homebuying

HIGH PRICES, LOW INVENTORY PUT SQUEEZE ON LOW-INCOME AND FIRST-TIME HOMEBUYERS AMID PANDEMIC

 

By Helen Horvath

 

August 22, 2020 (San Diego) - You might think that amid the pandemic’s economic uncertainties, when many people are unemployed or living on reduced revenues, people would be hesitant to invest in buying a home. Yet real estate experts interviewed by ECM report the opposite – a frenzy of competitive bidding pushing up prices of local homes for sale. While a shortage of inventory is benefitting home sellers, the pandemic pandemonium in San Diego County’s real estate market poses daunting challenges for first-time homebuyers and those with low or moderate incomes.  


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REAL ESTATE REALITY: WHO PAYS WHAT ON A REAL ESTATE PURCHASE IN SOUTHERN CALIFORNIA?

By Maryanne Jackson Real Estate Broker

December 10, 2019 (San Diego’s East County)

Dear Maryanne,

Can you clarify for us whom pays for what on a property purchase/sale in Southern California?

Joel B and Jessica M.


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HOMEOWNER'S GURU: THE TRUTH ABOUT SHORT SALES

By E. V. Small

February 14, 2013 (San Diego)--If you are a homeowner who is underwater and/or behind on your mortgage payment , you probably feel as though you have very few options.  Believe it or not, you might just be in a better negotiating position than homeowners with equity and their home and who have made all timely mortgage payments.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.

ECM WORLD WATCH: GLOBAL AND NATIONAL NEWS

 

  
April 16, 2012 --  (San Diego’s East County) – ECM World Watch helps you be an informed citizen about important issues globally and nationally. As part of our commitment to reflecting all voices and views, we include links to a wide variety of news sources representing a broad spectrum of political, religious, and social views. Top world and U.S. headlines include:    
 
 
 
 
WORLD   
  • Taliban hits Kabul, other Afghanistan cities in coordinated attack (Washington Post)
  • Man in nursing home awakens listening to music from his past (Time) 
  • U.S. condemns North Korea missile launch, warns on nuclear (Reuters)    
U.S.  
  • Politifact: Romney claim on women job losses under Obama is “mostly false” (Politifact)
  • Just a few states could decide battle for Obama, Romney (Los Angeles Times)
  • US homebuying season finally signaling a recovery (AP)
  • Residents dig out after Midwest tornadoes (NPR) 
  • Don’t wait for Social Security check  in the mail (Bloomberg Businessweek)
  • 15 mind-blowing facts about wealth and inequality in America (Business Insider)

 

 

 
Scroll down for excerpts and links to full stories.  

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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.

NEW TAX CREDITS FOR HOMEBUYERS

 

May 11, 2010 (Sacramento) -- The California Legislature recently approved a $10,000 tax credit for Californians purchasing qualified homes between May 1, 2010 and Dec. 31, 2010. The credit applies to people purchasing previously unoccupied homes and to first-time homebuyers purchasing re-sale homes.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.

DOLLAR-WISE DIVAS: UNCLE SAM WANTS TO GIVE YOU MONEY TO BUY A HOME

 

“Kiss Your Landlord Goodbye” – free seminars Feb. 27 in La Mesa, March 1 in El Cajon

 

 

Share creative ideas to assist people of all ages with tips to save money and improve their lifestyle!

By Nancy and Dawn Clement

 

February 10, 2010 (San Diego’s East County) -- Uncle Sam wants to give you money to a buy a house, but you must hurry because there is a deadline; you must be in escrow by April 30 and must close escrow by July 1, 2010.

 

This program is the Homebuyer Tax Credit, and in November of 2009 was revised to include both first-time buyers and buyers who already own a home.


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$15 MILLION AVAILABLE FOR FIRST-TIME HOMEBUYERS, COUNTY ANNOUNCES

Many East County communities are on list of eligible areas

December 18, 2009 (San Diego) -If you're a first-time homebuyer, you may be able to take advantage of state funds awarded to the County of San Diego Department of Housing and Community Development. The department received $15 million for the Mortgage Credit Certificate, or MCC, program, in addition to almost $11 million awarded to Housing and Community Development earlier this year.


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