Prices on the Uptick
San Diego County Housing Market Report July 2015
Low interest rates and a lack of inventory are helping to promote continued appreciation as shown in July’s San Diego County housing market report. The number of detached homes that sold in June also increased, while the median number of days those homes were on the market did not change significantly.
Those record low interest rates have started moving upward, and are probably going to be increasing more in the near future. While most economists don’t expect the Federal Reserve’s Open Market Committee to make changes to the Federal Funds Rate when they meet later this month, they do predict the Fed will start raising rates as soon as September. This will make housing less affordable for home buyers in San Diego County. If you’ve been thinking of buying, you might want to move quickly to lock in today’s low rates.
Take a look at the North County and San Diego County summaries below, or click on the links for a detailed view of June’s statistics.
Continue reading San Diego County Housing Market Report July 2015Real Estate Is on Track for Best Year Since 2006
In their midyear report, Realtor.com said residential real estate is on track for the best year since 2006. They attribute job growth and high rents for the rising demand. The threat of higher interest rates is also pushing up sales. Read the full article here.
We’re Hot, Hot, Hot
Realtor.com announced California as having almost half of the 20 hottest housing markets in the country in June, with San Diego coming in 12th on its list. They ranked medium to large sized cities by views relative to the number of listings and by the median days homes spent on the market.
Continue reading Real Estate Is on Track for Best Year Since 2006Think Your AC Won’t Make it Through the Summer? Here are Some Fixes
By: Douglas Trattner
Is your AC making ominous noises? Maybe it sounds fine but isn’t cooling. Here’s a list of common air conditioning warning signs and their likely causes and fixes.
“Let comfort be your guide,” says Tom Hutchinson of Hutchinson Plumbing Heating Cooling. Air conditioning is all about comfort, so the simplest way to evaluate your system is to ask: Am I comfortable?
Air conditioning and HVAC units don’t last forever — 12 years is an average lifespan — and the moment they fail is usually when you need them the most.
Continue reading Think Your AC Won’t Make it Through the Summer? Here are Some FixesGrilling Safety
More people grill in July than any other month. While grilling is all about good food, fun, friends and celebrations, it is important to make sure that accidents don’t interrupt your activities. Approximately half of the injuries involving grills are thermal burns. If you work with fire, there’s a chance of getting burned.
San Diego County Housing Market Report June 2015
June’s San Diego County housing market report indicates continued price increases countywide at a sustainable rate. North County’s month-over prices showed no increase when detached and attached numbers were combined, but when looked at separately, each category did show month to month median price increases. The annual price increase for detached homes in North County was almost 9 percent.
We saw an increase in the number of homes going under contract in May along with a decrease in new listings coming on the market. This will not help alleviate the already tight supply our market is experiencing.
Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at May’s statistics.
Continue reading San Diego County Housing Market Report June 20156 Myths About Credit Scores
San Diego County Housing Market Report May 2015
April’s San Diego County housing market report shows continued strength. After March’s quick uptick, both North County and San Diego County pricing remained fairly level on a month-over basis, but homes sold even more quickly in April than they did in March.
Detached homes appreciated between five to six percent compared to the previous year. Attached home prices grew between one and two percent depending on location.
The number of active listings increased in April, but the number of sold units grew by double that amount, keeping inventory supply under three months.
Take a look at the North County and San Diego County summaries below, or click on the links for a detailed look at April’s statistics.
Continue reading San Diego County Housing Market Report May 2015Seven North County Schools Designated ‘Gold Ribbon Schools’
The State Department of Education designated seven North County schools as “Gold Ribbon Schools” on Tuesday. This honor temporarily replaces the California Distinguished Schools Program.
“These schools are academically successful, vibrant, and innovative centers of learning and teaching,” said Tom Torlakson, state superintendent of public instruction. “They provide great examples of the things educators are doing right — embracing rigorous academic standards, providing excellence and creativity in teaching, and creating a positive school climate.”
Continue reading Seven North County Schools Designated ‘Gold Ribbon Schools’Selecting a Lender
Finding a mortgage lender for a purchase loan or refinance is not a problem. Selecting someone who will help you find the best loan product for your situation even if it means sending you to another lender, is paramount.
There is a huge advantage to be able to sit across the table from someone you’re doing business with and look them straight in the eye. It’s difficult to make an informed decision based on a website and a phone call.
Continue reading Selecting a Lender