RSJensen Homes Team
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As "The Trusted Voice of San Diego Real Estate," the Greater San Diego Association of REALTOR® presents The Scoop -- monthly housing market update videos including a snapshot of recent sales statistics and trends to help you navigate the market.
Have some questions about what you heard? Contact us with any questions or concerns about the San Diego housing market. We're here to help you!
What Homeowners Regret About their Homes
Among homeowners, the top regret is wishing they had chosen a larger home: 34% of homeowners with regrets — that’s 17% of all homeowners — mentioned this. The second most common regret – 27% of homeowners with regrets — is wishing they had done more remodeling when they bought the home.
What Renters Regret About their Homes
Renters have similar regrets – but are more likely to have them. They, too, wish they had chosen a larger home: 39% of renters with regrets did, making it the second-most common regret. The top regret, though, was wishing they bought instead of rented, which 42% of renters with regrets – and 23% of renters overall – mentioned.
The biggest challenge for home buyers this season is the lack of inventory, which is down 20-25% year-over-year and near its lowest level since before the housing bubble. Our consumer survey shows that people think now is the time to buy, not sell: 75% of respondents agreed with the statement “it would be better to buy a home now than one year from now,” but only 32% of respondents (and just 29% of current homeowners) felt the same way about selling now rather than one year from now.
Should couples wait to purchase a home together until marriage? Times are changing, and a new study from Coldwell Banker Real Estate LLC uncovered that about one in four married couples between the ages of 18 to 34 purchased their first home together before their wedding date, compared to 14 percent of those ages 45 and older.
“When a couple buys their first home, it’s one of the most exciting new experiences they ever will share together,” said Dr. Robi Ludwig, a leading psychotherapist and Coldwell Banker Real Estate LLC lifestyle correspondent. “They not only learn about each other’s wishes and dreams during this process, but they also learn how to be practical with each other and compromise. Buying a home has more of an impact on a couple’s relationship than any other purchase they will ever make. It bonds two people together and makes them a family.”
Inspired by home renovation television shows and websites, homeowners are eager to tackle DIY improvement projects. But before you begin your next DIY project, read the tips below to avoid a DIY disaster. Forward this on to your friends and family who are planning home improvement projects around their homes.
"Boomerang buyers" - people who bounce back from foreclosures or short sales to become homeowners again, are making a come-back with both their credit and new home purchases.
Here's a breakdown of waiting periods for boomerang buyers who lost their homes due to a foreclosure or a related event:
Foreclosure:
Short sale:
Deed in lieu of foreclosure:
Source: RISMedia
As "The Trusted Voice of San Diego Real Estate," the Greater San Diego Association of REALTOR® presents The Scoop -- monthly housing market update videos including a snapshot of recent sales statistics and trends to help you navigate the market.
Have some questions about what you heard? Contact us with any questions or concerns about the San Diego housing market. We're here to help you!
Don't forget that the second installment of property taxes are due April 10, 2013! If you pay after this date you will be delinquent and subject penalty fees.
Displaying blog entries 1-10 of 157
Richard's CA DRE# 01359624 ~ Stephanie's CA DRE# 01423699
