If you’re hoping to make a fortune on the sale of your home, prepare to lose about $20,000 in last minute expenses. A study from Zillow, a real estate website, showed that the average homeowner spends $18,342 in additional costs associated with selling a home. Gearing Up For Spring As sellers gear up for the lurking competition of spring in a … [Read more...]
Real Estate Investing in San Diego is on an Upswing
Lately, the real estate market in San Diego has been booming—and now we have yet another new indication of the health of that market. The firm CBRE has just released its annual report on real estate investments and has placed San Diego high on its list of desirable places. On last year's survey, San Diego was ranked 17th. In this year's survey, … [Read more...]
Meet Maureen Martin In a Special Interview in SD Voyager
Maureen Martin is pleased to announce that she has been featured in an article in SD Voyager. If you have been hoping to learn more about Maureen, now is your chance. In the interview, Maureen talks about how she became interested in pursuing a career in real estate, and what she does to make JMJ Financial stand out from the crowd. Maureen … [Read more...]
Slippery Spring
U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market. Uphill Battle for First Time Buyers The drive home is an uphill battle these days, especially for first-time homeowners who are … [Read more...]
Looking for New Housing? Consider Santee
If you have been following along with real estate news in San Diego, you are well aware that there is a severe housing shortage right now. While many factors have contributed to that dearth, one of them is a simple lack of open land for building. San Diego and North County are already densely packed with houses, apartments, stores, and office … [Read more...]
Hammers and Nails
Buyer traffic is likely increasing so much because of the severe shortage of existing homes for sale. Realtors are reporting the lowest supply on record and are not expecting the situation to improve anytime soon. While housing starts did rise steadily throughout 2017, they did so very moderately and are still not close to historically normal … [Read more...]
San Diego County Creates $25 Million Trust Fund for Affordable Housing
Several months ago, I posted about the California housing crisis. The demand for housing throughout the state has been increasing rapidly, but construction is not keeping up. As a result, prices are skyrocketing, and many people are unable to find affordable housing in metropolitan areas like San Diego. To add to the difficulties, there are … [Read more...]
Spring Buying Season is Sweet and Sour
The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them. The result is likely to be swiftly rising prices at the low end and challenges for first-time buyers, and sluggish price increases and lingering … [Read more...]
The California Housing Crisis
The backlash comes as California’s lack of housing supply is becoming a crisis. A postwar building boom gave birth to a labyrinth of freeways and sprawling suburbs, and between 1980 and 2010, coastal metro areas in California added new housing units at about half the rate of the typical U.S. metro area. Our golden state of California seems to be … [Read more...]
2017: The Focus Ahead
Some shocking numbers have just come in. It has been reported that total housing inventory dropped 10.8% in December to 1.65 million existing homes available for sale, the lowest level since the National Association of Relators (NAR) began tracking housing supply in 1999. Inventory decreased 6.3% from last year and has fallen for 19 consecutive … [Read more...]