Archive for the ‘real estate’ Category

Tough Getting Ahead in Real Estate in San Diego

Dan Scott of Faith Based Community Development teaches the class

Dan Scott of Faith Based Community Development teaches the class

Real estate prices have been steadily rebounding over the past four months in San Diego, particularly for homes suitable for first-time homebuyers. An $8,000 federal rebate, which is set to expire soon, could be what has stimulated demand in this tier of the market. It’s sort of a good news-bad news thing – the good news is that you’ll get an $8,000 rebate if you qualify; the bad news is that the house is now $20,000 more than it was six months ago thanks to, well, the rebates.

OK, so how’s a first-time buyer—particularly someone who is technically a low-income individual or family—to get in the market?

I recently attended a workshop with 28 hopeful homebuyers up in Oceanside to learn about their options.

Led by Daniel Scott, executive director of Faith-Based Community Development Corporation and a banker for 15 years, the monthly workshops are mandatory for people who’d like to qualify for federal homebuyer assistance. (more…)

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