Median prices increased for both detached and attached residences in San Diego County throughout the first quarter of 2016. At quarter end, detached homes were priced 7% higher and attached homes were priced 4% higher than the previous March. Collectively, both property types increased approximately 3% since the beginning of 2016, and look to continue [...]
Ever heard the phrase Locals Only? Urban dictionary has a pretty awesome take on the phrase (click here). However, I am here to tell you that you MUST keep the Locals Only mantra in mind when digesting real estate news and statistics. National real estate statistics typically dominate headlines for major media outlets and this information is [...]
1. YOU SPEND MORE MONEY ON REAL ESTATE THAN ANYTHING ELSE On average, residents of California spend between 24 and 30 percent of their monthly income on Housing. Transportation comes in at a distant second to real estate, eating up between 13 and 16 percent of annual income (unless you’re an Orange County housewife living [...]
As the events of the last few years in the real estate industry show, people forget about the tremendous responsibility of financing a home at their peril. Here are a few tips for dealing with the dollar signs so that you can take down that “for sale” sign on your new home. Pre-Approval Sub-primes may [...]
Selling your home doesn′t just mean hiring a realtor to stick a sign out front. When preparing to sell, there are a number of steps you should take to ensure you get the best offer possible in the shortest time. Repair Just because you’ve gotten used to the cracks in the walls and the rattles in [...]
Looking to buy a home? Here are five essential tips for buying a home to make the process as smooth as possible. Get Your Finances in Order Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find [...]
Still here? Whewwwwf, thought I might lose a few you. Today’s post covers how to predict short-term rate movements in the mortgage market. Let's start with one simple fact - Correlated to the yield on long-term treasury notes, mortgage rates are highly positive. IMPORTANT: You do not need to know what correlation, yield, or a treasury note [...]