Higher Inventory a Welcome Sign for Spring Buyers
The spring home buying season is off to a stronger start than at this time last year, with modest price increases and a spike in inventory, according to realtor.com’s National Housing Trend Report for March. The number of properties for sale on realtor.com® in March rose 9.5% above March 2013 levels, to 1,841,844 units, according […]
Should you sell? 5 Crucial Considerations
If you’ve been paying attention to the news, you’ve undoubtedly seen headlines stating that real estate prices are on the rise, and in most markets, housing has begun to bounce back. In a selected few metros, like Los Angeles, San Francisco, and New York City, the housing market isn’t just bouncing back – it’s […]
Freshen Up On The 7 Financial Benefits of Home Ownership This Tax Season
The financial benefits of homeownership are evident year round, but particularly around tax time – they seem to jump off the page. Let’s examine how homeownership makes “cents” – from the tax benefits, to good old fashioned financial stability. 1. Homeownership Builds Wealth Over Time We were always taught growing up that owning a home is […]
Here’s How Much Real Estate $1 Million Buys You in Every Major U.S. City
“So, just how many houses could we get in Detroit for this?” Photo by Justin Sullivan/Getty Images This post originally appeared in Business Insider. How much housing you can buy with a million dollars very much depends on what city you are looking to buy in. According to Knight Frank data cited by CNBC’s Robert Frank, a million dollars goes a lot […]
4 million renters want to buy. Can they?
Paul Bradbury | OJO Images | Getty Images As the housing market moves slowly into recovery, more and more Americans are gaining confidence and hoping to jump into home ownership. The home ownership rate has been dropping steadily since its high of 69.2 percent in 2004 to now just 65 percent. Millions lost their […]
SD luxury home values rise in 4Q
Luxury home values increased in San Diego in the fourth quarter of 2013 compared to a year ago, according to the First Republic Prestige Home Index by First Republic Bank. San Diego area values gained 16.6 percent in the fourth quarter year-over-year and 1.3 percent from the third quarter of 2013. The average luxury […]
$1M home sales at 6-year high
By Jonathan Horn11:41 A.M.JAN. 30, 2014 9736 La Jolla Farms Road, La Jolla, sold for $18.5 million in 2013. Photo by Cameron Acker. San Diego County homebuyers last year purchased the most $1 million-plus properties since 2007. In 2013, 3,519 properties worth $1 million or more sold in the county, a 48.7 percent jump from […]
Del Mar Preparing For Dual Racing Seasons in 2014!!!
With all approvals ensured and long-range projections starting to come into clear focus, Del Mar Thoroughbred Club has begun to move forward toward a two-meet racing season in 2014 – the initial session being its usual summer stand, the second a shorter run covering the month of November. Near the conclusion of 2013, […]
Home Resellers More Optimistic!
Published by the San Diego Daily Transcript. Home resellers are more optimistic about repurchasing a home than in the past few years, thanks to strong growth in home prices, record-low interest rates and better personal financial situations, according to the California Association of Realtors’ (CAR) “2013 California Home Sellers Survey.” More than two-thirds (69 percent) […]
Far Fewer Mortgage Borrowers “Deeply Under”
Far fewer mortgage borrowers ‘deeply underwater’ By Les Christie @CNNMoney January 9, 2014: 7:13 AM ET Las Vegas still has more homeowners deeply underwater than any other city, leading to a lot of foreclosures. NEW YORK (CNNMoney) A growing number of mortgage borrowers are keeping their heads above water, according to a report from RealtyTrac. The company […]