HotelDel DownTown Sunset

T.G.I.F. from Jennifer Ross -  Realtor
The drawing for this month's giveaway is postponed for one week.  Our website host informed us that 26 people were dropped due to technical issues, so we will be giving them a little longer to subscribe.
Real Estate and Economic News  
San Diego fared very well in the most recent Case-Shiller home price index report released this week.  It was one of only four metropolitan areas, out of the 20 that are followed in the index, to report an increase in prices for the month of December as well as all of 2009, with prices here rising 2.7 percent.
The Mortgage Bankers Association said last week that delinquent mortgage loans declined in the past quarter to 9.47 percent, the first decline since the third quarter of 2006. Since about 40 percent of homes have no mortgage, the actual delinquency rate among all homeowners is really below 6 percent.
A local barometer of San Diego economic health saw another positive move in January, once again confirming that the regional economy will see a bottom in the first half of this year.
The University of San Diego's Index of Leading Economic Indicators for San Diego County rose 0.6 percent in January, the 10th consecutive monthly increase.
The further improvement was led by a substantial drop in initial claims for unemployment insurance, which is inverted to be positive when calculated into the index.
"That's really big news because January is the worst month of the year for initial claims," said USD economics professor Alan Gin, who compiles the index monthly.
Other components of the index also rose, including local stock prices, help-wanted advertising and the national Index of Leading Economic Indicators.
The Labor Department reported that the cost of living in January rose less than expected, up 0.2 percent. Of interest was the fact that the core rate of the Consumer Price Index - minus food and energy costs - fell by 0.1 percent, the first decline in that measure since December 1982. That's right, 1982. Over the past 12 months, the CPI has increased a modest 2.6 percent.
A report that showed that durable goods orders for products like airplanes, autos and refrigerators rose 3 percent in January, a number much higher than expected.
The latest release from the Economics and Mortgage Market Analysis Group finds, "The labor market is improving gradually. The length of the work week continues to rise from record lows in October 2009 and the number of part-time workers dropped dramatically -- the most comprehensive measure of unemployment and a good measure of labor market slack."
Home Buyer Tax Credits 
Did you know that there are 2 Federal tax credits available to you?
The $8,000 First-time Home Buyer Tax Credit and the $6,500 Move-Up / Repeat Home Buyer Tax Credit.
The tax credit applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify. 
More details can be found here .
The California Home Buyer Tax Credit has been fully allocated and is no longer available.
Other tips and tricks for buying a home can be found here on my website.

This Day In History

February 26
1829 - Levi Strauss, Bavarian immigrant and creator of blue jeans, was born in Buttenheim, Germany.
1919 - Grand Canyon National Park was established by an act of Congress.
1932 - Country music star Johnny Cash was born in Kingsland, Arkansas.
1936 - Adolf Hitler opened the 1st Volkswagen plant in East Germany.
1952 - British Prime Minister Winston Churchill announces that his nation has an atomic bomb.
1970 - National Public Radio incorporates as a non-profit corporation..
Selling Your Home
Ready to sell your home? Here are some Simple Tips for Better Home Showings .
Other tips and tricks for selling your home can be found here on my website.
Websites of the Week
The English language is complicated, and in some ways, illogical. As such, we need a good user's manual for it almost every day. Here it is.


Jennifer Ross

Experience Counts!
Over 21 years in
Real Estate sales
Serving all of San Diego
Office: 800.913.7677
Direct: 619.985.7340
Famous Quotes 
""The starting point of all achievement is desire. Keep this constantly in mind. Weak desires bring weak results, just as a small fire makes a small amount of heat."

Napoleon Hill 1883-1970, Author of Think and Grow Rich
Powerful Video!
This video is getting worldwide attention for its unique beauty and powerful message.

 As always, feel free to give me a call 800-913-7677 with your real estate needs.  Coldwell Banker logoI appreciate your referrals!
- Jennifer