Home Buying

Putting a 20% mortgage downpayment is all but dead. For first time buyers, most put down far less than 20% down when purchasing a home. Most buyers make down payments lower than 20% “It’s been my experience that about half of my clients know that there...

First-time homebuyers have a recorded tendency to overpay on their home purchase. A report by the Federal Housing Finance Agency (FHFA) identifies three reasons for overpayment by first-time homebuyers: first-time homebuyers are more eager to purchase than repeat homebuyers; they are less likely to identify mistakes in an appraiser’s report;...

Home prices on the rise slightly in California’s largest cities in April 2017. Home prices rose compared to the prior month across low-, mid- and high-price tiers in San Diego, Los Angeles and San Francisco. State wide, the average for low-tier property prices was 9% higher than...

California home prices are the highest out of the 50 states in the U.S. as of 2017. This increase doesn't seem to be slowing down either. Although California's home prices may seem excessive to Americans, they aren't as steep when compared to those in other...

The average Months of Inventory based on Closed Sales for homes in Encinitas for May 2017 is 1.8 months, making it a Seller's market. Months of Inventory based on Closed Sales in May 2017: 1.8 • Down 18.6% compared to the last month • Down 9.8% compared to...

In California, the boom in urban construction is countered by a construction shortage in the suburbs — this has caused prices to rise well beyond area incomes. Residential construction is booming in the San Diego city center, but is there such a thing as too much construction in...

Home sales have plateaued throughout 2017, in California. 39,900 new and resale home transactions closed escrow during March, which was 5% higher than a year earlier in 2016. Last year ended with 457,900 home sales in California, which is 7,200 more sales than the previous year, but still 40% below...

April 2017 was a Seller's market for homes in San Diego's North County Coastal region, with 1145 units for sale and 613 closed. Home For Sale in April 2017: 1145 units. Up 7.4% compared to the last month Down 12.2% compared to the last year Home Closed...

The national average number of years someone should stay in their home to make financial sense over renting is 1 year and 11 months as of the end of 2016. This is 1 month longer than in 2015 and continues to lengthen. In California, this...