More Homes Are Being Constructed in San Diego
Good news for homebuyers—even amid the housing crisis affecting the entire west coast, new homes are being built at an increasing rate in San Diego County. The data from the Real Estate Research Council of Southern California is in for the first half of this year. In all, the council reports that 6,953 residential permits […]
Listen to Maureen Martin on Common Sense with Eran Sinai
If you follow along with Maureen Martin’s blog here at HomePlus Mortgage, you know that we have a seller’s market in San Diego right now. With construction slowing down, unemployment figures low, and high demand for affordable housing, sellers are able to command steep prices. While this puts sellers in a great position, it can […]
Unemployment Numbers Hit a New Low in San Diego
Great news for the real estate market and the economy as a whole: San Diego’s unemployment figures are continuing to fall. Within the past 12 months (as of the end of April), 32,100 jobs were created throughout the county. From March to April alone this year, the unemployment rate dropped from 3.2% to 2.9%. After […]
Sound of Spring in San Diego County
Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market. Prices surged 7 percent higher in March compared with a year ago, according to CoreLogic. That’s the biggest gain since May 2014. High Prices and Low Inventory […]
Millennial Slowdown
Homeownership was crawling slowly back from its record low two years ago, but it just stalled, and the youngest homebuyers are behind that. Millennials had been driving the nation’s overall homeownership rate, showing the biggest gains throughout 2017, but they dropped back in the first quarter of this year. Homeownership Roadblocks for Millennials Millennials are […]
Push and Pull
The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could be pummeled this spring by an increase in competition. As the hottest selling season in housing officially closes in, the typical twists and turns of the market during […]
Meet Maureen Martin In a Special Interview in SD Voyager
Maureen Martin is pleased to announce that she has been featured in an article in SD Voyager. If you have been hoping to learn more about Maureen, now is your chance. In the interview, Maureen talks about how she became interested in pursuing a career in real estate, and what she does to make HomePlus […]
Slippery Spring
U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market. Uphill Battle for First Time Buyers The drive home is an uphill battle these days, especially for first-time homeowners who […]
Hammers and Nails
Buyer traffic is likely increasing so much because of the severe shortage of existing homes for sale. Realtors are reporting the lowest supply on record and are not expecting the situation to improve anytime soon. While housing starts did rise steadily throughout 2017, they did so very moderately and are still not close to historically […]
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. […]
