1 18-ton stone (it weighs about 4 tons), and is the largest of its kind in the world. READ MORE about the Jade ...
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By Sharon Filbig, San Diego County Real Estate
(Prudential California Realty)
Here's the latest report on the Escondido real estate market.  The table below is just a very small part of the overall picture for Escondido.  As you can see, there is a wide variation within Escondido, and if the statistics keepers really broke it down to subdivision, the numbers would vary even more!  Bottom line: the real estate market varies widely depending on neighborhood, zip code, and other factors.    Escondido Zip Codes January 2010 Median Price % Price Chg. From January 2009 January 2010 Sold Listings Median Days on Market January 2010 Median Days on Market % Chg. from July 2007 92025 - ESCONDIDO $325,000 51% 10  15  -51% 92026 - ESCONDIDO $340,000 15% 32  15  -50% 92027 - ESCONDIDO $230,000 3% 31  21  5% 92029 - ESCONDIDO $640,000 106% 7  63  -22% Year-over-year, prices for...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 10, 2010, 3:00 PT Lock Advice: LOCK.  There were midday rate increases from several lenders.MBS prices closed Down 4/32 and broke below a support level indicating the possibility of higher rates for the next few weeks.The December Trade Deficit was larger than expected and one of the few times when poor economic news did not help rates. National Average Fixed Rate Mortgage Down 0.01% at 4.99% on Feb.10 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.72% Up 0.021%. 10 Year Treasury Currently 3.670% Up 0.05% DJI Stocks closed at $10,038.38,  Down -20.26, -0.2% European and Asian Markets closed Up 0.61% Nymex Crude Oil Currently $74.59 Up $0.07 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 10, 2010, 8:40 PT Lock Advice: LOCKMBS prices are Down 3/32 and just dropped 4/32 from +1/32The December Trade Deficit was larger than expected. National Average Fixed Rate Mortgage UP 0.01% at 5% on Feb.9 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.72% Up 0.021%. 10 Year Treasury Currently 3.670% Up 0.05% DJI Stocks $10,025.16,  Down -33.48, -0.33% European and Asian Markets Up 0.435% Nymex Crude Oil Currently $72.85 Down $0.90 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story FHA Suspends Four Lenders...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 9, 2010, 10:30 PT Lock Advice:  LOCKMBS prices are down 7/32, possibility of negative reprice.There will be a 3-yr Treasury auction at 1:00 ET. National Average Fixed Rate Mortgage Unchanged at 4.99% on Feb.9 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.699% Up 0.042%. 10 Year Treasury Currently 3.620% Up 0.03% DJI Stocks $10,088.49,  Up 180.1, 1.82% European and Asian Markets Up 0.172% Nymex Crude Oil Currently $73.79 Up $1.90 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story FHA Suspends Four Lenders S...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Every time you turn on the news or read the newspaper, you hear some sort of report about the real estate market. In most cases, however, the report is about the national real estate market and not the specific statistics for the city where you live. Buyers, sellers, and homeowners in Escondido, California should be familiar with the current real estate market statistics for your city. So, here's the latest information for you: Detached Homes Total Sold Days on Market Average Sold Price January 2010 82 47 $341,734 December 2009 139 50 $336,336   Attached Homes Total Sold Days on Market Average Sold Price January 2010 30 79 $140,633 December 2009 44 68 $120,090 Total sales declined in January in Escondido, but there was an increase in attached and detached property values in January. It ...
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By Sharon Filbig, San Diego County Real Estate
(Prudential California Realty)
Local contractor will repair potholes for free Last week I was watching one of Escondido's televised City Council meetings, when a local citizen got up to give his opinion about budget cuts that were being considered.  His comments included rather humorous complaints about whether the city even had a pothole repair crew, because city streets are showing some obvious signs of neglect. Within days, a local businessman and contractor, George Weir, publicly stepped up and announced that he is buying an asphalt patching truck himself and he's going to help city crews repair those potholes. Instead of whining and complaining about the condition of our city streets, Mr. Weir is taking the bull by the horns and just gettin' it done.  "Somebody's got to do something, instead of staying on our he...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 8, 2010, 1:15 PT Lock Advice:  FLOAT MBS prices are down 2/32. No economic data was released today. National Average Fixed Rate Mortgage Down 0.03% at 4.99% on Feb.8 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.657% Down 0.009%. 10 Year Treasury Currently 3.590% Down -0.03% DJI Stocks closed at $9,908.39,  Down -103.84, -1.04% European and Asian Markets closed Up 0.517% Nymex Crude Oil Currently $71.62 Up $0.43 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story FHA Suspends Four Lenders Story FHA UFMIP...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 8, 2010, 6:35  PT Lock Advice:  FLOAT MBS prices are up +1/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.02% at 5.02% on Feb.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.657% Down 0.009%. 10 Year Treasury Currently 3.590% Down -0.03% DJI Stocks $9,966.89,  Down -45.34, -0.45% European and Asian Markets Down -0.023% Nymex Crude Oil Currently $71.27 Up $0.08 OneWest Bank's sweetheart deal with our Bank Owned Government (BOG)  Must See Video Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assista...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 5, 2010, 1:55  PT Lock Advice:  FLOAT Mortgage Backed Securities (MBS) prices are up 4/32 and there was a favorable midday reprice from some investors. The economy added slightly fewer jobs than expected, but the Unemployment Rate dropped to 9.7% from 10.0%. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.03% on Feb.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.666% Down 0.058%. 10 Year Treasury Currently 3.620% Down -0.11% DJI Stocks closed Friday at $9,862.22,  Down -139.96, -1.4% European and Asian Markets closed Down -2.343% Nymex Crude Oil Currently $70.21 Down ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 5, 2010, 10:55  PT Lock Advice:  FLOAT Mortgage Backed Securities (MBS) prices are up 9/32 and there is the possibility of a favorable midday reprice. The economy added slightly fewer jobs than expected, but the Unemployment Rate dropped to 9.7% from 10.0%. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.03% on Feb.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.666% Down 0.058%. 10 Year Treasury Currently 3.620% Down -0.11% DJI Stocks $9,862.22,  Down -139.96, -1.4% European and Asian Markets Down -2.343% Nymex Crude Oil Currently $70.21 Down $2.93 Barney Frank Named 'Po...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Escondido is an inland community, about 15 miles from the coast adjacent to San Marcos. Like its neighbors, San Marcos, Vista and Oceanside, Escondido has seen fairly significant shifts in the real estate market with a large number of short sales and foreclosures.  READ MORE: A Tour of Escondido - A Diverse Inland San Diego Community  As a buyer or seller in the Escondido real estate market, understanding recent trends and current market conditions is essential in order to make informed decisions; media reports focus on general market conditions and therefore will not provide an accurate picture of the local Escondido real estate market.  The following data are taken from the San Diego MLS (private sales are not included in these statistics, nor are multifamily properties or mobile/man...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Now is such a great time to buy a home in North San Diego County-whether it be Escondido, San Marcos, Vista, Oceanside, Carlsbad or my town, Encinitas. Interest rates are down, and home prices are still at record lows. So, if you are in the market for a home in San Diego County and beyond, here are five great blog posts that will help you to prepare for your home purchase: How to Hire a Qualified Real Estate Agent   Learn some important considerations when hiring a Realtor® to help you with your next home purchase. Buying a Home in North San Diego County This blog post reviews many key tips and important steps in the home buying process and is aimed at novice home buyers, or anyone who needs a refresher course in home buying. Looking to Buy a Foreclosure  This post offers some important...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 4, 2010, 10:55  PT Lock Advice:  FLOAT Mortgage Backed Securities (MBS) prices are up +13/32.  MBS zoomed northwards when Jobless Claims rose unexpectedly RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Feb.4 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.723% Down 0.007%. 10 Year Treasury Currently 3.730% Up 0.06% DJI Stocks $10,049.19,  Down -221.36, -2.16% European and Asian Markets Down -2.553% Nymex Crude Oil Currently $73.09 Down $3.89 Barney Frank Named 'Porker of the Year'  CNBC News Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA i...
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