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 … [Read more...]
What’s Behind Declining Affordability in the Golden State?
Even though Orange County residents experienced low home price appreciation from August to September—with a -0.5% drop, affordability is still impacting Southern California. Some of the reasons behind this decrease in purchase power are: more-sluggish-than-anticipated economic growth, incomes that haven’t kept up with the cost of living, and lack … [Read more...]
All-Cash Home Sales Fall To Six-Year Low
This summer, our country saw a decline in the purchase of homes through all cash home sales. In June 2014, all cash sales only made up a total of 33 percent of home sales in the country. This was the lowest we have seen since September 2008, which is what most people consider the unofficial start of the financial crisis. 33 percent is 3.3 percent … [Read more...]
Low Mortgage Rates Are Persistent
Lowest Mortgage Rates 2014 Over the course of 2014, we’ve watched a very interesting phenomenon take place in home mortgages. Despite the fact that many economists and experts predicted that mortgage rates would rise from last year’s rates, they have remained persistently low. This was a surprising turn that no one expected, considering that almost … [Read more...]
The Benefits of Buying a Second Home in San Diego
Buying a second home in San Diego might seem a crazy idea in times like ours, but believe us, it is a sound decision from a financial and emotional perspective as well. Second homes usually serve as vacation homes or investments that will generate income to the owners – whatever purpose appeals to you, purchasing a second San Diego home is an … [Read more...]
Lending San Diego – Get Your Dream Home with Money Borrowed Wisely
There are two ways to get your dream home in San Diego: you can either chose to buy property in the area or you can rent your home. While renting property is the choice of many, buying property and moving into your dream home is obviously the best option, viable even if you do not have the money necessary at the moment of the purchase. If you do … [Read more...]
11 Reasons Why You Should Own vs. Rent A Home
Is is better to Own vs Rent a home? What questions should you consider when deciding whether or not to purchase a property? While there are numerous arguments in favor of property rental, there are even more advantages to owning property. In what follows, we will present 11 of the most important ones: Buying a home is an investment that provides … [Read more...]
San Diego Direct Mortgage Lender
I believe that home loan basics are important and I know that purchasing a home can seem complex but I believe that obtaining a mortgage shouldn’t be. I’ll show you how each stage works and answer any questions you may have regarding details about each of the phases. My goal is to help my clients experience a sense of balance while purchasing a … [Read more...]
