El Cajon NewsLocal news for El Cajon, CA continually updated from thousands of sources on the web.Housing Affordability Best in Four Years!!- May 28, 2008 Some brave financial analysts are coming out of the gloom closet. The chief economist for the Cleveland-based bank National City Corp (NCC, Fortune 500), Richard DeKaser, said that "housing valuations are almost back to long-term norms." 'Valuation' is defined as the difference between what a home should cost and its actual price. He said that current affordability is "the best in the past four years." Three hundred and thirty housing markets were surveyed and showed price declines and improved.http://www.topix.net/city/el-cajon-ca/2008/05/housing-affordability-best-in-four-years?fro... Ex-Marine sentenced for child pornography- May 28, 2008 U.S. Attorney Karen P. Hewitt yesterday announced the status of three child-pornography cases, including ones involving a former San Diego County employee and a former Miramar-based Marine.http://www.topix.net/city/el-cajon-ca/2008/05/ex-marine-sentenced-for-child-pornography?fr... Cool Weather, Wet Roads Hamper Weekend Plans- May 25, 2008 Cool temperatures and blustery conditions greeted San Diego drivers Saturday as a storm doused the area and turned commuter routes into spontaneous demolition derbies.http://www.topix.net/city/el-cajon-ca/2008/05/cool-weather-wet-roads-hamper-weekend-plans?... SoCal's April Sales Highest in Eight Months- May 20, 2008 What happened While we were all reading and listening to the bad news, someone has been buying homes! Dataquick reported that Southern California homes sales in April are at the highest levels since August of 2007. The bulk of the sales have mainly been in homes under $500,000 as those looking for great deals took advantage of the price slump and foreclosures. Thirty-seven percent of the homes sold last month were foreclosures. In San Diego County, Chula Vista is among the highest areas of...http://www.topix.net/city/el-cajon-ca/2008/05/socals-april-sales-highest-in-eight-months?f... Good News For Home Buyers- May 16, 2008 Fears of inflation may have kept 30-year mortgage rates from being lowered despite the Federal Reserve's cutting of its key interest rate. However 15-year fixed rate mortgages fell slightly to 5.59 percent, down from 5.62 percent, and, lest we lose perspective here, rates are still better than a year ago, when a 30-year fixed mortgage averaged 6.13 percent and a 15-year fixed went for 5.87 percent!http://www.topix.net/city/el-cajon-ca/2008/05/good-news-for-home-buyers?fromrss=1 Consider Yourself WARNED- May 15, 2008 Who Knew Getting the FLU in the Merry Month of May! I certainly didn't expect this. I was completely blindsided with it this morning. Not that anyone is ever really ready to get the flu, but some inkling that it's going around town would have been nice. I would have washed my hands more often. So you won't be caught unaware, I'll let you know what to expect if the dreaded virus finds you. You'll wake up with a bit of a headache, and all of your muscles will ache like you did too much stretching.http://www.topix.net/city/el-cajon-ca/2008/05/consider-yourself-warned?fromrss=1 Buyers! Happy Days are HERE Again!- May 11, 2008 Bloomberg.com posted the news that Consumer Confidence fell to a 5-year low and home prices as measured by the S&PC-S Index experienced their greatest decline since at least 2001. San Diego experienced a year-over-year decline of 19.2% Will they drop further Some say yes; some say maybe; some say no. So, is anyone out there buying or are they all waiting for more declines in prices Well, SOMEBODY is buying because we have put in countless offers for buyers and EVERY SINGLE ONE has been...http://www.topix.net/city/el-cajon-ca/2008/05/buyers-happy-days-are-here-again?fromrss=1 Did Someone Die Here- May 10, 2008 That was a question one of our buyers asked while we were looking through a bank-owned property. She wanted us to ask the listing agent. We had to tell her that the agent wouldn't know because there are no disclosures. Since the bank now owns this property, and since the bank has never lived in the property, they don't know, nor do they care if someone died there! This same client also had tons of questions about the pool, which was covered with a plywood platform type contraption. The pool...http://www.topix.net/city/el-cajon-ca/2008/05/did-someone-die-here?fromrss=1 |