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...]
Making the Rounds
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...]
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