Friday, June 14th, 2013 at 12:01pm. 42 Views, 0 Comments.
National Housing Market Charging Ahead at Full Speed
During the first quarter of the year, the real estate market showed huge growth across the United States. The S&P/Price-Schiller index, a measure of the nation’s residential real estate markets, rose 10.2% during this time – its fourth quarter of gains in a row, as well as the biggest increase seen since 2006. Other major markets in the country are following in Southern California’s footsteps and seeing record-low levels of inventory, as well as high buyer demand.
In the United States, the inventory level is currently around 2.16 million properties – a number that is down 13.6% from just a year earlier. Part of the reason for this widespread lack of properties available to buyers is from the fact…
Encinitas City Council’s Resolution to Nullify the Four-Fifths Exception in a Win for Prop A Proponents
Wednesday, June 12th, 2013 at 5:45pm. 29 Views, 0 Comments.
In Encinitas, Prop A, also known as the Right to Vote initiative, is back in local news again thanks to a recent decision made by the city council. For proponents of Prop A, the city council’s ruling to nullify the four-fifths exception is seen as a major victory. Previously, the four-fifths exception allowed councilmembers to overrule zoning height or density regulations with the affirmative vote of four out of five members.
Eliminating this exception may be a win for Prop A, but it is not the end of the story – Prop A is going to a special public vote on June 18th in order to solidify the development-regulating plan into the city’s law books. For the past year, local residents have heard a number of arguments from both sides of this proposition. With…
Wednesday, June 5th, 2013 at 11:19pm. 33 Views, 0 Comments.
Recently, Gmail launched the new Hangouts and when logged into Gmail, a pop up asked to upgrade Chat to the new Google Hangout and upon agreeing to do so, the new Hangouts replaced the old Chat panel. This was great except there was an error message that said that the Hangouts could not connect to the server and to check back later. Below are the steps we use to revert back to the old Chat panel, but first, we have a bone to pick with Google.
Now that we no longer had Chat, this was posing a big problem and so we started searching for a way to revert back to the old Chat by posting a question in the Google Product Forms and also submitting a ticket to support in the Chrome browser settings, for which we received never received a response. On the first…
Friday, May 31st, 2013 at 2:57pm. 75 Views, 0 Comments.
We’ve already seen once change to loans from the Federal Housing Administration (FHA) this year, and we’re preparing for another on June 3rd. The month of April brought new, more expensive Mortgage Insurance Premiums to homebuyers seeking FHA loans. Now, borrowers in the San Diego real estate market and across the nation are about to find new changes in place to the length of time that they are required to make MIP payments, and anyone who has had experience with an FHA loan in the past will notice some big differences on the horizon.
Current FHA Rules
Currently, MIP is required on all FHA loans with a loan-to-value (LTV) greater than 78% of the most recent valuation of the property. That means, if you borrow more than 78% of the home’s value (or if…
Tuesday, May 28th, 2013 at 1:56pm. 150 Views, 1 Comments.
There is no doubt about it – the San Diego real estate market is the strongest it has been in many years. Even the National Association of Realtors agrees. In a recently released report, they cited San Diego as one of the top four hottest markets in the nation. Competition between buyers has been intense, and the most prominent reason for that is the lack of available San Diego homes for sale on the market.
Since the middle of 2011, the average number of homes listed at any given time had been steadily decreasing from over 10,000 until reaching the current low in January of this year of 3,938. Over the past few months, the average has slowly begun creeping up. What does this mean for the future of the San Diego real estate market?
Saturday, May 25th, 2013 at 9:07am. 63 Views, 0 Comments.
After spending three years living in her Montecito estate, Drew Barrymore has recently listed the 6 bedroom, 7.5 bathroom home for sale. Barrymore must see the strength of the current seller’s market because she has listed her home at $7.5 million – nearly $2 million more than she paid for the two-acre mansion in June 2010.
Not only has Drew Barrymore called this Montecito property home for the past three years, but she also married her husband, Will Kopelman, on the estate’s exquisitely landscaped lawn in July 2012. The happily married couple has been living there since then, along with their daughter, Olive, who born last September.
Their home, a 6,258 square feet masterpiece, was constructed in 1937 and still retains much of the classic charm it…
Tuesday, May 21st, 2013 at 1:17pm. 56 Views, 0 Comments.
For homeowners in Carlsbad, the recent recovery in the real estate market is providing many people with the opportunity to sell their homes when they had not been able to in recent years due to poor market conditions. With a strong seller’s advantage having risen up from the lack of available properties on the market, Carlsbad real estate has seen exciting boosts in four different areas.
Carlsbad Real Estate Values are Rising
All over the city, real estate prices are rising. During the first few months of this year, the average price of a sold home in Carlsbad was nearly $690,000. Last year, at the same point in the year, the average home price was less than $635,000. Citywide, this is over 8% growth in just a one year period of time.
Wednesday, May 15th, 2013 at 4:50am. 188 Views, 0 Comments.
Nationwide, Real Estate Markets are Growing Despite Being Hindered by Low Inventory
Across the country, real estate markets are continuing to see growth, even in many areas that had still been struggling to recover from the economic crisis. Recent data released by the National Association of Realtors shows that the median price of single-family homes rose in nearly 90% of the country’s metropolitan areas during the first quarter of 2013. Thanks to the rising prices, these areas showed the highest year-over-year gains since 2006.
Another prominent sign of stability and growth in the nation’s real estate market as a whole is the shrinking number of distressed properties available. The NAR report shows that distressed properties such as short sales and…
Monday, May 13th, 2013 at 2:37pm. 122 Views, 0 Comments.
Over the past year we’ve seen steady increases in real estate markets all over San Diego. In recent months, these gains have been growing at a much more rapid pace, especially in coastal communities such as Encinitas. Right now, the market’s inventory of available homes for sale is smaller than it has been in recent history, and that is driving up prices. Buyers are competing heavily with each other for quality homes, and recent data released by the San Diego Association of Realtors shows how homeowners in Encinitas are starting to see big gains in value.
More Encinitas Real Estate is Selling Much Faster
In March, the SDAR reports 44 homes selling through Realtors within Encinitas. This data is up over 20% from the same month in 2012. Despite the fact…
Tuesday, May 7th, 2013 at 3:59pm. 87 Views, 1 Comments.
With demand for San Diego real estate surging in recent months, very few areas of the city have been spared from the throngs of buyers jumping on available properties. Cardiff by the Sea homes for sale are no exception. According to the San Diego Association of Realtors, year-to-date prices on single-family homes in the city are up nearly 17% over the same time last year.
With Cardiff by the Sea real estate in high demand, many homeowners in the city are realizing that the current seller’s market is providing the ideal time to sell. Homebuyers are flocking to Cardiff thanks to a number of unique qualities the city possesses. A few of the top reasons that people are choosing Cardiff over other local beachfront towns are:
To Live a Relaxed Lifestyle…