Posted in the For Buyers Category
Tax Reform: How the New Tax Law Affects Home Ownership
February 19th, 2019 by Karen
Tax season is upon us and to make it even more interesting this year, the tax code has changed along with some of the rules that affect home ownership. Key Factors that Affect Home Ownership Standard Deduction The standard deduction has nearly doubled. Many people will get a bigger deduction by taking the standard deduction rather... Read More
2019 Real Estate Market Forecast
December 17th, 2018 by Karen
Posted in: For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate News, San Diego Market Updates
Where are home prices and mortgage rates headed in 2019? Where are home prices headed in 2019? Some people are concerned that we are on the verge of depreciation. However, out of 105 projections by economists, market analysts and real estate experts, 104 say prices are going to continue to appreciate going into 2019 and... Read More
How Long Do Most People Live in a House Before Selling?
December 11th, 2018 by Karen
That depends on where you live. San Diego is drastically different than the national average when it comes to how long people live in their house before selling. The national average increased from 6 years to 10 years living in a home The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of... Read More
VA Home Loans by the Numbers
November 12th, 2018 by Karen
Posted in: For Buyers
Some Highlights: The VA Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in... Read More
What’s Going On With Home Prices in San Diego?
October 21st, 2018 by Karen
Reports are showing that the real estate market is slowing down but how does the San Diego real estate market compare? National Home Prices up 5.5% from August 2017 According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home... Read More
Where are Mortgage Interest Rates Headed in 2019?
October 4th, 2018 by Karen
Mortgage Interest Rates Continue to Rise The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a... Read More
Service Animals, Medical Marijuana and Other Fair Housing Issues
September 18th, 2018 by Karen
What do service animals and medical marijuana have to do with fair housing? Fair housing laws were designed to prevent landlords and property owners from denying people access to housing, but these laws are constantly evolving. Read about these common fair housing issues and how to avoid them. What is the Fair Housing Act? The... Read More
Buyers Searching Longer To Find Homes
August 30th, 2018 by Karen
Housing Trends Report – Understand Buyers and Buying Trends The National Association of Home Builders (NAHB) generates a quarterly Housing Trends Report to measure home buyers’ perceptions about the availability and affordability of homes for sale in their markets. The 2nd Quarter 2018 results showed some interesting results in understanding home buyers and buying trends.... Read More
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
August 24th, 2018 by Karen
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in... Read More
Mortgage Rates Dipped Last Week, Could Provide Help for Home Sales
August 15th, 2018 by Karen
Mortgage rates dipped last week Mortgage rates have been steadily climbing for some time, but finally saw a modest dip last week. If they stay stable for a bit or drop even lower, it could provide some welcome support to home sales. The average 30 year fixed rate reversed course and dropped half a point... Read More