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...]
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...]
San Diego Home Lender Testimonials
Stephanie Nisan - Realtor Maureen and I were actually introduced through a mutual friend over our love of dog rescue. I run a non-profit call The Animal Pad and an all breed animal dog rescue and Maureen became our volunteer director. Professionally, I am not a big fan of lenders and I decided, okay, I’ll give Maureen a shot and took one … [Read more...]
Lunch N Learn Radio Interview
Eran Sinai: Happy Wednesday everyone! Eran Sinai here; Consumer Guardian Law, Lunch N Learn Radio. You can listen to us. You should be listening to us, especially today. ESPN 1700 a.m. or watch us live, and you do wanna watch us today. I’m telling you, lunchNlearnradio.com. I have here two great people, good old friend, I mean she is … [Read more...]
Housing Market Improvement
Positive Growth of Home Prices in August The steadily rising pace of home prices in August since the same time last year is a sure sign that the housing market is improving, in spite of an overall slowdown in our economy. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.1% in the 12 months ending in August, according to … [Read more...]
Return of the First-Time Home Buyers in San Diego
The National Association of Realtors® (NAR) announced that during the month of May sales of existing homes were at their highest rate in six years. This was on the heels of outstanding residential construction reports. Pushing 5.1 percent higher in April sales of single-family homes, condos and townhomes slide in at a seasonally adjusted annual … [Read more...]
Home Sales Increasing in San Diego as Rates Stay Low
The Housing Market Is Breaking Records In the most recent report from the National Association of Home Builders, existing home sales skyrocketed in April to their highest annual levels since October 2013. This surge has been fuelled by pent up demand, as well as sustained job growth and a long stretch of low mortgage interest rates. The growth in … [Read more...]
Home Sales Are Rebounding in San Diego
Interest Rates Are Low With 30-year fixed interest rates averaging the lowest we've seen in months, many homeowners are wondering if now is the time to refinance. And while personal situations may dictate whether refinancing at these low rates is a good decision, there are some other factor to examine as well. And that’s only existing single family … [Read more...]
Prices on a Downward Trajectory
Home price appreciation is slowing across many top metros in the nation. In fact, according to the S&P Case-Shiller Price Index, the drop to 4.8 from 5.5 is the first month-over-month decrease since November 2013.This drop in appreciation isn’t just across the U.S... it’s also affecting many areas of Southern California. From September to October, … [Read more...]