Home Buying Tips: What to look for in your future home One positive aspect of our current economic recession is the record low interest rates offered for homes. If you are a prospective and able buyer, now is the time to take advantage of these low rates and invest in a home. However, buying a home is an involved process, …
Fix it Up: Useful Tips for Staging Your Home
Quick and Easy: Fix it Up Flooring: Get rid of old carpet and replace it with new neutrally colored carpet. This is definitely an investment worth making as buyers love to see new carpet in homes as it provides a clean and new home feel. Make sure your wood flooring is revamped, but there is no need to replace it …
From the Outside, In: Useful Tips for Staging Your Home
A well-staged home exudes value to potential buyers and is a key element to its sale. Often times, preparing a home for sale proves to be a daunting costly task for sellers; but fortunately, it does not have to be. The following series of posts include cost-efficient tips and small design tricks to equip your home for a quick, high …
Neighborhood Highlight: Windansea Beach + Canter Custom Home Development
Secluded, with the roar of powerful wave breaks caused by underwater reefs and protruding rocks, lays one of the most scenic beaches in Southern California. Windansea Beach is located at the end of Nautilus Street just south of the La Jolla Country Club and some of La Jolla’s ritziest homes, hotels and restaurants. This beach provides breathtaking scenic views exuding …
Average Mortgage Rates Fall to Record Lows
This week, the average rates on fixed and adjustable mortgages have reached an all-time low. According to Freddie Mac’s weekly mortgage rate survey, 15-year fixed-rate loans dropped to 3.21 percent while five-year adjustable rate mortgages also plummeted to 2.86 percent. The current rates remained at solid low points for the past few months until this week. Freddie Mac says these …
Fannie and Freddie Suspend Eviction Activity for the Holiday Season
Struggling home owners facing eviction will be given a break by Fannie and Freddie during the holidays this year. A moratorium on their home’s eviction proceedings will begin on December 19th and end shortly after the New Year on January 2nd. The two banks along with Bank of America, Wells Fargo, and Chase will allow families who have received foreclosure …
Has the Foreclosure Crisis Peaked in San Diego County?
The imminent threat of foreclosures persists throughout California due to a significant decrease in asset values compounded with high debt levels, continued economic instability, and a general lack of liquidity in the marketplace. While many counties in California, particularly Riverside, San Bernardino, San Joaquin, and Kern counties are suffering from exceptionally high foreclosure rates, San Diego County’s foreclosure crisis has …
Over-Leverage isn’t Just a Problem for Homeowners
Hotel Del Coronado (HDC) finds itself in a position common to many struggling homeowners. Over-leveraged and looking for a way to get out from underneath the crushing weight of a mountain of debt and the pending doom of a very large balloon payment on the horizon. It appears Blackstone Group (BX) sees an opportunity in purchasing the historic hotel while …
Forbes Ranks San Diego in Top 5 Housing Markets for 2011 and Beyond
In a recent analysis on home value outlook for 2011, Forbes has ranked San Diego number 5 of 315 housing markets nationally for home price appreciation. The finance publication, citing data from Local Market Monitor, predicts median home price increases for San Diego at 2% annually through 2013. The company analyzed data from real estate markets throughout the nation and …