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Why Are Home Prices Going UP in La Mesa and San Diego, CA?

Why Are Home Prices Going UP in La Mesa and San Diego, CA_

Why are Home Prices still going up in La Mesa and San Diego? How and why are home prices continuing to go up in San Diego is a question I am getting a lot lately. The answer is simple: supply and demand. First, let’s take a look at this graphic from Zillow. It shows that … Continued

Does Your Home Have What La Mesa Home Buyers Are Looking For?

Does Your Home Have What La Mesa Home Buyers Are Looking For_

  Does Your Home Have What La Mesa Home Buyers Are Looking For? There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue … Continued

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks. . Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does … Continued

What Are Experts Saying about Home Prices?

Home prices

What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, … Continued

Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today’s Market. . . Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow … Continued

July 2020 Real Estate Market Update for East San Diego County

Did you ever wonder how much the Housing Market really affects the overall economy? Here’s July Market Update, 2020. Here’s the deal, nationwide each time someone decides to purchase a home, there is on average of over eighty-eight thousand dollars ($88,000) of economic growth spurring from homes selling into the cities and towns where the … Continued

Is the Health Crisis Driving Buyers Out of Urban Areas?

Is the Health Crisis Driving Buyers Out of Urban Areas? The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban … Continued

A Historic Rebound for the Housing Market

Housing Market

A Historic Rebound for the Housing Market. . Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales … Continued

Add Value To Your Home With These 9 DIY Improvements

  Add Value To Your Home With These 9 DIY Improvements Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home. The best part is, once you’ve secured … Continued

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate! Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – … Continued

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