Open House Listings
Home buyers: Click here to see a list of open houses.
Housing Commission offers help through San Diego Foreclosures website
The San Diego Housing Commission has created a website for those needing information or resources regarding foreclosures. Visit www.foreclosuresandiego.org.
Mortgage interest deduction changes proposed in 2010 federal budget
A small section of the sweeping budget plan released by President Obama in late February has the potential to become a major impediment to a recovery in real estate markets across the nation. REALTORS® are opposed to the provision that modifies the mortgage interest deduction.
As currently drafted, the plan changes the mortgage interest deduction by reducing the amount of mortgage deductibility on families earning over $250,000. This proposed change will result in further erosion of home prices and home values. If this proposal is enacted, it will set of a new round of price depreciation, and will cause greater distress on the balance sheets of banks as the collateral value of mortgage backed securities declines. A second credit crisis could emerge before the first one is resolved.
Please contact your Members of Congress and Senators and urge them not to diminish or eliminate the mortgage interest deduction. Click here for a list of elected officials. For more information on the Mortgage Interest Deduction, click here.
Making Home Affordable Plan has goal of stabilizing the housing market
For a guide to the Refinancing and Loan Modification Plan and for tips to help you avoid foreclosure rescue scams, click here.
Update: May 14, 2009: The Obama administration announced new details under its Foreclosure Alternatives Program (FAP) enabling servicers and borrowers to pursue short sales and deeds-in-lieu (DIL) of foreclosure in cases where the borrower is generally eligible for a Making Home Affordable modification but does not qualify or is unable to successfully complete the three-month trial period. The program, effective through 2012, requires that prior to proceeding with a foreclosure, servicers must determine if a short sale is appropriate. More information will be forthcoming at C.A.R.’s Market Response Center.
Facing foreclosure? Here are some San Diego resources to help
The foreclosure crisis is having a significant impact on neighborhoods and families alike. The San Diego Housing Commission has established a web page as a public service to provide listing information for organizations and agencies that may be able to help families facing the prospect of foreclosure. Visit Foreclosure San Diego for more information.
Another local organization that offers foreclosure counseling and home clinics is the Housing Opportunities Collaborative.
Community HousingWorks’ Foreclosure Prevention Center (FPC) offers a full range of counseling services to assist families to avoid foreclosure and sustain their homeownership.
Resources to Help San Diegans Purchase Foreclosed Homes
Tax Credits: The San Diego Housing Commission recently received from the state an allocation of special Mortgage Credit Certificates (MCCs) designed to help up to 100 moderate-income San Diegans purchase foreclosed homes. As a federal tax credit, MCCs reduce the amount of federal income taxes owed, which in turn increases the home buyers' take-home pay, allowing them to qualify for larger first mortgages. For more information, click here.
Neighborhood Stabilization Program: Besides the MCCs, SDHC (in partnership with the City of San Diego) will offer an additional array of resources for purchasing bank-owned homes through the new Neighborhood Stabilization Program (NSP). This will be a local version of a national, HUD-funded program. On January 15, 2009,HUD announced approval of all NSP applications in the state, including the one submitted by SDHC-City of San Diego. It is anticipated that the San Diego NSP program will begin in March. NSP resources will include deferred second trust deed loans, housing rehabilitation assistance and down payment grants to help with the acquisition of the property.
Read the 10 Steps to Home Ownership by 2009 SDAR President Erik Weichelt as it appeared in bizSanDiego.com.
‘Market Matters’ helps make sense of real estate data
Market Matters, an initiative from the California Association of REALTORS® (C.A.R.), offers proactive solutions to help you make sense of the often conflicting and confusing data, market studies, and news reports about the real estate industry. To view the Market Matters Advisory, click here.
General Information
The San Diego Association of REALTORS® does not compete with its members and therefore does not maintain a public property search tool. To assist you in the homebuying process, here are useful links and information.
If you wish to find a property, contact a REALTOR® member or click on Find a Home.
For SDAR REALTOR® members who speak multiple languages, click here.
For information about home buying programs in the San Diego region or for information about home buyer education classes, click here.
San Diego Loan Limits for 2009
| Loan Type | Loan Limit |
| VA | $593,750 |
| FHA | $546,250 |
| Conforming (Fannie Mae/Freddie Mac) |
$546,250 |