The Roaring 20’s – Centennial
After a century of ups and downs, the “Roaring 20’s” are perhaps taking shape all over again. Prior to the Corona Virus placing a temporary stronghold on our world’s economy, the United States’ economy was in overdrive. More Americans were making more money than ever before. The U.S. was setting a remarkable new benchmark for […]
San Diego Communities Where Home Prices Are Going Up Fastest
Lower cost communities were among the ZIPs that saw the biggest home price increases in the first half of 2019 Even with home price increases slowing considerably in the first six months of 2019, there are a few communities that are seeing double digit price gains. Most of the biggest gains were in relatively low […]
Should you Buy or Rent? 5 Questions to ask.
Is it better to buy or rent a home? It won’t surprise you to hear that we believe home ownership is a good long-term investment for your lifestyle and financial well-being. But each person’s situation is unique. So we have put together a few key questions to ask yourself before you decide whether to step into […]
Good News for Real Estate! – Tax Reform headed to the President
Lawmakers in the House and Senate passed tax reform legislation today, paving the way for the bill to go to President Donald Trump for his signature. The President has said he intends to sign the bill by Christmas. NAR worked with members of the House-Senate conference committee to help educate them on how to improve the […]
HOME BUYING: Ready to Make Your Move
Buying a home can be incredibly stressful and at the same time very exciting. It’s on the short list of life’s most important decisions, so it’s not one to be taken lightly. If you do your homework and align yourself with a trusted advisor, the home-buying process can be very rewarding. Here are a few […]
How much can you make on the sale of a San Diego house?
The typical San Diego County home seller made $125,000 on the sale of their home last year. But the payout, during a time of increasing prices throughout the nation, was a lower percentage than more than a dozen major metros. In general, it paid off to hold on to a home for at least eight […]
National Home Prices Increased 7% Year Over Year in February 2017
• Home prices forecast to rise 4.7 percent over the next year. • Prices in 27 states have risen above the pre-crisis peaks. • Adjusting for inflation, home prices are still 19.3 percent below their peak. National home prices increased 7% year over year in February 2017, according to the latest Home Price Index (HPI) […]
Rising Mortgage Rates Not Stopping Borrowers
The monthly mortgage cost of a San Diego County Home has gone up $177 since the election, but that hasn’t stopped people from wanting to buy. Applications were up 12% in November compared to the same time last year, the Mortgage Bankers Association reported. But, that was down 3% from October. So are people concerned […]
Collateral Issues Are Third Most-Likely Cause of Mortgage Loan Denial
About 10-13 Percent of Appraisals are Below Pre-Closing Contract Price According to newly released 2015 Home Mortgage Disclosure Act (HMDA) data, collateral was the third most-frequently cited reason for denials of mortgage loan applications, or 13.7 percent on first-lien purchase mortgages for one-to-four family, owner-occupied homes – trailing distantly behind denials citing applicant’s debt-to-income ratio […]
National Home Prices Increased 6.3 Percent Year Over Year in September 2016
Home prices forecast to rise 5.2 percent over the next year. The highest appreciation was in the West, with Oregon and Washington growing by double digits in September. After adjusting for inflation, home prices are still 19.1 percent below their peak. National home prices increased 6.3 percent year over year in September 2016. While the […]
