Posts Tagged ‘homebuyers’
To Buy or To Rent?
To buy or to rent? That is the question these days from many of my clients. While the housing market pricing has gone bonkers in the last few years, multiple offer sales situations are the norm, interest rates are rising and everyone seems to be a cash buyer, competing for homes can get frustrating after…
Read More
Housing Market Update March 2022
The housing market is still a strong seller’s market, with low inventory and high demand. There are only 500,000 homes for sale in the entire country, and only 1,713 homes listed in San Diego County as of the posting of this blog – a record low especially for this time of year as we head…
Read MoreGoodbye Mortgage Insurance (Buyers Can Save Money!)
My preferred mortgage professional Elvin Wesley recently sent this information regarding mortgage insurance (MI) – this is good to know for all buyers or future buyers: Great news, buyers no longer must wait until they have 20% down to purchase a home and get a mortgage loan without Mortgage Insurance (MI)! If they meet the…
Read More2021 Real Estate Market Predictions
It’s the time of year for my annual real estate market prediction for the coming year. First of all I want to say that this has been a difficult and strange year for all humankind. Life as we knew it is no more, we have changed the way we do everything – work, play, congregate,…
Read MoreComing Right Up: More Buying Power For Buyers
Attention buyers using loans to purchase property: your buying power will be increasing this Spring. The Federal Housing Finance Agency announced it will be increasing conforming loan limits almost $38,000 starting in March. First let’s look at what exactly a conforming loan limit is. Fannie Mae and Freddie Mac are the guarantors of the majority…
Read MoreWhy Are There So Many Active Homebuyers During a Pandemic?
Many people are asking this question lately – from real estate agents to renters to curious neighbors who see neighborhood homes sell with multiple offers for crazy high prices. Many in the industry will say the reason the market is so hot is because interest rates are SO low – many buyers with good credit…
Read MoreHome Prices are Rising
Well, it is official: home prices are on the rise. Despite that many analysts thought prices would likely not rise as we head into Spring that is not the case, at least not in the San Diego county housing market. Prices in San Diego climbed 4.6%, and traditionally more affordable cities are seeing price rises…
Read MoreHappy Holidays and 2020 Housing Outlook
Happy holidays to everyone! It feels like they snuck up on me this year but I always take this time to stop and county my blessings. My wish for you, your family and loved ones is that you have a beautiful holiday season filled with love…love is the most important thing there in our lives!…
Read MoreNew Appraisal Exemption Rule In Effect
As of October 9 there are new rules on appraisal, or rather which homes will no longer require them. Certain properties under $400,000 are now exempt from appraisal. Instead, exempt properties will be evaluated by the lending institutions with an estimate on property value. Here are the properties that will fall under the exemption: 1.…
Read MoreHow To Survive a Real Estate Transaction
Surviving a real estate transaction can be challenging at times, even downright difficult. But there are a few things to keep in mind that will help you along the way so that whether you are buying or selling you will be on the ball. Here are some tips: 1. Get a timeline at the start:…
Read More