We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years.
Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
with no signs of slowing down either!
San Diego politicians are all in agreement that there is a housing “crisis” that only they can solve. Combine that with all the news regarding rising rents to boot.
Other experts agree the rising home prices do not point to a bubble.
“Now, the one complicating factor is the mortgage interest deduction, which makes housing in the 80s look less affordable than it really was,” said Brent Nyitray, iServe Residential Lending director of capital markets. “Taxes were higher, and interest as a percentage of the P&I payment was higher, so the differences are somewhat exaggerated.”
“However, it does appear that buying a house is not as ‘unaffordable’ as the median house price to median income ratio implies,” Nyitray said. “Just remember these graphs when you hear people discussing how high real estate prices are and that we are in another bubble. We aren’t.”
The 10-City Composite also increased, rising 4.9% from last year. This increase is down from the 5% annual increase in April. Before seasonal adjustment, the 10-City Composite increased 0.7%, however after seasonal adjustment it showed no increase.
Similarly, the 20-City Composite increased 5.7% in May from last year, down from April’s annual increase of 5.8%. It increased 0.8% before seasonal adjustment, but only 0.1% after the adjustment. All top 20 cities in the U.S. reported increases before seasonal adjustment, and after seasonal adjustment 14 cities saw monthly price increases in May.