California Real Estate Blog
Freddie Mac – Biggest year ever in Multifamily
For the second year in a row, Freddie Mac set a new record for multifamily security issuance. Freddie Mac issued $72.8 billion in multifamily securities in 2018, breaking its 2017 record of $68 billion. Debby Jenkins, head of Freddie Mac Multifamily, said “With our diverse array of securities, including our flagship K Deals, we continue pioneering efforts [...]
San Diego among Top Hot Housing Markets in 2019
San Diego will be one of the hottest housing markets in 2019, real estate website Zillow predicted. Data analysts looked at places where home values and rents were expected to outpace the rest of the country, income growth, job opportunities, and population growth. Overall, San Diego ranked 10th among national markets. 1. San Jose 2. Orlando 3. [...]
American Homeownership Tenure is Climbing
Americans are remaining in their homes longer than ever before, thus tightening the lid on housing supply. First American data indicates that homeownership tenure has risen 10% just from 2017 and has significantly climbed since the market crash of 2008. “Tenure jumped to seven years during the aftermath of the crash between 2008 and 2016, and the [...]
San Diego Home Prices Rebound as Market Slows
San Diego County home prices were up 1.1 percent in November after two months of declines, real estate tracker CoreLogic reported. The median price was $565,000 — still down $18,000 from the all-time peak reached in August — showing the market is somewhat weathering increasing mortgage interest rates and lower sales. There were 2,936 sales, down from [...]
Happy New Year 2019!
Cheers to the New Year! Wishing every day of the New Year to be filled with Health, Success and Prosperity! To accomplish Great Things, we must not only Act, but also Dream; not only Plan, but also Believe! All the Best, Gregg Watkins Watkins Realty Group
San Diego Building more Housing than Last Year
San Diego County appears to be on track to build more housing this year, led by increases in apartment construction. For the first nine months of the year, San Diego County has built about 8,519 housing units, up from 6,054 at the same time last year, said the third quarter report from the Real Estate Research Council [...]
Buyer Opportunities Improve as San Diego resale Prices Slow
Existing home prices in September for the San Diego metropolitan area increased 4 percent in a year, the lowest in the West, said the S&P CoreLogic Case-Shiller Indices. Among the 20 areas covered by the index, San Diego’s increase was the fourth lowest and below the national increase of 5.5 percent. The last time San Diego’s annual growth [...]
How to Protect Yourself from Home Title Fraud
As an FBI agent through the 1990s, Art Pfizenmayer investigated title theft. While it was rare then, today it’s a growing problem. In 2008 when title theft was still uncommon, the FBI posted a notice about this house stealing scam, telling homeowners what to watch out for. A few years later in 2012, the California Department of [...]
San Diego votes to Rescind tough Airbnb Regulations
Faced with a referendum seeking to repeal San Diego’s new restrictions on short-term rentals, the City Council rescinded the restrictions but left open the question of how it will regulate home sharing in the future. The council had only two choices before it — repeal the regulations it initially approved in July and reaffirmed in August or put [...]
5 Crucial Questions to Ask a Home Inspector — and When to Ask
What are some questions to ask a home inspector? If you're buying a house, you know that your home inspector will check it out and make sure it's in decent shape. So if you want to get to know your home beyond its pretty facade, you should ask your inspector questions. But when you ask those questions [...]
New record: San Diego home price hits $583K
San Diego County’s median home price hit an all-time high of $583,000 in August, according to real estate tracker CoreLogic. The previous record was $579,750 in July. Home prices have been reaching new records for several months, which analysts attribute to job growth, a strong economy and tight inventory. The big picture: Despite the record-breaking price, sales [...]