Uncategorized What Does the Future Hold for Home Prices? Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as well as what we know about […]
Uncategorized Housing Market: Another Gigantic Difference Between 2008 and 2018 Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last […]
Uncategorized 4 Reasons Why We Are Not Heading Toward Another Housing Bubble With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage […]
Uncategorized Why Real Estate May Be A Big Winner in the Tax Cuts and Job Act On the surface it may look like the Tax Cuts and Jobs Act is bad for real estate.  The reduction in the deductibility of mortgage interest and the combined $10,000 cap on state and local tax (SALT) deductions for income, sales and property, along with the elimination of moving expense deductions would make a compelling […]
Uncategorized Why Have Interest Rates Jumped to a 7-Year High? Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer spending and higher commodity prices […]
Uncategorized JUST LISTED! If you need a 3 bedroom home but can’t bear the prices of coastal north county, head inland just 9 miles and you can have the backyard and home of your dreams…while still enjoying the beach when you’d like! Lakeview Estates and all nearby neighborhoods are increasing in value tremendously!  Still so much equity to […]
Uncategorized The Impact of Interest Rate Increases
Uncategorized San Diego County To Study Affordable Housing Solutions Unincorporated areas are home to 492,500 of the region’s 3.3 million people and account for the vast majority of land in San Diego County. SAN DIEGO COUNTY, CA – The Board of Supervisors voted Wednesday to direct staff to investigate ways to promote the construction of homes for low- and middle-income families in unincorporated San […]
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Uncategorized What Interest Rate Did Your Parents Purchase At? Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase […]
Real Estate Should I Wait or Should I Buy Now? Are you stuck in the San Diego renter’s trap?  Is it time for you to consider buying?  Let’s explore that question and talk about points to consider along with steps to take that will ensure longterm comfort.   By Kara Brem March 7, 2018 Here’s the scenario…you are living and leasing in San Diego County […]
Uncategorized Thoughts on the San Diego Housing Market by Pacific Capital Associates   The median price of a San Diego home recently surpassed its all-time peak, as noted by the San Diego Union-Tribune .We thought this made for a good opportunity to share some thoughts on the local housing market, addressing common questions such as… How expensive is San Diego housing? How do […]
Uncategorized The Mortgage Process: What You Need to Know   Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Kara Brem North County […]
Uncategorized Should I Wait Until Next Year to Buy? Or Buy Now?  Should I Wait Until Next Year to Buy? Or Buy Now? Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic […]
Uncategorized Where Are Mortgage Interest Rates Headed in 2018? The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]
Uncategorized 2 Major Myths Holding Back Home Buyers Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify […]
Uncategorized U.S. Housing Inventory Crunch Continues Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, […]
Uncategorized Why You Need a Professional on Your Team When Buying a Home Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You Are Traveling a Dangerous Path The […]
Uncategorized What Impact Will the New Tax Code Have on Home Values? Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report. As we can see, CoreLogic projects an increase […]
Uncategorized Wondering If You Can Buy Your First Home? There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current […]
Uncategorized Renting or Buying…Either Way, You’re Paying Someone’s Mortgage There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explainedin their article, “12 Practical Steps to […]