Good news for homebuyers—even amid the housing crisis affecting the entire west coast, new homes are being built at an increasing rate in San Diego County. The data from the Real Estate Research Council of Southern California is in for the first half of this year. In all, the council reports that 6,953 residential permits were issued across this … [Read more...]
San Diego Home Sales Dropped in June
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.So, what do the low sales for the county mean, … [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 JMJ Financial, 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...]
5 Steps to Quickly Make Your New House Feel Like Home
It always takes a while for a new house to feel like home after moving in. It’s empty, impersonal and cluttered with moving boxes. You have to get used to a new layout and a new view outside your window. But, with some simple planning and designing, your new space can feel more like the familiar and comforting place you want to come home to … [Read more...]
Home Prices in San Diego Rising While Unemployment Rates Remain Low
Whether you are looking for a home to buy in San Diego or you are selling, you are almost certainly acutely aware of the housing crisis which has swept the West Coast. This is not a buyer’s market; with a shortage of housing units available, many continue to struggle to find affordable rents and mortgages.While that imposes a challenge on … [Read more...]
Unemployment Numbers Hit a New Low in San Diego
Great news for the real estate market and the economy as a whole: San Diego’s unemployment figures are continuing to fall. Within the past 12 months (as of the end of April), 32,100 jobs were created throughout the county.From March to April alone this year, the unemployment rate dropped from 3.2% to 2.9%. After seasonal adjustments are made, … [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...]
Construction of New Housing in San Diego Slowed Last Year
If you are trying to buy or sell a home in San Diego, you are probably well aware that the city—not to mention the state as a whole—is facing a severe housing shortage. With unemployment rates lower than they were a few years ago, more people in the area are looking to purchase real estate, but there are not enough houses and apartments to meet … [Read more...]