National Real Estate News

Keeping an eye on the National Real Estate scene is a great way to get the “big picture” view of where Real Estate market is headed.

On average, over 14,767 homes sell every day. Was yours one of them?

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly. After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767! That [...]

Don’t Get Caught in the Rental Trap!

One of our favorite benefits of homeownership is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack [...]

Rents going UP! (and quickly!)

Rents are going up all over the US and at a pretty fast rate.  The infographic above makes the point quickly but it's important to realize that we rents in San Diego are higher and are increasing at a faster rate than in most areas of the US. The Union-Tribune recently reported on some research done [...]

WOW! New Home Sales Up 25.4% Last Month!

According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years. Trulia’s Chief Economist, Ralph McLaughlin had this to say: “New home sales jumped sharply in June, and marked the best month [...]

3 Questions Every Buyer Should Ask Themselves

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions will help [...]

People! You don’t need an 800 FICO to get a mortgage!

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe [...]

Half of America wants to buy a home in the next 5 years!

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also [...]

3 Charts that SCREAM “Sell your home NOW!”

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower [...]

Thinking of Buying A Home? What Are You Waiting For?

With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 [...]

“Housing is overrated as a financial investment…”

I read an "interesting" article on MarketWatch.com.  According to Alex Tabarrok, an economics professor at George Mason University, housing is an "overrated investment". Read the article if you like to see if you agree but I find it strange and (more than a little) dangerous of a message.  Especially when we are now seeing a deepening [...]

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