San Diego Market Trends RENTS RISING. Rents in San Diego county in general are rising, according to Zillow in their February report, released last week. San Diego Metro rents in February increased 0.4% from January and 4.3% from last February. Chula Vista, Oceanside, Escondido, and El Cajon rose similarly. Highest annual increases were Encinitas (5.3%,…

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Even though the U.S. economy was robust, unemployment was low, and wages grew, home sales across the nation began to drop late last year. Reasons given were high prices and a number of interest rate hikes by the Federal Reserve. Higher rates made houses less affordable, so the Fed took a “patient approach” to further…

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Millennials are buying fewer homes than in times past. This fact has caused quite a ruckus, with numerous pundits looking for answers. Last week, Freddie Mac joined the fray, blaming it all in large part on seniors. Is that true? Freddie Mac has been writing about housing shortages across the US for years. In its…

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Trump Tax Plan

The Tax Cuts and Jobs Act will have its first effect on tax returns this tax season with the 2018 returns. Of large concern to many is whether homeowners can write off their mortgage interest under the new tax law.  For people considering buying a home, there have been numerous articles saying that the mortgage…

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Does the term “amortization” leave you perplexed? Are you unsure how preapproval differs from prequalification? If so, you’re not alone. Here are some mortgage basics to help you become more familiar with the process. What’s the difference between prequalification and preapproval? Getting prequalified is often the first step when searching for a home. You supply…

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Emergency situations such as fire, extreme weather and power outages can happen without warning. By taking the time to prepare for a possible disaster now, you and your family will be equipped to handle a crisis if one ever occurs. Fire Escape Route and Meeting Spot It can take a mere five minutes for a…

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Designing your own home can be exciting, but it’s a lot more work than buying an existing house. With so many moving pieces involved, knowing what works and what doesn’t is key. Protect your home’s long-term value by sidestepping these five avoidable pitfalls of building a new home. 1. Forgetting About Storage Space From seasonal items…

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It’s been a natural fact that the Federal Reserve Bank was gonna raise the discount rate another 0.25% this December. That would probably raise mortgage interest rates by a similar amount, but there’s a lot more on the horizon. The economy is getting stronger, to the point where the Fed will have to raise the…

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Whether you’re interested in buying or selling a home this year, there’s reason to be optimistic. See how a healthy real estate market and positive consumer sentiments are contributing to a buoyant housing sector. Real Estate Trends The U.S. housing market continues its recovery as home prices gradually increase, interest rates remain low and millennials represent the largest…

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Spring has sprung, which means the housing market is in full bloom. Each year, roughly 40 percent of real estate transactions occur between the months of May and August. If you’re feeling inspired to buy or sell a home soon, make sure you’re prepared. Use these checklists to catch anything you may have missed. When You’re Ready…

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