Last December, I had guessed NSDCC sales would drop by 20% this year, but that was back when mortgage rates were touching 5%. With rates back in the 3s for most of 2019, our sales exceeded my expectations - here are the NSDCC detached-home listings and sales for the...
Nearly 80% of those homeowners with a mortgage are spending less than 35% of their income on housing costs? That sounds like a solid, secure market. Renters should talk to their parents or grandparents about early distribution of their estate: American homeowners...
When to Buy A Home in San Diego
With prices so high now, everyone knows that it's smart to fully upgrade your house before selling - at least when possible. But not many sellers do, so buyers get as close as they can and then deal with the rest. My general rule-of-thumb still applies - expect to...
My friends and clients who bought a La Jolla fixer and did a phenomenal remodel are featured in the latest edition of San Diego Home & Garden Magazine. It's not online, but I found a copy at Barnes & Noble! Here's my video tour:
This will probably be the last detached-home tract priced under $1,000,000 in SW Carlsbad. Solar is included on all new homes now (starting in 2020), and these are Aviara Oaks schools which goes through 8th grade, then Carlsbad or Sage Creek High Schools. Take your...
In today's market, sellers should consider an offer that is contingent upon the sale of the buyers' home. If the seller's home has been on the market for 30+ days, the showings have probably slowed down - and a contingent offer might be the only hope of getting a sale...
Let's also note that mortgage guidelines allow for parents to contribute the entire 20% down payment. Hat tip to SM for sending in this article on the Bank of Mom & Dad! Buying a home is increasingly a multigenerational family affair. Four in 10 parents recently...
This new post about millennials and their housing/lifestyle expenses outlined by a Compass realtor in Houston made me think of the budget above which is more applicable to those of us in Socal....
I describe the strategy for sellers here, because buyers need to be on alert 12 months out of the year. Why? Because you only care about buying the right house at the right price - which isn't affected by the general market conditions. You are looking for the one-off.
