Tag Archives: Sign On San Diego

Current San Diego Home Prices

San Diego County home prices rose again in September, holding onto a four-year high. Here’s a closer look at the ZIP codes that saw the biggest price jumps when comparing total sales in September 2011 to sales last month.

Rank Neighborhood ZIP code Sold ’11 Sold ’12 Sold Pct Chg Med ’11 Med ’12 Med Pct Chg
1 Del Mar 92014 21 17 -19.0% $875,000 $1,554,500 77.7%
2 Golden Hill 92102 24 19 -20.8% $146,250 $216,000 47.7%
3 College 92115 47 52 10.6% $212,000 $311,250 46.8%
4 Logan Hts 92113 16 18 12.5% $160,000 $230,000 43.8%
5 Escondido S 92025 34 39 14.7% $234,750 $330,000 40.6%
6 Kensington Normal Hts 92116 30 21 -30.0% $302,500 $420,000 38.8%
7 Imperial Beach 91932 12 19 58.3% $162,500 $223,000 37.2%
8 Oceanside N 92057 78 82 5.1% $258,500 $340,000 31.5%
9 San Carlos 92119 27 25 -7.4% $305,000 $400,000 31.1%
10 Alpine 91901 22 26 18.2% $309,000 $402,000 30.1%
11 Allied Gardens Del Cerro 92120 35 33 -5.7% $350,000 $450,000 28.6%
12 La Mesa Grossmont 91942 49 38 -22.4% $260,000 $330,000 26.9%
13 North Park 92104 41 26 -36.6% $283,500 $356,000 25.6%
14 Escondido E 92027 53 38 -28.3% $252,000 $312,750 24.1%
15 Morena 92110 30 28 -6.7% $261,000 $322,500 23.6%
16 Paradise Hills 92139 24 33 37.5% $220,000 $267,500 21.6%
17 Vista W 92083 20 36 80.0% $240,000 $291,500 21.5%
18 City Heights 92105 44 30 -31.8% $185,000 $225,000 2.0%
19 La Mesa Mt. Helix 91941 28 39 39.3% $360,000 $435,000 20.8%
20 El Cajon 92019 45 49 8.9% $255,000 $306,000 20.0%

Source: DataQuick

Read this article in full at SignonSanDiego.com: “Home prices hottest in these 20 ZIP codes (September)”.

Mortgage aid open to more Calif. borrowers

A state-run program that helps homeowners struggling to pay their mortgages now has broader eligibility guidelines, opening up help to borrowers who did “cash-out” refinances and own multiple properties, said California Housing Finance Agency officials on Monday.

The mortgage-aid effort, called Keep Your Home California, so far has helped close to 8,000 low- and moderate-income households that are behind on loan payments or close to default, according to agency leaders.

Keep Your Home California“This expanded eligibility will allow more families to qualify and receive greater assistance,” said California Housing Finance Agency Executive Director Claudia Cappio, in a statement. “We are continuously evaluating our experience so far and making adjustments like these based on the initial results of the Keep Your Home California program.”

Keep Your Home California has four parts that include: mortgage help for the unemployed, mortgage aid for homeowners with documented financial hardship, relocation help for those in the midst of a short sale or deed-in-lieu of foreclosure, and reduction of principal. The programs, paid for by the U.S. Treasury Department’s Hardest Hit Fund, is costing taxpayers $2 billion.

Monday’s announced changes include:

–Allowing homeowners who completed “cash-out” mortgage refinancing to take part in the four programs. Such borrowers were excluded before.

–Allowing borrowers who own more than one property to apply. Program officials said this will be particularly helpful to those who co-signed on properties for family members.

–Offering mortgage aid to unemployed borrowers for nine months, instead of six. Such homeowners can get up to $3,000 a month. To qualify, you must receive unemployment benefits.

–Reinstating up to $20,000 in past-due mortgage payments instead of the previous $15,000 cap.

To qualify, your mortgage servicer must take part in Keep Your Home California. Click here for the list of servicers.

Info: Call 888-954-KEEP(5337) between 7 a.m. and 7 p.m. Monday through Friday, and 9 a.m. to 3 p.m. on Saturdays. Visit: www.KeepYourHomeCalifornia.org or www.ConservaTuCasaCalifornia.org.

This article is from SignOnSanDiego: “Mortgage Aid Open to More Calif. Borrowers.”