Some may consider this good news, for others it doesn’t help them while they are currently unemployed. Either way, the unemployment number in San Diego County dropped to 10.2% in September from 10.6% in August. What does this mean if you’re thinking of purchasing real estate? Real estate prices are often driven by unemployment rates.
Month: October 2009
A sweeping change in the FHA condominium approval process will drastically affect the availability of financing for condominium projects. On November 2nd of this year, FHA will remove all condominium projects from its approved list that have not been approved within the last two years.
One interesting subject being talked about is the possibility of extending the First Time Home Buyer’s Tax Credit. Our friend the Phoenix Real Estate Guy just wrote a solid update on the subject and the possibility of it being extended.