California Real Estate Blog
For Sale – Great 4 Bedroom Home in on a large lot in Poway!
This lovely home offers plenty of room for a growing family! Beyond the spacious living room, there is a beautiful enclosed Sunroom with a pond next to the kitchen and dining area. Past this lies a courtyard and an attached 750 sq ft. studio, with shower and 2 half baths. Located on a quiet street within 2 [...]
Mortgage Rates on the Rise; Likely to Continue
According to Freddie Mac latest Primary Mortgage Market Survey for the first week of September 2018, U.S. mortgage rates jumped over the past week to a level not seen in over a month. Sam Khater, Freddie Mac's chief economist, says the one-two punch of strong job and consumer credit growth drove mortgage rates up to their highest [...]
San Diego Home Prices hit New Record, as Sales Slow
San Diego County’s median home price hit its highest price in history in July, $579,750, while sales hit a four-year low, real estate tracker CoreLogic reported. The previous record was $575,000 in May. Home prices have been breaking records on nearly a month-to-month basis all year. As of July, home prices had increased 8 percent in a year [...]
San Diego Median Home Price hits new High: $575K
Your Content Goes Here San Diego County’s median home price hit another record in June, reaching $575,000, while sales hit their lowest point in years, real estate tracker CoreLogic reported. The previous record was $570,000 in May. Home prices have been steadily breaking records all year, with prices increasing 5.5 percent in a year as of June. [...]
Fed holds Key Interest Rate Steady but Signals more Hikes to come
Your Content Goes Here Federal Reserve policymakers on Wednesday held their key interest rate steady but remained on track for another small hike in September that could draw President Trump's ire. Trump delivered rare public criticism of the independent Fed last month for its recent interest rate increases, complaining they could hurt the strengthening U.S. economy. He [...]
San Diego council votes to limit Airbnb rentals
In a move that will dramatically alter San Diego’s home sharing landscape, the City Council Monday voted to outlaw vacation rentals in secondary homes, limiting short-term stays to one’s primary residence only. The effect of the action will be to curtail investor activity in the short-term rental market while also barring residents and out-of-towners from hosting short-term [...]
What Does the Fed’s Rate Hike mean for Mortgage Rates
The Federal Reserve lifted the federal funds rate by a quarter percentage point to a range of 1.75 percent to 2 percent. Two more rate hikes are expected this year. If you’re a homeowner with a fixed-rate mortgage, rest easy. If you’re a homebuyer and are shopping for a fixed-rate loan, don’t panic. But if you have [...]
San Diego Home Prices up 7.7 percent in a Year
San Diego County home prices in March increased 7.7 percent from a year ago, outpacing most of the nation, a closely-watched housing index reported. Riding a wave of rising prices across the nation, the S&P CoreLogic Case-Shiller Indices showed that nationally, home prices had increased 6.5 percent over 12 months. Seattle had the biggest increase of 13 percent [...]
San Diego Unemployment Hits Lowest Level in 18 years
San Diego County unemployment in March hit its lowest level since December 1999, said state labor officials and local analysis. The upside: San Diego’s seasonally adjusted unemployment rate was 3.1 percent in March, said Lynn Reaser, chief economist for the Fermanian Business & Economic Institute at Point Loma Nazarene University. That is the lowest in 18 years. [...]
Over 2,000 New San Diego Apartments to Open this Year
More than 2,000 new apartments are opening this year in San Diego County, most of which are high-end and downtown. The trend towards greater amenities with these projects follows past years, as luxury complexes cater to pets, install high-tech gyms and zero-edge pools typically found at resorts in an effort to outdo each other. Experts say developers [...]
San Diego Home Price Hits New Record High
San Diego County median home price soared to its highest point ever, $550,000, in March, said real estate tracker CoreLogic. Home prices increased 6.8 percent in a year, which experts attribute to a lack of homes for sale and a strong economy. The previous home peak was $545,000 in June. The big picture: San Diego County’s median [...]
San Diego Economy doing Well, Report says
San Diego County’s economy reached new heights in February led by increased help wanted advertising and low unemployment, said a monthly study from the University of San Diego. The report from the Burnham-Moores Center for Real Estate looks at different parts of the local economy to see how it’s doing. In the report for February, all but [...]