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...]
Push and Pull
The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could be pummeled this spring by an increase in competition. As the hottest selling season in housing officially closes in, the typical twists and turns of the market during the … [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...]
Go Small or Go Home
Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic. That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease up anytime soon. With affordability constraints … [Read more...]
San Diego’s Unemployment Rate Drops to a Low for the Year
According to the most recent state labor statistics, the San Diego unemployment rate has dropped to just 3.7%. That is one of the lowest points it has reached over the course of 2017. It also puts San Diego ahead of both the state of California and the US overall when it comes to jobs. The unadjusted jobless rate for the state was measured at … [Read more...]
Self-Driving Cars Could Drive Housing Costs Down
Housing costs in California are high right now, in large part due to the ongoing shortage. Will they stay that way? Maybe not—there have been some hopeful signs for the future. Recently, the county created a $25 million trust fund for affordable housing, and a report from the University of San Diego showed that residential home building is on the … [Read more...]
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