Home Buying

In what year do you sense the next economic recession will hit California? 2020-2021. (38%, 231 Votes) 2019. (37%, 230 Votes) 2022-2023. (15%, 90 Votes) 2024 or later. (10%, 63 Votes) Total Voters: 614 As we head into 2018, we find ourselves a full decade out from the last debilitating U.S. recession. The...

California stands tall among other states in terms of economic standing and agreeable living. A desirable state to live in, each year hundreds of thousands of new residents arrive in California from other states. What defines these residents — and what about the people leaving...

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...