According to June data just released by analytic firm CoreLogic, home sales in San Diego hit a four-year low with just 3,927 sales totals. Nonetheless, factors which generally push home sales remained solid. Wages have gone up, unemployment has remained low, and jobs have been added to the economy. Buy a Home in San Diego, CA So, what do the … [Read more...]
San Diego Home Prices Are Still on the Rise
The latest S&P CoreLogic Case-Shiller Index reveals that from April 2017 to April 2018, home prices throughout San Diego County increased an average of 7.8%. This is great news both for sellers and for buyers looking to invest. In all, the Index included data for 20 cities. Housing prices are increasing across the country, with the average … [Read more...]
Listen to Maureen Martin on Common Sense with Eran Sinai
If you follow along with Maureen Martin’s blog here at HomePlus Mortgage, you know that we have a seller’s market in San Diego right now. With construction slowing down, unemployment figures low, and high demand for affordable housing, sellers are able to command steep prices. While this puts sellers in a great position, it can be a complicated … [Read more...]
Sound of Spring in San Diego County
Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market. Prices surged 7 percent higher in March compared with a year ago, according to CoreLogic. That’s the biggest gain since May 2014. High Prices and Low Inventory Housing … [Read more...]
Millennial Slowdown
Homeownership was crawling slowly back from its record low two years ago, but it just stalled, and the youngest homebuyers are behind that. Millennials had been driving the nation’s overall homeownership rate, showing the biggest gains throughout 2017, but they dropped back in the first quarter of this year. Homeownership Roadblocks for … [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 HomePlus Mortgage stand out from the … [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...]
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...]
