Much like everything else tied to the stock market, we have analysts, and stock trading investors that love to jump the gun. When they jump the gun, everything comes tumbling down so to speak.

When investors feel the market is not doing what they think it should and bring them record profits, they pull away from certain stocks, or sell what they own. When investors do not have confidence in any market sector, they are not going to buy stocks in that sector whether it is the housing market, oil, or even electronics. We see this trend all the time in every sector across the board.

Of course, you heard it on the news that Fannie Mae and Freddie Mac were in trouble, once again, you are listening to the Media that loves to blow everything out of proportion to get a rise out of investors, consumers, and everyone that listens.

When this occurred, the Fed’s had to do something just to ease the minds of the general public and of course those investors on Wall Street. What did they do? Well, all they really did was state that Fannie Mae and Freddy Mac cannot fail as they are both government sponsored enterprises and they will do what is necessary to stop the failure, which will never happen.

The Fed’s devised an emergency plan just to put everyone at ease, which includes:
Congress was asked to pass legislation to extend lines of credit for a temporary time period over the 2.25 billion limits at the present time.
This will give the Treasury has the option to buy equity in Fannie Mae and Freddie Mac.
In addition, grant the Federal Reserve Bank of New York the authority to lend funds to Fannie Mae and Freddie Mac if needed.

After the initial statement from the Fed’s we heard from both Fannie Mae and Freddie Mac.

Daniel H. Mudd, President, and CEO of Fannie Mae stated, “We continue to hold more than adequate capital reserves and maintain access to liquidity from the capital markets,…“Given the market turmoil, having options to access provisional sources of liquidity if needed will help to strengthen overall confidence in the market.”

Words of Richard F. Syron, Chairman and CEO of Freddie Mac were, “The company (Freddie Mac) is adequately capitalized, has a large liquidity portfolio and access to the world’s debt markets. The company’s capital and liquidity resources will enable it to continue to serve its public mission as it has always done.”

The community of Rancho Santa Fe reported 13 Rancho Santa Fe homes sold at a median price of $2,000,000 for the month of May 2008.

The community of Rancho Santa Fe is one that is always in high demand. Due to the uniqueness with its proximity to San Diego and having larger 2 Acres or more lot sizes being the norm Rancho Santa Fe offers a lot of character especially for the equestrian lovers. Not only is Rancho Santa Fe home to a lot of equestrian lovers it also has a lot to offer to the Golfer of the family as well with some of the best known Golf courses in the world like the Bridges and the Ranch.

Ranch Santa Fe has a very classy ranch family style setting and is only minutes to the Del Mar race track and fair grounds and also the beach. Offering the perfect venue for many families desiring a serene country executive style setting.

For many homeowners on the brink of foreclosure Senate Bill 1137 in California is just in the nick of time. Recently, the State Legislature of California enacted the foreclosure reform law. Lenders will not be able to just file a default and take away homes as they did at one time. With this law in place, all lenders will have to contact the homeowner and work together with all options available at least 30 to 60 days before they can file a notice of default to begin foreclosure procedures. Homeowners upon foreclosure will have from 30 to 60 days to move from the foreclosed property unless there are other laws in place that overturn this law.

Along with this bill, any person that does purchase a home that is in foreclosure is required to do all upkeep on the exterior of the vacant property.

This bill offers a ray of hope for homeowners that have not fallen prey to the foreclosure epidemic in that if there is a way for the lending company to work with the homeowner, the homeowner will be able to keep their home.

Now, comes the alternatives to foreclosure. If a homeowner is in a home that is out of their limits to pay back the mortgage for any number of reasons such as illness that has landed the breadwinner out of work, then working out a solution will be a difficult one.

The best thing to do when contacted is to talk with the lending company. Many people feel as if they have no hope and do nothing to try to keep their. This is the number one mistake. Talk with the lending company, explain your situation, and learn what options you have available.

San Diego’s South County/South Bay’ was one of the hottest areas for the month of May 2008. The Chula Vista area of San Diego is a very Hot San Diego Real Estate Community, especially the East Lake/Otay Ranch communities.

This Hot Chula Vista Real Estate Community reported 44 East Lake/Otay Ranch homes sold at a median price for $429,000 for the month. This Chula Vista Community has a lot to offer to families such as lots of parks, Chula Vista Golf Courses, and only minutes away from the Ocean.

Once again this area should always show strong interest when it comes to demand for family style living in the San Diego Real Estate market due to the proximity to the San Diego Downtown area.
The Chula Vista Real Estate market has a lot to offer and should continue to show a lot of San Diego Home Buyer activity for years to come.

The Spring Valley, CA Real Estate market reported 44 Spring Valley homes sold at a median price of $272,500 for the month of May 2008. This made Spring Valley the top East County market in regards to East County Home sales for the month.

Spring Valley homes are in high demand because of several factors such as location. The Spring Valley homes are all fairly close to the Downtown area of San Diego as well as the ocean and close to a lot of family activities like dinning, shopping and movie theatres etc. .

Spring Valley will continue to be one of the more high demand areas especially with the rise in fuel prices because it is so close to the heart of San Diego.

News Alert: Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®

This week, the State Legislature enacted foreclosure reform law to address the adverse effects of high foreclosure rates in California. The new law requires lenders to contact homeowners to explore options for avoiding foreclosure at least 30 days before filing a notice of default. It also requires owners acquiring property through foreclosure to maintain the exterior of vacant residential properties. The new law also extends from 30 to 60 days the time for residential tenants to move out of properties that have been foreclosed upon, unless other laws apply. These requirements will remain in effect until January 1, 2013. The full text of Senate Bill 1137 (Perata) is available at www.leginfo.ca.gov

It is really too bad that it has taken our government so long to react to such a huge problem. I know they don’t want to take ownership of the Foreclosure Tsunami that we have all seen take place over the past few years but let’s face it if they had not allowed these Subprime deals to happen in the first place then we would not have this problem today!

Many San Diego Real Estate investors and first time home buyers are really starting to make some great deals on properties in the San Diego County Real Estate Market as they are in many markets around the country. I just feel sorry that so many people have gotten hit with such a huge problem and it has taken our so powerful government so long to react!

IMHO they are the true cause after all they are here to protect us correct.

Ok Folks,

This is important enough that i feel everyone needs to see this video! Also, you must ask yourself why and for whom?

Please feel free to post your comments as this will truly affect us all! STOP OBAMA - Read This!

If you have any doubt or concern about where Obama might lead us check this out. There was an article in yesterday mornings Investor Business Daily that said our Navy is a below or near World War I levels. We have 279 in our fleet today and in 1980 we were at 568. By 2010 China is projected to have 2 times as many submarines as we have. This should be of Major Concern to all!

IMHO opinion if we are to save our county we all need a major wake up call!

The community of Oceanside North was the May 2008 leader of the San Diego Coastal Communities in regards to reported home sales. The Oceanside North Community reported 59 Oceanside Homes sold at a median price of $343,000 for the month.

There are several reasons Oceanside north was the leader of North County Coastal communities. One is that there are a lot more families continually moving in and out of Oceanside on a monthly or yearly basis than most others due to the fact that our Military has such a presence with the main gate and several thousand acres residing in Oceanside, CA. Yes, the world renown Camp Pendleton resides in Oceanside, CA and houses thousands of our proud Military in the Oceanside, CA area. Frequently they recieve orders to ship to another area and therefore causing a lot of families to have to move in and out of the Oceanside, CA area.

The Real Estate Market of Lakeside California in San Diego County reported that 32 Lakeside homes sold at a median price of $412,000 for the month of May 2008!

This area of East County where 246 East County homes where sold over the month of May is still showing strong buyer activity as there are a lot of great buys to be had in the San Diego Real Estate Market even in East County.

We continually see around 1-2000 new buyers each and every month that come to us looking for their San Diego County Dream Home.

San Diego’s East County consisting of areas like, Lakeside, Alpine, Lemon Grove, Pine Valley, Rancho San Diego, Le Mesa to include Mt. Helix, Jamul, Jacumba, El Cajon, Descanso, Campo and Boulevard continue to attract buyers that are wanting home that has a little more country style setting. Some of these homes can have a few acres and or many acres being one of the few areas in San Diego County where you can still buy property with a home.

The community of Rancho Penasquitos was the leader of homes sales in May 2008. Rancho Penasquitos reported 48 Rancho Penasquitos homes sold during the month at a median price of $575,000.

This community is just one of the many areas of the Inland North County communities that is offering buyers a lot of great deals. The demand for this area has and always will be high due to the proximity to downtown San Diego. From Rancho Penasquitos you are only minutes to the beach and or the mountains. It is a lovely very family like community offering a lot of those family style demands like parks, shopping, movie theatres and much, much more!