Month: October 2009

Unemployment rate down to 10.2% in San Diego County

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.

The Condo Conundrum

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.

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