California Real Estate Blog
San Diego median home price at $495,000
The typical home price in San Diego County ended 2016 just under half a million dollars. In December, the median home price was $495,000, real estate tracker CoreLogic reported. It was the same as the previous month. In 12 months, the county’s home price increased 4.2 percent. The December resale house median was $540,000, with 2,156 sales. [...]
Home prices drop back in November
After reaching $507,500 in October, the median home price in San Diego retreated 2.5 percent in November to land at $495,000, the same level as in September, CoreLogic reported. Still, the median price in November was 5.6 percent higher than it was a year ago. Unit sales were down as usual from October to November but soared [...]
Happy New Year Everyone!
Welcome New Year... We look forward to you! A year of Wonderful Happiness A year of Good Health A year of Great Success A year of Continuous Fun A year of World Peace Happy New Year 2017! All the Best, Gregg Watkins Watkins Realty Group “Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon [...]
Fed Hikes Interest Rate: What it Means for Consumers
The Federal Reserve’s decision to raise its benchmark short-term interest rate will slowly push up rates on everything from mortgages and credit cards to savings accounts. The Fed increased its federal funds rate by 0.25 percentage points. It was only the second increase in more than a decade. Chairwoman Janet L. Yellen said at a press conference [...]
Happy Holidays… and Be Home and Auto Safe!
The holidays are here! The below are simple suggestions, yet taking time in the present could help you avoid losing your presents later! Always lock up your home and automobiles, even if only stepping away for a few moments. With home and autos, keep valuables out of sight. Put items in trunk before your next destination so thieves [...]
San Diego Home Loan Limits Increase
As home prices continue to rise in Southern California, so will the amount of money you can borrow. Federal borrowing limits were increased for the first time in more than a decade last week because of rising home prices across the nation. The Federal Housing Financing Agency had capped the baseline loan limit since 2006 as home prices [...]
Median San Diego Home Price surpasses $500,000
The median home price in October exceeded a half-million dollars for the first time in a decade in San Diego County, real estate tracker CoreLogic reported. Pushed up by high demand and limited supply, the median price hit $507,500, up 11 percent from a year ago. Part of last month’s price jump was due to a substantial increase [...]
Bankruptcy, Foreclosure or Short Sale: Which One is Worse?
According to FICO (the Fair Isaac Corporation), a bankruptcy is worse for your credit than the other actions. Homeowners who go through foreclosure rather than a short sale tend to take longer to rebuild their credit (as foreclosures are generally caused by divorce, job loss, medical issues or other life events that cause financial stress). According to FICO, [...]
It’s Voting Day!
"Nobody will ever deprive the American people of the right to vote except the American people themselves and the only way they could do this is by not voting." ~ Franklin D. Roosevelt Exercise your Rights Today... and VOTE!
Gov. Brown Signs Bill Boosting Protection for Surviving Spouses
California Gov. Jerry Brown signed a bill that’s designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments. Senate Bill 1150 boosts protections against foreclosure for surviving spouses who own their home but are not on its mortgage note. Consumer groups say survivors — including those who inherit [...]
San Diego Home Price Increases Outpace Most of California
San Diego County home prices have increased more than most of California in the last year, a key real estate index showed. San Francisco and San Diego counties’ median home price is up 6 percent in the last 12 months, said the July S&P CoreLogic Case-Shiller Indices. Los Angeles and Orange counties’ price appreciation was 5.5 percent. Nationwide, [...]