We all know that real estate home sales have a positive impact on the overall US economy. But recently, a study came out highlighting just how much of an impact one home sold can have. The National Association of Realtors (NAR) recently analyzed studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors [...]...
San Diego Home Prices Hit 5-Year High
Home prices in the real estate market have been up and down and quite volatile in recent years. But some areas of the country are seeing record setting pricing when it comes to the real estate market. Recently, San Diego real estate prices have hit a level not seen in 5 years. Distressed home sales [...]...
Where Are Mortgage Rates Headed?
Should you buy a home now or wait? That is the question many home buyers are facing these days. Mortgage interest rates are a huge factor in determining whether or not to buy a home. Will mortgage rates increase or decrease in the coming year? No one can know for sure but recent reports suggest [...]...
Homeownership: Fact vs. Myth
Since the housing bubble burst, many so-called experts have said over and over that homeownership is a thing of the past. However, that is not the case. In fact, now more than ever, people are buying homes and making their American Dream of homeownership a reality. Below are some myths that we want to expose [...]...
Real Estate Growth and The Economy
With the current uncertainty of the economy, some are questioning the strength of the real estate market. Will the real estate market fall victim to the up and down economy and the impending debt ceiling debate? The experts are weighing in on the real estate market and here’s what they say: many real estate market [...]...
La Jolla Real Estate Market Update
The month of February, 2013, was another solid month for La Jolla real estate. We saw a significant jump in the number of La Jolla homes sold. The number of homes sold in La Jolla in February was up 31% from January! Also, the overall volume of home sales in La Jolla increased dramatically. The [...]...
Fewer and Fewer Homeowners Face Negative Equity
Many homeowners found themselves upside down on their homes when home values fell in the housing crash. Since 2006, when the housing market was at its peak, thousands of homeowners have seen the value of their homes fall to way less than the mortgage amount on the homes. These homeowners were not able to sell [...]...
Freddie Mac’s 2013 Housing Market Predictions
The latest report from Freddie Mac just came out and it sheds some light on where the company sees the housing market heading in 2013. The latest U.S. Economic and Housing Market Outlook is projecting growth in the housing and new construction markets, as well as housing prices. The vice president and chief economist for [...]...
Real Estate Home Mortgage Down Payments: The New Minimums
Under the new Qualified Residential Mortgage (QRM) guidelines, minimum mortgage down payments for homes are yet to be determined. These minimums for mortgage down payments for real estate homes will be revealed in the coming months. The FHFA originally issued their take on the minimums for real estate home down payments in The Mortgage Market Note. [...]...
La Jolla Real Estate Market Trends for January 2013
La Jolla is a very active real estate market. The upward trends in housing prices and supply and demand indicate a strong real estate market for La Jolla. For the week of January 14, 2013, here is La Jolla’s latest real estate market report: In La Jolla, the median list price for a single-family home [...]...
