October 2015 Real Estate Newsletter

September 30, 2015

San Diego nation’s highest monthly gain

The San Diego Union-Tribune reports that San Diego County had the highest monthly home appreciation in July according to the S&P/Case-Shiller Home Price Indices. “The data, which are adjusted for seasonal swings, show the market was still delivering the kind of single-digit price appreciation considered sustainable by housing economists.”

September 29, 2015

Home prices up 5% across U.S.

“The Standard & Poor’s/Case-Shiller 20-city home price index climbed 5% in July from a year earlier. That’s up from a 4.9% annual pace in June,” reports USA TODAY.

September 28, 2015

U.S. pending home sales slip 1.4%

The Wall Street Journal reports on National Association of REALTORS statistics showing that pending home sales were down 1.4% in August across the country. However, “Sales are still well above where they were a year ago. The index rose 6.1% in August from a year earlier, the 12th consecutive annual increase.”

 

September 24, 2015

New Listing – Rancho Bernardo

Upgraded and maintained Seven Oaks two bedroom, two bath with drought resistant yard. Offered for $499,000. More Information

Home For Sale - Rancho Bernardo
Home For Sale – Rancho Bernardo

New home sales up 5.7%

The Wall Street Journal reports that the Commerce Department released data showing that new home sales were up 5.7% across the U.S. in August which is the highest level since the end of the recession.

September 23, 2015

New Listing – Escondido

Nice three bedroom, two bath family home with an easy walk to the elementary school. Offered in a range of $425,000 – $450,000. More Information

Home For Sale - Escondido
Home For Sale – Escondido

September 21, 2015

U.S. existing homes sales slow

The Wall Street Journal reports that existing homes sales across the country slipped 4.8% in August according to the National Association of REALTORS. The largest declines were felt in the West and South.

Interesting statistics about real estate agents

“Statistics show that 70% of all new agents give up after the first two years and 90% of new agents never renew their license,” according to an article by Helena Lopez in San Diego Realtor Magazine. My guess is that of the 70% of those that stay beyond two years, less than half become “top producers.”

September 18, 2015

New Listing – Solana Beach

Two bedroom, two and a half bath Solana Beach in oceanfront condo project. Offered for $875,000.00. More Information

Solana Beach Condo
Solana Beach Condo

 

September 17, 2015

Owners overvalue homes…?

The National Association of REALTORS published a story in their REALTORMag that reports on Quicken Loans Home Price Perception Index. The index purports to prove that home owners overvalue their homes. It is, of course, no surprise that a lender will think your home is overvalued.

California prices, sales cool in August

FoxBusiness story about a drop in sales prices from July to August in California according to CoreLogic. The story did point out that prices were up 4.3% over August of last year which, “was the 42nd straight month of annual price gains.” I don’t know about you but that sounds like good news to me

September 10, 2015

San Diego confidence level ranked 8th.

Roger Showley of the San Diego Union-Tribune reports on a Zillow survey of potential home buyers across the country. San Diego ranked 8th in home buyer confidence, “Rising rents and slowing home appreciation in San Diego County have reduced residents’ confidence in the local housing market.”