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Just Sold 1163 San Dimas, Chula Vista 91913

Just Sold 1163 San Dimas, Chula Vista 91913

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Spacious, beautiful 5 bedroom house in lovely Otay Ranch neighborhood.  End of cul-de-sac privacy.  Lush, Easy maintenance landscaping, artificial turf putting green in back. Backyard oasis with huge built-in BBQ, sink, large covered patio, fire pit for cozy evenings, Interior upgraded with beautiful hardwood flooring, open flowing floor plan, lots…

Just Sold 1288 Silverado Chula Vista, CA 91915 $440,000

Just Sold 1288 Silverado Chula Vista, CA 91915 $440,000

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On February, 28, 2012, this 5 Bedroom, 3 Bath, 2,578 sq. foot house sold for $440,000.   Eastlake Times Eastlaketimes.com is an online guide to Eastlake, a master planned community of Chula Vista. Eastlake News, Sports, Business, Entertainment, Chula Vista Real Estate, and more. More Posts – Website Follow Me:…

McMillin Unveils Millenia

McMillin Unveils Millenia

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Union Tribune by Roger Showley Despite depressed housing conditions, closed retail spaces and a lagging job market, McMillin Cos. stepped up its drive Wednesday to get started on a massive, $4 billion, mixed-use project in Otay Ranch, which it is dubbing “Millenia.” Company executives unveiled a marketing campaign at a…

Councilman Rudy Ramirez To Hold Public Office Hours On Recent Rental Scam Involving Foreclosed Properties

Councilman Rudy Ramirez To Hold Public Office Hours On Recent Rental Scam Involving Foreclosed Properties

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    Councilman Rudy Ramirez will host his Public Office Hours at 6:00 PM on Monday, February 6, 2012 at Thurgood Marshall Elementary School at 2295 MacKenzie  Creek Road, Chula Vista, CA 91914. Councilman Ramirez will be discussing an alleged housing scam where foreclosed homes are being rented out by…

U.S. Is Set for Fourth-Quarter Growth Pickup on Lower Inventories: Economy

U.S. Is Set for Fourth-Quarter Growth Pickup on Lower Inventories: Economy

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Full Article The economy in the U.S. expanded less than previously estimated in the third quarter, reflecting a drop in inventories that points to a pickup in growth as 2011 comes to a close. Gross domestic product climbed at a 2 percent annual rate from July through September, less than…

FHFA mortgage interest rates fall slightly

FHFA mortgage interest rates fall slightly

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Full Article The average interest rate on mortgages sold to the government-sponsored enterprises fell 20 basis points to 4.36% in October, the Federal Housing Finance Agency said. The agency bases its average rates on conventional, 30-year, fixed-rate mortgage purchases of $417,000 or less. Eastlake Times Eastlaketimes.com is an online guide…

FDIC’s list of problem banks shrinks

FDIC’s list of problem banks shrinks

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Full Article NEW YORK (CNNMoney) — The number of banks at risk of failing fell in the third quarter, marking the second straight quarterly decline, according to a government report issued Tuesday. Banks deemed troubled by the Federal Deposit Insurance Corp. dropped by 21 to 844, the agency said in…

Obama signs extension for higher FHA loan limits

Obama signs extension for higher FHA loan limits

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President Obama signed into law a government spending bill Friday morning effectively reinstalling higher conforming loan limits for the Federal Housing Administration through the end of 2013.…

Past-Due Mortgages Up for First Time Since 2009: Report

Past-Due Mortgages Up for First Time Since 2009: Report

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Full Article The Chicago-based credit bureau calculates the mortgage delinquency rate as the percentage of borrowers 60 or more days behind on their payments, excluding those that are already in foreclosure. The rate increased to 5.88 percent as of the end of the third quarter. TransUnion’s latest assessment follows a…

Home Prices Decline in Almost Three-Fourths of U.S. Metro Areas

Home Prices Decline in Almost Three-Fourths of U.S. Metro Areas

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Full Article Home values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers. The median price of a single-family home decreased from a year earlier in 111 metropolitan areas out of the 150 measured, the National Association of Realtors said in…

Mortgage Rates Head Lower Making Another Record

Mortgage Rates Head Lower Making Another Record

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Full Article As the financial crisis hit a high in Europe last week, here in the U.S. mortgage rates headed lower making another all time record. The potential of a Greek default held everyone’s attention even as some positive data was being released for the U.S. economy. By Friday, the…

Just Sold 2622 Fern Valley, Chula Vista, CA 91915

Just Sold 2622 Fern Valley, Chula Vista, CA 91915

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Gorgeous family home in the Trails. Private courtyard leads to double door entry, formal front room. Formal dining w/ french doors. Gourmet kitchen with stainless appliances. Mocha maple cabinets, Family room w/ fireplace. 1 bed & Bath downstairs Tons of storage. Large master suite with soak tub and his/hers walk-in closets. SOLD…

Southbay Homeownership Resource Fair

Southbay Homeownership Resource Fair

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Looking to purchase a home? Want to make improvements to your current residence? Having trouble making mortgage payments? Visit the free South Bay Homeownership Resource Fair at Chula Vista City Hall, 276 Fourth Avenue on Saturday, October 29. The event, scheduled from 10 a.m. to 2 p.m., is sponsored by…

Pending Home Sales Decreases by 4.6%

Pending Home Sales Decreases by 4.6%

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The number of contracts to purchase previously owned U.S. homes unexpectedly fell in September as lower prices and borrowing costs failed to support demand. http://www.bloomberg.com/news/2011-10-27/pending-sales-of-u-s-existing-homes-unexpectedly-falls-4-6-on-demand-ebb.html The 4.6 percent decrease in the index of pending home sales, the biggest since April, followed a 1.2 percent drop the previous month, the National…

US announces help for underwater homeowners

US announces help for underwater homeowners

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http://bottomline.msnbc.msn.com/_news/2011/10/24/8465654-us-announces-help-for-underwater-homeowners?GT1=43001 A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners of the estimated 11 million whose homes are worth less than their mortgage. The Federal Housing Finance Agency, which oversees mortgage finance sources Fannie Mae and Freddie Mac,…

Just Sold -1346 Silver Hawk Way Chula Vista, CA 91915

Just Sold -1346 Silver Hawk Way Chula Vista, CA 91915

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  http://www.owneastlake.com/2011/just-sold-1346-silver-hawk-way-chula-vista-ca-91915/ Just Sold – $475,000 APPROVED SHORT SALE.  Beautifully upgraded home in Eastlake Vistas. Kitchen has island w/granite countertops, stainless steel appliances & large pantry. Flooring throughout home is hardwood, designer carpet & upgraded tile. Backyard features large bbq, firepit & dog run. 1st floor features formal living room…

New Facebook app features Q-and-A with real estate agents

New Facebook app features Q-and-A with real estate agents

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Source RealtyBaron, an auction-based property search site that also offers agent referrals, has launched an application for the social networking site Facebook, the site announced this week. Called “Real Estate Answers,” the app allows users to ask real estate questions, get answers from local agents, and publish questions to their…

Finding An Eastlake Real Estate Agent

Finding An Eastlake Real Estate Agent

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Whenever you buy or sell real estate, you may be like millions of other people out there, in thinking that you don’t need a real estate agent. Many people who buy or sell homes, generally think that a real estate agent is a waste of money.  Those who choose to…

Mortgage Rates Mixed; 30-Year Fixed Continues To Hold Steady

Mortgage Rates Mixed; 30-Year Fixed Continues To Hold Steady

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    Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows fixed mortgage rates holding steady amid mixed economic reports and some signs of improvement in the housing market. The 5-year adjustable-rate mortgage hit a new record low at 3.22 percent, dropping…

East Hills Realty Open House

East Hills Realty Open House

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EastHills is pleased to announce the completion of the renovation of the home at 1426 Janal Ranch Road in Eastlake Vistas. This 4,200 (approx) home has been completely renovated and upgraded.  Situated on an oversized lot, this large home (6 Br, 5 baths)  is now ready for move-in. Please join…

San Diego-based Pathfinder Partners, LLC acquires Eastlake Medical and Professional Center

San Diego-based Pathfinder Partners, LLC acquires Eastlake Medical and Professional Center

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San Diego-based Pathfinder Partners, LLC has acquired The Eastlake Medical and Professional Center – an office and medical condominium project located on Otay Lakes Road in Chula Vista’s Eastlake area.  Bringing a long-stalled property back on the market, Pathfinder has listed the property, renamed Eastlake Professional Center, with commercial brokerage…

San Miguel Ranch Ranks As Most Expensive Real Estate Mid Year 2011

San Miguel Ranch Ranks As Most Expensive Real Estate Mid Year 2011

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Mid year thru 2011, San Miguel Ranch and the Zip Code 91914 boasts the most expensive Real Estate in the Eastlake area according to SANDICOR, San Diego’s Multiple Listing Service. Looking at all residential detached homes since January 1st, 2011, 1855 Camino Mojave sold for $800,000 on May 13, 2011.…

Have We Hit Bottom Yet?

Have We Hit Bottom Yet?

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  By Mark Archer, San Diego, CA Investor/REALTOR® There is lots of news lately about the dismal local real estate market is slowly recovering. Frankly, I don’t see the recovery and as the saying goes, “The proof is in the pudding.” Back in 2005 I listened to a very smart…

Three New Townhomes Priced and Ready for Immediate Move-In in Chula Vista

Three New Townhomes Priced and Ready for Immediate Move-In in Chula Vista

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  The homes range from 1,794 to 1,860 square feet and have three bedrooms and 2.5 baths. Brookfield has three new townhomes for immediate move-in at Cordova at Windingwalk in Chula Vista. These quick-sale homes range from 1,794 to 1,860 square feet and have three bedrooms and 2.5 baths. Prices…

Chula Vista Goes Green With Federal Stimulus Funds

Chula Vista Goes Green With Federal Stimulus Funds

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The City of Chula Vista is celebrating some recent “green” accomplishments through the use of its federal Energy Efficiency & Conservation Block Grant (EECBG) funds. The City received $1,974,300 in EECBG funds as part of the federal stimulus package to help reduce energy use and carbon emissions from municipal facilities…

Flip That House Eastlake Style

Flip That House Eastlake Style

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Chula Vista will be using federal funds to flip foreclosed homes through a program aimed at revitalizing neighborhoods and providing first-time homebuyers with affordable housing. More than 14 foreclosed homes are being resold with $1.4 million of Neighborhood Stabilization Program funds and HOME Investment Partnership Program money. “The goal is…

San Diego County real estate activity slows to stall, index says

San Diego County real estate activity slows to stall, index says

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The already sluggish local economy appears to have lost momentum in September, with a sharp decline in building permit applications dragging the University of San Diego’s Index of leading Economic Indicators into its first outright decline since early 2009. “It’s significant that the economy has stalled, not necessarily falling, but…

SWC breaks ground on Prop R-funded project.

SWC breaks ground on Prop R-funded project.

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Amid controversy and mere weeks before governing board elections, Southwestern College leaders, students and community members finally broke ground on an anticipated corner lot development Oct. 13. The 110,000-square foot project, located on the 9.4-acre lot on the corner of H Street and Otay Lakes Road, is set to include…

City Loans Available for Energy-Saving Retrofits

City Loans Available for Energy-Saving Retrofits

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Chula Vista property owners are now able to receive low-interest loans in order to make energy-saving improvements at their homes or businesses. The loans are part of the city’s Home Upgrade, Carbon Downgrade program. Loans may be given for a variety of projects such as wall and attic insulation, water…

The Inside Story of the San Diego & Eastlake Real Estate Market

The Inside Story of the San Diego & Eastlake Real Estate Market

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“If I had only sold a few years earlier, I would’ve made a fortune.” A San Diego, California Resident It was late 2005 and I was attending a real estate meeting at our local real estate investing club in San Diego. The parking lot was full with flashy cars and the crowd…

FREE South Bay Homeownership Resource FAIR (Saturday, June 26th 9:30-2:00 at Chula Vista City Hall)

FREE South Bay Homeownership Resource FAIR (Saturday, June 26th 9:30-2:00 at Chula Vista City Hall)

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Looking to purchase a home?  Want to make improvements to your current residence?  Having trouble making mortgage payments? Visit the free South Bay Homeownership Resource Fair at Chula Vista City Hall, 276 Fourth Avenue on Saturday, June 26.  The event, scheduled from 9:30 a.m. to 2 p.m., is sponsored by…

Homeowners Slowly Open Wallets For Improvements

Homeowners Slowly Open Wallets For Improvements

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SAN DIEGO — People are starting to spend money on their homes again. Not a lot, but enough that paint store owners, home designers and kitchen refinishers are hopeful that this year represents a turn away from the disastrous depths of the recession last year. “We’re not taking as many…

Have San Diego Home Prices Hit Bottom?

Have San Diego Home Prices Hit Bottom?

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It’s easy to get confused these days when reading the headlines about where housing prices are headed. Zillow says home prices declined in the first quarter of 2010 by 1 percent quarter-over-quarter and fell 3.8 percent year-over-year. Integrated Asset Services (IAS) sees a rosier picture with national housing prices gaining…