Local Real Estate News

News about our national real estate market is important but for our clients here in San Diego, it’s local news that has the most impact.

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 [...]

Millennials will always rent….yah, right.

There has been quite a bit of press about how Millennials are the first generation to abandon the traditional American aspiration to own their own home.  Several reports and surveys from reputable sources refute that position. Why is this so important? Millennials (as you are likely aware) are the biggest American generation so far and [...]

Seriously, you don’t really believe that your landlord is paying for repairs, right?

A recent article that appeared on Nasdaq.com addressed the issue of whether it is best to buy or rent in today’s real estate environment. The article was very fair in discussing both options. However, there was one portion of the article that we questioned. One of the experts was quoted as saying: “For some people, [...]

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