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Angelique Kenney

News! 2012 loan limits for San Diego County


Hello everybody,

here is an email I just received a little bit ago from Curtis, our Prudential California Realty in house lender.

Those are great news!

The 2012 loan limits for San Diego County have been officially implemented within Wells Fargo. They are as follows:

2012 high balance conforming: $ 546,250

2012 high balance FHA: $ 697,500

2012 high balance VA: $ 477,000 (Wells has the ability to go up to 1.5 million – requires roughly 10% down – no mi - call for details)

And just as a reminder, the new HARP refinance rules and regs have been implemented (See by previous blog on it-click here). If any of your customer’s currently have a Freddie Mac or Fannie Mae serviced loan and their home has lost considerable value over the last four years, there is a possibility they could qualify for one of the HARP prime rate refinances.

If you have any questions regarding the above, please do not hesitate to call.

Thank you for your continued support.


Home Mortgage Consultant, Leaders Club Member
NMLSR ID 653815

HomeServices Lending | 7030 Avenida Encinas #100 | Carlsbad, CA 92011

MAC M0847-011

Tel 760-268-4148 | Cell 760-585-5469 | eFax 866-493-9819

Curtis.W.Fox@hsl-ca.com

http://www.curtisfox.com

Lender with Wells Fargo Bank, N.A. Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321. 333 South 7th St. 27th Floor Minneapolis, MN 55402.All Rights Reserved. Equal Housing Lender.

What is SportStar Relocation?

Here is a video on "What is SportStar Relocation?"

In a nutshell SportStar Relocation is about helping Professional Athletes with finding homes in new cities when drafted or transfered.
My job is to assist, help and offer the best real estate and concierge services for the Professional Athletes moving to and from the the San Diego county as well as Orange County.
Let's hear it from the headquarters of my friend and business partner, Ed Kaminski, President of SportStar Relocation.

Welcome to my real estate world of insanity!

This is so true! Welcome to my real estate world of insanity...welcome to short sale's negotiation!
By the way, as of today, there is 95 active short sales listings in Carlsbad California.

If you are a real estate agent you will cry laughing because....sadly it's so true!


ILHM National Luxury National Market Report - 12.05.11

Being a member of the luxurious Institute For Luxury Home Marketing, I can offer you special information such as Luxury Market Trends.

Members of The Institute are knowledgeable professionals who have undergone extensive training in analyzing the luxury home market, providing quality service, and achieving effective results in the high-end residential market. ILHM National Luxury Market Report - 12.05.11

National Summary Charts

The charts below show the 7-day and 90-day rolling averages for median list price, days on market, and inventory for the national composite--a snapshot of how, together, the luxury markets around the country are performing.

Altos Research developed the Market Action Index (MAI) for an at-a-glance measurement of market conditions. The MAI is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, we call that a Seller's Market. Below 30 is a Buyer's Market.
Also use the Market Action Index trends as a leading indicator for prices. When markets fall persistently into Buyer's territory prices will likely follow.

The definition of this market stat is:
"Percentage of homes on the market that have decreased their asking price at least once over the past 90-day period."
In any market, even in strong seller's markets, there will always be some number of properties that will decrease their listing price. These may include sellers that drastically overpriced their homes just "to see what they could get" or homes that simply entered the market at a price level above what the market will bear.
Even in strong seller's markets, the Percent Price Decreased will be 10-12%, so some repricing of individual properties is common in any market. In weaker markets, this value begins rise into the teens, 20%, 30%, and higher. Percent Price Decreased is an incredibly insightful gauge of demand levels in the residential housing market. This statistic illustrates how many listed properties may be behind the "price curve" - listed at a price above what the market is willing to pay for similar properties.
However, "Percent Price Decreased" alone does not indicate the overall health of a particular market. This statistic should be combined with other market stats to determine the overall direction of a market.

Local Detail Charts

Only members, like myself can access the report archives and "drill-down" with detailed graphs for more than 30 metro areas in the Members Only section.

I have the market expertise and access the main metro area's full report data, such as cities below...



















While hunting, did you know..?

Go mobile





Dear buyer and future home-owners,
while hunting down your new home, did you know that you can check the entire MLS (Multiple Listing Service) in the palm of our hand, right on your mobile phone (Android, iPhone, Blackberry...).

Oh, and what about you, home sellers?
Well, you will be pleased to know that this is an extra way I can market your home or investment property and deliver you some extra showings; one step closer to that coveted SOLD sign!!

Scan me!
Search homes and find real estate deals while driving in Carlsbad, Encinitas, Leucadia, Del Mar, Rancho Santa Fe, Cardiff by the sea, Oceanside, San Marcos, San Diego even in Orange county in San Clemente or up in Ladera Ranch!