Have you seen the latest study from Zillow? The site writes, “A panel of more than 100 U.S. economists and real estate experts was asked to rate their 2020 expectations for home value growth compared to the nation in 25 large markets nationwide.” Going by the results, it looks like San Diego’s housing market is expected to fare better than those of … [Read more...]
Go Small or Go Home
Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic. That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease up anytime soon. With affordability constraints … [Read more...]
It’s A Revolution: Millennial Buyers
Millennials are finally expected to unleash their buying arm in 2017. They are predicted to make up 61 percent of first-time home buyers under age 35 in the new year. The top motivators getting millennials moving now are getting married or moving in with a partner, growing tired of their current living space, and planning to increase their family … [Read more...]
Millennials and the Housing Market
A lot has been said about the millennial generation and the housing market. CoreLogic recently finished a two-part series in which they looked into younger buyers and first time homebuyers and their habits. In addition, the National Association of Realtors recently published their results for Home Buyer and Seller Generational Trends survey. Their … [Read more...]
Housing Market Improvement
Positive Growth of Home Prices in August The steadily rising pace of home prices in August since the same time last year is a sure sign that the housing market is improving, in spite of an overall slowdown in our economy. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.1% in the 12 months ending in August, according to … [Read more...]
California Housing Market: Going Forward
With California dominating the country’s 20 hottest real estate markets, an increase in home prices and a flash of buyer activity during May has lead to more than the usual seasonal momentum. San Diego county has seen its fair share of activity, with an ample supply of homes available for interested buyers. As summer unfolds, the market finds … [Read more...]
Will FICO Changes Rock the Housing Market?
Fair Isaacs Corp., a credit-scoring company more commonly known as “FICO,” is used by mortgage underwriters to help determine credit risk when reviewing applications. FICO scores range from 300 to 850—with a higher score typically resulting in a lower interest rate. FICO just announced there are some changes in the works. Beginning this fall, … [Read more...]