California Real Estate Blog
San Diego Most Expensive Homes in 2017
La Jolla and Rancho Santa Fe continued to be the place for the most expensive home sales in San Diego County in 2017. The most expensive house to sell in the county was a beachfront property in La Jolla for $12 million. Built in 1993, 6106 Camino de la Costa (pictured above) features panoramic ocean views and its [...]
San Diego Home Median Reaches $540K
The San Diego County housing market is positioned to finish 2017 with near-record prices. The county median home price has increased 9.1 percent in a year November’s median price of $540,000 was the second-highest of the year Real estate agents say buyers are paying more as inventory stays low San Diego County housing prices: Here’s the full [...]
U.S. Home Prices Surge, Outpacing Wage Growth
U.S. home prices climbed a robust 6.2% year-over-year, amid strong demand from would-be buyers and a shrinking supply of properties for sale. Standard & Poor's said that for October, its S&P CoreLogic Case-Shiller national home price index stood a solid 6% above its previous 2006 peak. Prices are rising at more than double the pace of wage [...]
Local Home Price Increases among Highest in Nation
San Diego was among the top three cities in the U.S. with the biggest annual home price increases in September, said a key real estate index just released. The region’s home prices have risen 8.2 percent in a year, said the S&P Case-Shiller Indices. Only Seattle and Las Vegas had bigger increases in the 20-city index. San [...]
U.S. Home Construction Climbs Higher, but Falls in the West
Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses. But the increase wasn’t spread nationwide: Construction declined in the West. The Commerce Department said that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of [...]
Forecast: CA Home Prices will Continue to Rise in 2018
Home prices in California will continue to increase next year, but at a slower pace, according to a forecast released by the California Association of Realtors. The median price of a home is expected to rise 4.2 percent in 2018 to $561,000, less than the expected 7.2 percent increase this year. While the forecast from the Realtor [...]
The 5 Best Things to Do When You Move into Your New Home
Moving into your dream home can be a daunting task. Between unpacking, cleaning, and trying to find that stray roll of toilet paper, it may feel like you’ve lost your mind in a sea of Bubble Wrap. But there are five simple things that you should do during the first month in your new home that will [...]
San Diego Home Prices Outpaced The Nation
California home prices outpaced the nation in July even as sales slowed, according to a recent key real estate index. San Diego County home prices rose the most in California at 7.1 percent in a year, said the S&P Case-Shiller Indices, which are adjusted for seasonal swings. Nationwide home prices increased 5.9 percent in the same period, [...]
How much can you Make on the Sale of a San Diego house?
The typical San Diego County home seller made $125,000 on the sale of their home last year, according to a recent Zillow study. The real estate website crunched the numbers on 33 metros and found the best return on investments for homes have been in Oakland, where homeowners saw a 78 percent return on what they originally [...]
SoCal Home Prices Surge in July amid Supply Shortage
Southern California home prices surged in July, as the already white-hot housing market saw heavy demand amid a persistent housing shortage. The six-county area’s median price climbed 7.7% from a year earlier to $501,000, according to CoreLogic. That was the greatest jump in nearly 2½ years and put the median just $4,000 shy of its all-time high set [...]
Beyond Deductions – How to Save on Real Estate Taxes
The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives for homeownership and real estate investment. That’s no surprise. Roughly 9 out of 10 home buyers borrow money to buy a home, meaning they likely pay some form of mortgage interest. And property taxes are a near-universal expense for [...]
San Diego home prices set another record: $543,500
San Diego County’s median home price hit another record in June with an imbalance of supply and demand continuing to push costs up, CoreLogic reported. The median home price reached $543,500, increasing 9.8 percent in a year and marking the third month in a row of record-breaking prices. Chris Thornberg, economist and founding partner of Beacon Economics, [...]