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.
The spring and summer months have always been known as a very popular time for homebuyers to start the search for their dream home. This year is no different! We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory [...]
The National Association of Realtors (NAR) recently released their Pending Home Sales Index Report and revealed that it is at its highest level since April 2006. The Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers [...]
A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment [...]
Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing [...]
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up dramatically from the same period last year in almost all of the price ranges they measure! Only those homes priced under $100,000 showed a decline (-10.1%). The decline here isn't surprising considering that most home under 100k are distressed properties and we've been watching [...]
After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas of the country. The quickest and easiest way to show how far we’ve come and how far we still need to go in regards to the [...]
The Federal Reserve Bank of New York recently released the 2015 SCE Housing Survey. The survey revealed that most current renters would prefer owning and that 61.9% of them plan to buy a home within the next five years. 68.3% stated they would prefer owning (with 45.6% saying they ‘strongly’ prefer owning). When asked at [...]
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart). Though we don’t like to project rates moving forward, we do want you and your family to have the information [...]
If you're out looking and writing offers, you probably already know this, but it's going to be a fast paced spring with lots of buyers competing for a comparatively small pool of homes. An article on HousingWire.com speaks to that and shares some interesting data from Realtor.com. They've compiled a list of the 20 hottest [...]
This spring has been interesting for California real estate. The feedback that we're getting from our agents is that we are back in a "multi offer" world and scarce supply of homes for sale is pushing prices even higher. The infographic below illustrates the hotspots across the country. California isn't the only place where buyers are [...]
