Luxury Real Estate Market Booming in California

Sales of California luxury homes, those sold for a million dollars or more, rose last year to the highest level in six years. Rising home prices, an improving economy, rising demand and sharp price appreciation were among many factors that contributed to this increase. The high end real estate market saw the strongest gains, with […]...

San Diego Housing Prices Heat Up

The S&P/Case-Shiller index reveals that housing prices in January posted their biggest gains since 2004. Coming off an autumn lull, San Diego County’s housing market is seeing increased price appreciation. The price index increased 0.6% in January from December, compared to a downslope of 0.1% the previous month. Based on seasonally adjusted figures, January was the […]...

Real Estate Housing Market Trends for Spring

Despite the fact that the economy in the United States is off to a slightly rocky start in 2014, homebuyers might actually benefit from this. The ever-changing economy has allowed home mortgage rates to hit yearly lows and we are seeing these lows as recently as the first week in March. But just as the […]...

Buying a Home is 38% Less Expensive Than Renting!

Trulia recently released their Rent vs. Buy Index. In their report, Trulia explains that homeownership is still 38% cheaper than renting in ALL of the 100 largest metro areas! Now that the 30-year fixed interest rate is at 4.5%, buying a home has become 38% less expensive than renting nationally, versus being 44% cheaper a […]...

Foreclosure and Delinquency Rates at Lowest Level in Six Years

At the end of the fourth quarter of 2013, delinquency rates for home mortgage loans on 1-4 unit properties were at a six-year low. The seasonally adjusted rate of 6.39% of all home mortgage loans outstanding was at the lowest level since 2008, decreasing 2 basis points from the previous quarter and 70 points from […]...

Metro Area Home Prices and Affordibility

Some leading housing and economic experts are questioning whether the housing momentum we experienced in 2013 began to slow later in the year. Other real estate market experts have claimed the housing market is still trying to find its footing, blaming the housing market slowdown on rising interest rates. The National Association of Realtors (NAR) just […]...

Home Buying Confidence on the Rise

Home prices are projected to increase in 2014. Although it is expected at a slower pace that last year, consumers seem to be gaining confidence in their ability to buy a home. Fannie Mae’s monthly national consumer survey report provides indicators into the opinions of Americans across the county and let’s us gain insight into consumers’ […]...

Should You Buy Now or Wait to Buy a Home?

Mortgage rates have stayed relatively stable since the Federal Reserve decided to decrease its bond purchasing in December. The bond purchasing program was the government’s way of keeping mortgage interest rates artificially low to drive up the real estate housing market. Now that they have tapered this program, interest rates are likely to go up […]...

2014 Real Estate Housing Predictions

Real estate experts are predicting what is in store for the housing market this year. Although this can be tricky in a volatile housing market, here are five of the biggest headlines for the housing industry in 2014. 1) Sale of Homes Will Spike Many real estate experts agree that home sales with fare slightly […]...

La Jolla Among Most Expensive Homes Sold in 2013

San Diego’s most expensive real estate sold in 2013 was, not surprisingly, in the coastal areas. La Jolla and Del Mar saw most of these high priced sales in their communities. Each of these communities had properties selling for more than $18 million. Alan Nevin, the director for economic and market research for Xpera Group, […]...