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	<title>Don&#039;s Real Estate &#38; Mortgage Blog</title>
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	<description>Staying updated in a fast changing industry</description>
	<lastBuildDate>Tue, 14 Sep 2010 21:27:48 +0000</lastBuildDate>
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		<title>Don&#039;s Real Estate &#38; Mortgage Blog</title>
		<link>http://donschmidtrealestate.wordpress.com</link>
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		<item>
		<title>US new home sales plunge in May, recover in June</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/09/14/us-new-home-sales-plunge-in-may-recover-in-june/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/09/14/us-new-home-sales-plunge-in-may-recover-in-june/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 21:27:48 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[US New Home Sales]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1437</guid>
		<description><![CDATA[Builders suffered some major whiplash earlier this summer when the first-time homebuyer tax credit ended.  We all knew that sales would fall off from the scurrying to buy last fall and earlier this spring, but no one expected new home sales to fall off a cliff.   Luckily for builders, sales were able to recover quickly in June. <a href="http://donschmidtrealestate.wordpress.com/2010/09/14/us-new-home-sales-plunge-in-may-recover-in-june/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1437&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Don</media:title>
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		<item>
		<title>Defaults still hitting million dollar homes in US</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/09/14/defaults-still-hitting-million-dollar-homes-in-us/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/09/14/defaults-still-hitting-million-dollar-homes-in-us/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 21:17:08 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Million Dollar Homes]]></category>
		<category><![CDATA[Notice of Default]]></category>
		<category><![CDATA[Rancho Santa Fe]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1432</guid>
		<description><![CDATA[Another sign that the current distress in the housing market doesn't discriminate, defaults continue to rise in the million dollar market. <a href="http://donschmidtrealestate.wordpress.com/2010/09/14/defaults-still-hitting-million-dollar-homes-in-us/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1432&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<title>Better news for the downtown San Diego condo market?</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/09/14/better-news-for-the-downtown-san-diego-condo-market/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/09/14/better-news-for-the-downtown-san-diego-condo-market/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 21:08:16 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Downtown San Diego]]></category>
		<category><![CDATA[Bosa Electra]]></category>
		<category><![CDATA[Downtown San Diego Condos]]></category>
		<category><![CDATA[Smart Corner]]></category>
		<category><![CDATA[The Mark]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1423</guid>
		<description><![CDATA[Recently, Thor Kamban Biberman of The Daily Transcript reported that the downtown condo market maybe turning a corner saying, "A total of 500 condominium units are being  marketed downtown, 34 escrows closed in April and 4,469 units have been approved for development."  He did point out that there are no units currently under construction. <a href="http://donschmidtrealestate.wordpress.com/2010/09/14/better-news-for-the-downtown-san-diego-condo-market/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1423&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<item>
		<title>Putting your home on the market and making it SHINE</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/09/14/putting-your-home-on-the-market-and-making-it-shine/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/09/14/putting-your-home-on-the-market-and-making-it-shine/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 20:55:53 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Home Staging]]></category>
		<category><![CDATA[Listing]]></category>
		<category><![CDATA[Sellers]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1414</guid>
		<description><![CDATA[Back when the the market was hot (pre-2007), all sellers would do is list their home, and if wasn't about to fall down, more than likely they would get a flood of offers. <a href="http://donschmidtrealestate.wordpress.com/2010/09/14/putting-your-home-on-the-market-and-making-it-shine/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1414&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<item>
		<title>Changes in FHA premiums not good news for borrowers</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/09/14/changes-in-fha-premiums-not-good-news-for-borrowers/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/09/14/changes-in-fha-premiums-not-good-news-for-borrowers/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 20:47:14 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[FHA]]></category>
		<category><![CDATA[FHA monthly mortgage insurance premium]]></category>
		<category><![CDATA[FHA Upfront Mortgage Insurance Premium]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1420</guid>
		<description><![CDATA[I've always considered FHA loans great for people who are responsible with their money and who want to make the jump from renting to a modest home they can afford.  Unfortunately, FHA loans were almost entirely abandoned in the early and mid-2000's when the subprime bubble was occuring.  <a href="http://donschmidtrealestate.wordpress.com/2010/09/14/changes-in-fha-premiums-not-good-news-for-borrowers/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1420&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<item>
		<title>California&#8217;s median price continues to rise</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/07/15/california-median-price-continue-to-rise/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/07/15/california-median-price-continue-to-rise/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 20:44:39 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Califonia Housing Prices]]></category>
		<category><![CDATA[California Home Sales]]></category>
		<category><![CDATA[California Home Prices]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1373</guid>
		<description><![CDATA[Good news for prices in California for the month of May, as prices rose 20.9 percent from May 2009, as reported recently from Jacob Adelman of the Associated Press.  The median price for California in May stood at $278,000. <a href="http://donschmidtrealestate.wordpress.com/2010/07/15/california-median-price-continue-to-rise/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1373&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<item>
		<title>San Diego County foreclosures filings drop again</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/07/15/san-diego-county-foreclosures-filings-drop-again/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/07/15/san-diego-county-foreclosures-filings-drop-again/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 20:40:38 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Foreclosures/REO&#039;s]]></category>
		<category><![CDATA[Notice of Default]]></category>
		<category><![CDATA[USD Index of Leading Economic Indicators]]></category>
		<category><![CDATA[Alan Gin]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1328</guid>
		<description><![CDATA[Foreclosure filings in San Diego County continued their drop in May, this time by a whopping 21% (year over year), according to Jen Lebron Kuhney of The Daily Transcript.  Kuhney points out that "Foreclosures had been on the rise for three months straight before May." <a href="http://donschmidtrealestate.wordpress.com/2010/07/15/san-diego-county-foreclosures-filings-drop-again/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1328&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<title>The California homebuyer tax credit is about to make an exit</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/07/15/the-california-homebuyer-tax-credit-is-about-to-make-an-exit/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/07/15/the-california-homebuyer-tax-credit-is-about-to-make-an-exit/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 20:36:12 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[California Homebuyer Tax Credit]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1370</guid>
		<description><![CDATA[It hasn't been in the news much, but since May 1 California has been offering a second round of its own homebuyer tax credit.  Roger Showley of the U-T recently contacted state spokeswoman Brenda Voet, who said that there have been approximately 3,000 applicants per week.  She had projected that the $100 million said aside for the tax credit would be gone by July 1.  As of this writing, it is still available. <a href="http://donschmidtrealestate.wordpress.com/2010/07/15/the-california-homebuyer-tax-credit-is-about-to-make-an-exit/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1370&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<title>Even as foreclosures continue to fall, analysts are still worried</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/07/15/even-as-foreclosures-continue-to-fall-analysts-are-still-worried/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/07/15/even-as-foreclosures-continue-to-fall-analysts-are-still-worried/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 20:33:14 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Foreclosures/REO&#039;s]]></category>
		<category><![CDATA[Short Sales]]></category>
		<category><![CDATA[Foreclosures]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1368</guid>
		<description><![CDATA[We've alread reviewed the default/disclosure April numbers for San Diego County, but there are addtional voices of concern about the future of local foreclosures.  Roger Showley of the Union-Tribune spoke with analyst Andrew LaPage of MDA Dataquick recently for some thoughts on the April numbers.  LaPage commented, "We've been talking for a year now how a growing amount of distress will be handled outside the formal disclosure process mainly through short sales (homes sold for less than the mortgage balance) and to some extent loan modifications and other methods."   <a href="http://donschmidtrealestate.wordpress.com/2010/07/15/even-as-foreclosures-continue-to-fall-analysts-are-still-worried/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1368&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Don</media:title>
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		<item>
		<title>HUD putting the hammer down on the use of builder&#8217;s affiliated lenders</title>
		<link>http://donschmidtrealestate.wordpress.com/2010/07/15/hud-putting-the-hammer-down-on-the-use-of-builders-affiliated-lenders/</link>
		<comments>http://donschmidtrealestate.wordpress.com/2010/07/15/hud-putting-the-hammer-down-on-the-use-of-builders-affiliated-lenders/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 20:27:29 +0000</pubDate>
		<dc:creator>Don</dc:creator>
				<category><![CDATA[Builders]]></category>
		<category><![CDATA[HUD]]></category>
		<category><![CDATA[National Association of Builders]]></category>
		<category><![CDATA[Real Esate Settlement Procedures Act]]></category>
		<category><![CDATA[National Assocation of Home Builders]]></category>
		<category><![CDATA[Real Estate Settlement Procedures Act]]></category>

		<guid isPermaLink="false">http://donschmidtrealestate.wordpress.com/?p=1363</guid>
		<description><![CDATA[For years, US builders have offered customer incentives as upgrades, discounts, closing costs, rebates, etc. with the stipulation that the customer uses the builder's affiliated mortgage lender.  Kenneth Harney of The Washington Post wrote about this a few weeks ago, correctly stating that, "....in the real estate business, this is known as 'required use'.  Under the Real Estate Procendures Act, consumers cannot be complled to use the services of affiliates of realty firms, title companies, builders and other participants." <a href="http://donschmidtrealestate.wordpress.com/2010/07/15/hud-putting-the-hammer-down-on-the-use-of-builders-affiliated-lenders/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=donschmidtrealestate.wordpress.com&amp;blog=5507381&amp;post=1363&amp;subd=donschmidtrealestate&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Don</media:title>
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