The percentage of households that could afford to buy an entry-level home in California stood at 33 percent in the fourth quarter of 2007, compared with 25 percent for the same period a year ago, according C.A.R.’s First-time buyer Housing Affordability Index (FTB-HAI) released Tuesday.
The FTB-HAI measures the percentage of households that can afford to [...]

Posted in All Things San Diego, Lending, Local Business, Real Estate, Things of Interest No Comments »

Famed Money Manager is perhaps best known for his timeless wisdom that you can beat the pros by focusing on stocks of companies where you either work or shop or have some other edge. But a more relevant Lynchism today is this gem: Ignore the headlines.
That’s no easy thing. How do you tune out all [...]

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A blonde goes to the post office to buy stamps for
her Christmas Cards.
She says to the clerk, "May I have 50 Christmas
stamps?"
The clerk says, "What denomination? "
The blonde says, "God help us. Has it come to this?
Give me 6 Catholic, 12 Presbyterian, 10 Lutheran and
22 Baptists

Posted in Jokes, Loretta's Line No Comments »

In, "House Lust: America’s Obsession With Our Homes," (Currency, $24.95) "Newsweek" reporter Daniel McGinn posits that despite the slump, Americans are still obsessed with real estate. The suburban Boston resident, who freely confesses his own struggles with house lust, explores seven facets of the vice in his book. For research, he spent the night in [...]

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Valentine’s Jazz Dinner at The Abbey on 5th     February 16
For a memorable Valentine’s Day Dinner plan, The Abbey on Fifth Ave. offers Valentine’s Jazz Dinner At The Abbey with live Jazz, a delicious 4 course dinner and dancing all in the historic slendor of this amazing 100 year historic building. call 619-686-8715 or visit www.hornblower.com [...]

Posted in All Things San Diego, Holidays, Upcoming Events No Comments »

When choosing a vacation spot, be aware of the following
advertising terminology and their meanings . . .
 
Tropical . . . . . . . . . . . . . . . Rainy.
Old world charm . . . . . . . . No bath.
Open bar . . . . . [...]

Posted in Helpful Hints, Holidays, Loretta's Line, Things of Interest, Travel No Comments »

The mortgage industry is trying very hard to help borrowers who find themselves in serious trouble in making their payments, particularly those with rising payments with their adjustable-rate mortgage.
For example, about 54,000 mortgage loans were modified and another 183,000 borrowers had their loans structured with formal repayment plans during the third quarter of last year, [...]

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Strategic legislative changes relating to housing is a key element in efforts to avoid recession and turn the housing market in an upward, positive direction. That’s the view of most real estate experts who are analyzing the current real estate market. But precisely what those changes should be is the focus of intense discussions today. [...]

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 The profile of the average home buyer is constantly changing. One of the most dramatic changes currently is growth in the number of women buyers, particularly single women. Single women now comprise more than one in every five home buyers. Married couples make up the largest share of buyers (about 61 percent of transactions).
"Single women [...]

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The mortgage industry is trying very hard to help borrowers who find themselves in serious trouble in making their payments, particularly those with rising payments with their adjustable-rate mortgage (ARM). For example, about 54,000 mortgage loans were modified and another 183,000 borrowers had their loans structured with formal repayment plans during the third quarter of [...]

Posted in Lending, Real Estate No Comments »