Posts Tagged ‘Encinitas real Estate For sale’

Happy 4th Of July!

Sunday, July 4th, 2010

Happy 4th Of July! There’s nothing like to celebrating the day of our Independence with family and friends. Here’s some facts about the 4th from the US Census Bureau -

1. Thirty places nationwide have “liberty” in their name.

2. Eleven places have “independence” in their name.

3. Five places adopted the name “freedom.”

4. There is one place named “patriot” — Patriot, Indiana.

5. There are five places called America.

6. There’s a 1-in-6 chance the beef on your backyard grill came from Texas. The Lone Star State is the leader in the production of cattle and calves.

7. The Lettuce in your salad or on your hamburger probably was grown in California, which accounts for nearly three-quarters of USA lettuce production.

8. The value of fireworks imported from China is $128.8 million, representing the bulk of all U.S. fireworks imports ($135.6 million).

9. “The British are coming! The British are coming!” These days, this cry applies to tourists rather than “redcoats.” Nearly 5 million tourists from the UK visited the United States in a recent year, more than from any other country except Japan.

10. The dollar volume of trade last year between the United States and the United Kingdom was $74 billion, making the U.K. our sixth-leading trading partner today.

Have a Happy, fun and safe 4th of July!

Tags:, , , , , ,
Posted in Cardiff CA Homes for sale, Encinitas CA Homes For sale, Real Estate News, San Diego Real Estate | No Comments »

HomeDex™ Key Points

Tuesday, May 12th, 2009

April 2009 Data

1. The median price for all North County home sales – attached and detached – increased 4.65% in April 2009 from March 2009, to $340,000.

a. Detached homes in North County increased 7.14 percent, from March 2009 to April 2009, from $364,000 to $390,000.

i. Detached home prices OUTSIDE North County increased 1.64% from March 2009 to April 2009, from $305,000 to $310,000.

ii. April 2009 median single-family detached homes in North San Diego County fell

23.53%, from $510,000 in April 2008. The median price OUTSIDE North County for single-family homes fell 24.39% from the $410,000 a year ago.

iii. The countywide median price of homes sold increased from $325,000 in March 2009 to $335,000 in April 2009 and was down 23.86% from the April 2008 number.

b. Attached home prices in North County increased during April 2009 by 5.91%, from $186,000 a month earlier to $197,000.

i. Non-North County attached home prices increased 3.24% in April 2009; from $170,000 to $175,500.

ii. North County attached homes decreased 35.62% from $306,000 a year ago.

c. Median days-on-market for single-family detached homes in North County decreased from 46 to 42 days between March 2009 and April 2009. The number of North County single-family homes sold increased 5.7% last month, from 684 to 723. There was a year-to-year increase of 13.32% from the 638 homes sold in April 2008.

2. The residential real estate market has swung from the seller’s market of three years ago when home prices were increasing as much as 20 to 30 percent per year to the buyer’s market today where prices have decreased and there’s an abundant inventory of homes from which to choose. That’s good news for those looking to buy a home.

a. Interest rates continue at record lows, at least for the short-term future.

1 The current condition of the housing market needs to be kept in historical perspective. Home values rose 88 percent on a national average – higher in California – over the past decade.

4. Sales continue to be hampered by problems in real estate finance. Both tighter

underwriting standards and the ongoing effects of the credit/liquidity crunch continue to limit sales.

a. Buyers with secured financing, or all cash are not hampered by the constraints of the real estate financing market.

2 In fact, several North County brokers and agents have experienced significant increases in activity in recent weeks, working with well-qualified buyers who recognize optimum buying conditions in which there are low interest rates and an abundant selection of homes on the market.

Tags:, , , ,
Posted in Real Estate News | No Comments »

Affordability Remains High

Friday, May 8th, 2009

NAR’s Housing Affordability Index remained near record highs.

The affordability index was 166.7 in March – down from an upwardly revised record of 174.4 in February due to higher home prices in March. The index remains 30.8 percentage points higher than a year ago.

The HAI is a broad measure of housing affordability using consistent values and assumptions over time, which examines the relationship between home prices, mortgage interest rates and family income; tracking began in 1970.

NAR President Charles McMillan says the increase in buying power is quite remarkable.

“Compared to a year ago, the typical family can pay much less in mortgage costs for the same home, or buy a better home without necessarily increasing their monthly payment,” he says. “For buyers who’ve been on the sidelines and have good jobs, the market has never looked more favorable. Homeownership has always offered immediate benefits and long-term value, but the advantages in today’s market are unique.”

A median-income family, earning $61,100, could afford a home costing $291,600 in March with a 20 percent down payment, assuming 25 percent of gross income is devoted to mortgage principal and interest.

Affordability conditions for first-time buyers with the same income and small down payments are roughly 80 percent of that amount. The affordable price was notably higher than the median existing single-family home price in March, which was $174,900.

Source: NAR

Tags:, , ,
Posted in Real Estate News | No Comments »

6 Reasons Why It’s a Good Time to Buy

Friday, April 10th, 2009

The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.
1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn’t owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available.

2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn’t soar.

3. Borrowers leverage their investment. If you put $10,000 into the stock market and it earns 10 percent, you’ve earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you’ve made $10,000.

4. When prices come back up, you’ll have instant equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.

5. Mortgage costs stay the same. If you get a fixed-rate mortgage, the monthly payment stays the same – while everything else, including rent, goes upward.

6. You own it. There is something comforting in the notion that your home is your own. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.

 

 

 

Tags:, , ,
Posted in Real Estate News | No Comments »