If you’re a homeowner in the San Diego area, chances are your house is making you rich. Although there’s no guarantee that homeownership will help you build wealth, the Federal Reserve 2019 Survey of Consumer Finances found that the median homeowner has 40 times the household wealth of a renter. And if you live in the San Diego – Carlsbad area or in several other parts of California, you’ve gained a lot of equity in the last 10 years.
Continue reading Homeownership Builds Wealth
Last year we couldn’t find toilet paper to buy. This year we can’t find homes. In December, the North County and San Diego real estate markets had the fewest homes for sale we’ve seen since December 2001. To make things worse, the situation didn’t improve in January or February. This incredibly tight inventory combined with historically low interest rates and a lot of pent-up demand has created a red-hot market.
Continue reading March 2021 North County and San Diego Real Estate Markets
While many areas of the economy have contracted, the real estate market has stayed remarkably strong. But can the good news last?
Continue reading Is the San Diego Real Estate Market Going to Crash?
San Diego County gardens are beautiful in March. Many plants have already started flowering, and garden centers are stocked full. Next to fall, this is the best time of year to plant.
Continue reading San Diego Garden Tips March 2021
The North County and San Diego markets remained very tight in January. There were few new listings and very little existing inventory. Continued low interest rates and pent-up demand are keeping buyers in the market.
These factors are pushing up home prices. In fact, the S & P CoreLogic Case-Shiller Indices show that in November, we had the highest monthly price gains we’ve seen in six years. And they expect pressure on prices to continue for at least the first six months of 2021.
The year-over median price was up 14.2 percent in North County and 9.2 percent in San Diego County overall. New listings dropped sharply, but while North County saw fewer pending and closed sales compared to the previous year, the county as a whole had increases in both. Supply remained very low in all areas with less than one month’s inventory. This continues to make the market a great one for home sellers and a difficult one for home buyers.
See below for this month’s statistics and daily interest rate updates.
Continue reading February 2021 North County and San Diego Real Estate Markets
Spring shows up early in San Diego County gardens, but there’s still time to trim and spray dormant trees and deciduous plants. The rains have finally gotten here too which means that not only are your plants happy, but so are your weeds. Manage weeds now while they are still small. Keep reading for more San Diego gardening tips for February.
Continue reading San Diego Gardening Tips February 2021
While many in this country are dealing with inclement weather, we lucky San Diego County residents are able to garden year-round. It’s a great time for both planting and yard cleanup. Prune and spray dormant trees and roses. And, if it rains, control weeds. Here are some San Diego gardening tips to beautify your winter garden.
Continue reading San Diego Gardening Tips January 2021
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
Continue reading 9 New Year’s Resolutions for Buyers, Sellers and Homeowners
This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly takes a village to keep a community functioning effectively. And there are so many ways we can give back to our community. It could mean keeping our waterways clean, feeding the hungry, teaching our kids, or supporting small businesses.
Continue reading 10 Ways to Give Back This Holiday Season
November and December are great times for planting and pruning in the garden. Until the rains start it’s important to continue to water, especially when we are having dry Santa Ana winds. Here are some November and December gardening tips to get your yard ready for the new year.
Continue reading November & December Gardening Tips 2020