If you need assistance, please call 619-917-1679

  • Search All Homes in San Diego Blog

    Wednesday, January 24, 2018   /   by Ryan Stein

    Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal.
    When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
    Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.
    In the latest release, the disparity was the narrowest it has been in over two years, as the gap between appraisers and homeowners was only -0.5%. This is important for homeowners to note as even a .5% ...

    Read More

    Tuesday, January 23, 2018   /   by Ryan Stein

    Top 10 Attractions in San Diego

    Written by: Abigail Golder

    Southern California: home to sun filled days of beaching, biking and so much more. San Diego is especially well suited for those interested in outdoor adventure and a strong desire to stay fit. This friendly city allows tourists and residents to traverse the city and coastline with ease. While San Diego is one of the nation’s most popular vacation spots, it’s an even better place to call home. While the list of activities in this city is endless, to get you started, here are the top ten attractions in the area. 

    La Jolla Cove
    Not only stunningly beautiful, the La Jolla Cove holds a wondrous surprise for its visitors at low tide. As the tide recedes, the sea lions and seals will vacate most of the rocks you aim to traverse, leaving you free to access them via the boardwalk. The tide also reveals crabs and anemones to check out. After you’ve explored, take to the boardwalk for a leisurely walk and enjoy the beautifu ...

    Read More

    Wednesday, January 10, 2018   /   by Ryan Stein

    FICO® Scores on Approved Home Loans Drop Again

    According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans.
    FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even lower FICO® Score requirements.
    Ellie Mae’s Millennial Tracker revealed that those who purchased homes in December with an FHA Loan were able to do so with an average down payment of 4% and a FICO® Score of only 684.
    Joe Tyrell, EVP of Corporate Strategy at Ellie Mae commented on the opportunity this brings to buyers,

    “With the average credit score dipping, lenders are extending credit to borrowers who may have had no previous access to the housing market.”

    Bottom Line
    More and more potential buyers are able to qualify for a mortgage loan now! If you ...

    Read More

    Tuesday, January 9, 2018   /   by Ryan Stein

    The Impact of Tight Inventory on the Housing Market

    The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.
    However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.
    Here are the thoughts of a few industry experts on the subject:
    National Association of Realtors

    “Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale, and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace, which is down from 4.0 months a ...

    Read More

    Friday, January 5, 2018   /   by Ryan Stein

    4 Reasons to Sell This Winter

    Some Highlights:

    Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
    Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
    Perhaps the time has come for you and your family to move on and start living the life you desire.

    Read More