Category Archives: Homeownership

Could Rising Home Prices Impact Your Net Worth?

Could Rising Home Prices Impact Your Net Worth?

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.

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Homeownership Builds Wealth

Homeownership Builds Wealth money bag, house and upward arrow

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.

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9 New Year’s Resolutions for Buyers, Sellers and Homeowners

9 New Year's Resolutions for Buyers, Sellers and Homeowners Pam Fraser

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.

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Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history. And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s low mortgage rates truly a bargain?

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July Gardening Tips 2020

July Gardening Tips Pam Fraser monarch butterfly

Summer’s in full swing and we are entering our three hottest and often driest months in San Diego County. Make sure your garden has plenty of water, and don’t forget to add mulch to keep the soil cool and moist.

Here are some July gardening tips to help your yard stay beautiful throughout the summer.

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North County and San Diego Events July 2020

North County and San Diego Events July 2020

North County and San Diego Events for July

Although we’ve seen some reopening of businesses and facilities, most North County and San Diego events in July are still canceled or virtual. San Diego County had a record number of new COVID-19 cases in early July and will be added to the state’s monitoring list. Because of this, we may have new restrictions. The County of San Diego issued a new health order as of July 1, 2020 delimiting social distancing and sanitation guidelines, but this may be updated.

Read on for up-to-date information from North County cities, San Diego County and California State showing what’s open, what’s closed and what precautions you should take. I’ve also included an updated listing of July 4th firework displays Continue reading North County and San Diego Events July 2020

The Power of Home Equity

The Power of Home Equity

Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.

But one of the biggest perks of homeownership is the opportunity to build wealth over time. Researchers at the Urban Institute found that homeownership is financially beneficial for most families, and a recent study showed that the median net worth of homeowners can be up to 80 times greater than that of renters in some areas.

So how does purchasing a home help you build wealth? And what steps should you take to maximize the potential of your investment? Find out how to harness the power of home equity for a secure financial future.

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Homeowners Insurance: Are You Covered?

Homeowners Insurance: Are You Covered?

No one likes to think about disasters. Severe weather, fire, theft, or even a seemingly small issue like a broken pipe, can wreak havoc on your home and result in thousands of dollars in damages. Fortunately, a good homeowners insurance policy can offer you peace of mind that you and your family will be financially protected if disaster strikes.

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7 Garage Storage Mistakes

7 Garage Storage Mistakes

If you use your garage as storage space, you’re not alone. Unfortunately, because the space isn’t climate controlled, it’s best to keep these items elsewhere and avoid these storage mistakes according to Realtor.com:

1 Family Photos

Pollutants, moisture and heat can quickly destroy your photos. You should digitize all of yours. If that’s not an option for you, keep printed copies in a dry area inside your home.

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Optimum Time for Selling

Optimum Time for Selling travel trailerA couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels.

An interesting exercise is to determine the optimum time for selling the home: now or when they’re ready to buy their replacement home.

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