Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of … Continued
The housing market in San Diego CA recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate in San Diego CA, and the current market conditions are truly making this winter an ideal time to … Continued
An Honest Look at Unemployment Numbers Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative because … Continued
Your House May Be High on the Buyer Wish List This Holiday Season in La Mesa CA… Around this time each year, many homeowners decide to wait until after the holiday season to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the … Continued
Home Equity Gives Sellers Options in Today’s Market . . Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity … Continued
Should You Buy an Existing Home or New Home Construction? Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and new home construction ramping up, you may be wondering if you should consider new home construction in your search process. It’s a great question … Continued
Why Foreclosures Won’t Crush the Housing Market Next Year in La Mesa CA. . With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of … Continued
Are You On The Fence About Buying Or Selling A Home? There is so much uncertainty right now. But let’s review the facts. An economist at High Frequency Economics stated, “The housing market is likely benefiting from the low mortgage rates, stronger demand for larger spaces as more and more people work from home and … Continued
Why Homeowners in La Mesa CA Have Great Selling Power Today We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When … Continued
Guidance and Support Are Key When Buying Your First Home in La Mesa San Diego. . In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through … Continued
