All Blog Entries by Tyson Lund 
There are currently 22 blog entries published by Tyson Lund.
Short Sale and Foreclosure - Carlsbad, Encinitas, Cardiff
Thursday, April 26th, 2012 at 11:16am. 93 Views, 0 Comments.
Home many short Sales, foreclosure homes and resale homes make up the coastal market?
We have many clients that are curious about foreclosure & Short Sales - and how much they make up of the current market. The numbers below are for a 12 month period. Below, you can see REO property is currently shrinking and short-sale home increasing. This is due to more people short-selling as opposed to letting the bank foreclose. Resale homes, or traditional homes, still make up a majority of the marketplace on the coast. (Want more info? Contact Tyson Lund)
For the following cities: (Carlsbad, Encinitas, Cardiff)
| Territory Market Recap* | ||||||||
|---|---|---|---|---|---|---|---|---|
| Active | In-Escrow | Closed (List Side) | Total | |||||
| REO | 75 | 5.6% | 109 | |||||
New Construction Update: The Foothills - Rockrose
Thursday, April 26th, 2012 at 11:04am. 58 Views, 0 Comments.
Brookfield homes is seeing this community through and have beautiful homes now available from the mid $500s+. Rockrose features four elegant floor plans including a single story residence. Floor plans range from 3 bed/ 2 bath (2,116sq ft) to 4 bed/4.5 bath/+ bonus room (3,167sq ft).
Want to find the development - Located Here
Call the Lund Team, Inc for more information on currently available homes, mello-roos, neighborhood information - as well as a Top 10 Construction Do's and Don'ts!
Rockrose Home Features Exteriors- Distinctive color schemes 2 no-cost front yard landscape packages Interiors- Maple cabinetry (3 no-cost color…
Carlsbad Condo Market Report - April Update
Tuesday, April 24th, 2012 at 10:52am. 41 Views, 0 Comments.
Carlsbad condominium and town home sales are robust in 2012. Carlsbad saw an average 50 units sell a month in April versus an average of 25 in 4th quarter 2011. The results of continued low mortgage rates and reduced inventory, Carlsbad condo's are securing 98% of asking price with the average 2 bedroom, 2 bath 1,400 sq.ft. condo selling for $324,000. Average time on market is around 51 days for traditional sale property, a time that has moved down from 55 days in previous months. Average sale prices have remained relatively unchanged since 2011. Similar to single family homes, condos are become more scarce in 2012. Month(s) of sellable inventory for condos in Carlsbad is 2.2 months. Search Carlsbad Condo and townhome properties for sale
Carlsbad Market Summary - 2012
Wednesday, January 25th, 2012 at 4:52pm. 149 Views, 0 Comments.
Carlsbad and General Market Summary:
Tyson Lund - Broker Associate , The Lund Team, Inc
Active
real estate brokers are noticing a shift in the San Diego real estate
market. Many areas of the county are experiencing fewer homes for sale
than in previous months. Professionals call this “inventory restriction”
and it is having a noticeable affect on our local Carlsbad market. An
increase in the number of home buyer showings per available home.
Average time to sell in the current market for non-short sale property
has dropped by 33% to 60 days average market time. Brokers are finding
multiple offers more common on their desirable listings with the seller
achieving near 99% of their asking price. Now although it is much…
Carlsbad Condo Stats For 2012
Monday, January 23rd, 2012 at 11:37am. 84 Views, 0 Comments.
Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012. Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium. The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000. Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents. Average time on market is around 55 days for traditional sale property. Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory. Short-sales, ever the…
Buy a home with 1/2 of 1% down!
Wednesday, January 18th, 2012 at 11:34am. 86 Views, 0 Comments.
A new product from a Lund Team, inc preferred lender allows a qualified buyer to purchase with as little as ½ of 1%. That is buying a $400,000 home with $2,000.
If you can say “Yes” to all of the following you qualify for this mortgage:
• Must be an FHA 30 Year Fixed Rate
Loan
• 2nd Mortgage not to exceed 3% of the Sales Price
• 2nd Mortgage proceeds can be used for Down Payment or Closing Costs
• Property MUST be Owner-Occupied
• Borrower can not own other properties
• Borrower must meet Income Limitations (call for details) SAN DIEGO $89,880
and Orange County $101,040
• Borrower DOES
NOT have to be First Time Buyer
• Minimum FICO Score 620
• Second mortgage is a 15 year fixed rate…
Selling in a slower winter market
Tuesday, October 18th, 2011 at 10:16am. 313 Views, 0 Comments.
With North San Diego county feeling the effects of seasonal slowing (i.e less homebuyers buying), many homeowners consider waiting for spring to sell their property. Here is a generalized argument for selling now:
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Less competition from those unwilling to sell during the holidays creates an advantage. Less competition means better chance to sell.
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Low sales in winter set the "comparative sales" used by appraisers and brokers to gauge value. Low foreclosure/short-sale sales will make it difficult for today’s highly cautious appraisers, buyers and brokers to approve higher sale values within a 6 month period. In short, get ahead of the curve.
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Current low interest rates are encouraging to buyers. Rates can fluctuate…
Real Estate In The News: Rates, Sales & More
Friday, September 23rd, 2011 at 9:36am. 157 Views, 0 Comments.
The Los Angeles Times
Mortgage rates hold steady, Freddie Mac survey says
The
interest rate on a 30-year fixed mortgage held steady this week at a
60-year low while the 15-year fixed loan edged down to a new record low,
mortgage finance company Freddie Mac said in its weekly rate snapshot.
Read the full story
HousingWire
Five more years of housing problems, with some stability in local markets
The
housing market remains shaky and is unlikely to deliver significant
growth in prices over the next five years, according to a new survey of
economists, real estate professionals and analysts.
Read the full story
The Los Angeles Times
Sales of previously owned homes jump in August
The
number of homes sold increased 7.7 percent in August compared with…
Your FHA Loan Update Checklist!
Tuesday, September 6th, 2011 at 11:00am. 245 Views, 0 Comments.
WHAT YOU NEED TO KNOW ABOUT UPCOMING CHANGES TO FHA LOANS
As you may know, unless Congress extends the expiration deadline,
Federal Housing Administration (FHA) loan limits set in 2008 will drop
significantly beginning October 1. Congress raised the loan limit amount
in response to the housing crisis to help spur the homebuying market.
FHA loans offer borrowers very competitive rates and terms, and they
only require a 3.5% down payment. Allowable debt ratios are higher than
the typical debt-ratio limits imposed for conventional loans, and there
are no income limit qualifications, so more people can qualify for them.
If the loan limit drops on October 1, many California homebuyers will
face higher down payments, higher mortgage…
Mortgage Rates Fall To Record Lows; Refinance Boom
Thursday, August 25th, 2011 at 11:06am. 144 Views, 0 Comments.
Average 30 year fixed mortgage rates have fallen to historic lows; 4.41%. Many Lund Team clients have reported securing fixed rate loans even lower lower (4.1%-4.25%) depending on their individual situation.
There is much discussion about the future of low mortggae rates. Many economists argue that we should expect an extended period of low mortgage rates as the economy contracts during a recession.
Our local mortgage contacts report heavy volumn in #'s of property refinances.
The 15-year fixed-rate rose 5 basis points to 3.63 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, was 4.94 percent, up 5 basis points from last week.
The 5/1 ARM fell 3 basis points to 3.12…
