San Diego Real Estate Blog

The Scoop - May 2013 San Diego Housing Market Update

Mon, 13 May 2013 00:00:00 GMT

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!

Homeowner vs. Renter Regrets

Mon, 06 May 2013 00:00:00 GMT

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.

Click here to read the full Trulia consumer survey

2013 Real Estate Market: Buyers in a Rush; Sellers, Not So Much

Thu, 02 May 2013 00:00:00 GMT

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.

Click here for the complete Trulia consumer survey article

Taking the Plunge...Into Home Ownership

Mon, 29 Apr 2013 00:00:00 GMT

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.”

Survey Trends: Love, Marriage and Homebuying

New Homes for Newlyweds: More than one in three married homeowners (35 percent) purchased their first home together by their second wedding anniversary.
Cold Feet? Not These Couples: 17 percent of all married couples surveyed purchased a home together before their wedding day.
Millennials are Less Likely to Wait Until Marriage: 24 percent of married homeowners ages 18 to 34 bought a home together before they were married, compared to 14 percent of those ages 45 and older.
Southerners Take Their Time: 72 percent of married Americans in the South waited until after they were married to purchase a home, compared to 60 percent of Americans in the Northeast.
To Have and to Hold … and to Own: Only 16 percent of married U.S. adults have not purchased a home together with their current spouse.

Avoid DIY Disasters

Mon, 22 Apr 2013 00:00:00 GMT

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.

March 2013 California Home Prices Highest Up

Fri, 19 Apr 2013 00:00:00 GMT

Southern California's median home price rose 8% in March from February and increased 23.4% year-over-year.

Calif. median home price: March 2013: $378,960 (Source: C.A.R.)

Calif. highest median home price by region/county March 2013: Marin, $888,890 (Source: C.A.R.)

Calif. lowest median home price by region/county March 2013: Siskiyou County, $123,330 (Source: C.A.R.)

Calif. Pending Home Sales Index: February 2013: 110.2 , up 8.7 percent from January's 101.4.

"Boomerang Buyers" Making a Comeback

Mon, 15 Apr 2013 00:00:00 GMT

"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:

Seven years for a government-backed Fannie Mae or Freddie Mac loan.
Three years for a Federal Housing Administration (FHA) loan.
One to two years for a FHA loan if there were extenuating circumstances (such as illness or death of a wage earner).

Short sale:

Seven years for Fannie Mae or Freddie Mac with less than 10 percent down.
Four years for Fannie Mae or Freddie Mac with 10 percent down.
Two years for Fannie Mae or Freddie Mac with 20 percent down.
Three years for an FHA loan.

Deed in lieu of foreclosure:

Seven years for Fannie Mae or Freddie Mac with less than 10 percent down.
Four years for Fannie Mae or Freddie Mac with 10 percent down.
Two years for Fannie Mae or Freddie Mac with 20 percent down
Three years for FHA.
One to two years for FHA loan with extenuating circumstances.

Source: RISMedia

The Scoop - April 2013 San Diego Housing Market Update

Thu, 11 Apr 2013 00:00:00 GMT

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!

California's Improving Real Estate Markets

Tue, 09 Apr 2013 00:00:00 GMT

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Property Taxes Due April 10!

Thu, 04 Apr 2013 00:00:00 GMT

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.

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Save Big On Your Mortgage

Mon, 01 Apr 2013 00:00:00 GMT

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The Scoop - March 2013 San Diego Housing Market Update

Mon, 25 Mar 2013 00:00:00 GMT

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!

Ways to Boost Your Credit Score

Tue, 19 Mar 2013 00:00:00 GMT

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Top 10 Remodeling Projects For Your Home

Thu, 14 Mar 2013 00:00:00 GMT

Source: www.car.org

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California's Most Affordable Counties

Mon, 11 Mar 2013 00:00:00 GMT

Although San Diego County was not included in this study, it shows an interesting view of the most affordable parts of California.

Source: www.car.org

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Don't Make These Top 10 Buyer Mistakes!

Thu, 07 Mar 2013 00:00:00 GMT

The best way to avoid making these types of mistakes when purchasing a home is to have a qualified Realtor help you every step of the way! Want help with your next home purchase? Contact us to get started!

Source: www.car.org

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Pantone Color Institute Spring 2013 Fashion & Home Decor Color Palette

Thu, 28 Feb 2013 00:00:00 GMT

Are you excited about redecorating your favorite room, or perhaps preparing your home to be listed for sale? Pantone sets the official colors for fashion+home for each season, and many designers look to these color sets for producing everything from the spring runway fashions to clothing and home fabrics to everything we will see in the home decor stores.

The color set above is the official Pantone Spring 2013 Report. Watch the video below to hear the Pantone Color Institute's executive director Leatrice Eiseman discuss how to best use the spring color palette.

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10 Best Markets for Home Sellers - San Diego #2 Nationwide!

Mon, 25 Feb 2013 00:00:00 GMT

ZipRealty reports that in much of the US not only are housing prices up, but for the average US home the gap between listing price and closing price is narrowing with sellers being able to get 98% of the listing price back.

In addition, the median number of days a home is on the market is falling to 44 days nationwide in 2012, a 23% decline from 2011.

"A limited inventor of homes on the market, combined with the extremely low cost of mortgage financing, has resulted in homes selling above asking price in many western markets, boosting the average listing to close price ratio," says Lanny Baker, ZipRealty's CEO and president.

ZipRealty has identified the following 10 best housing markets for sellers, based on the list-to-close price ratios:

San Francisco (102.5)
San Diego (101.3)
Sacramento, Calif. (100.9)
Las Vegas (100.7)
Los Angeles (100)
Orange County, Calif. (100)
Denver (99.8)
Tucscon, Ariz. (99.3)
Portland (98.9)
Seattle (98.3)

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The Scoop - February 2013 San Diego Housing Market Update

Tue, 19 Feb 2013 00:00:00 GMT

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!

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Interests Rates At All Time Low...Don't Wait Too Long to Buy!

Thu, 14 Feb 2013 00:00:00 GMT

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