Money Monday: Good news for home buyers

Incomes are finally rising faster than home prices.

Photo from Pictures of Money

Photo from Pictures of Money

“For the first time since 2011, incomes rose faster than home prices in the U.S., according to a new report from Zillow.

“The median home price climbed to $188,100 in August, a 5% increase from the same time a year ago.

“And last week, the Census Bureau reported that median household income increased to $56,516 in 2015, up 5.2% from 2014.”

CNN. “Here’s some good news for house hunters.”  http://money.cnn.com/2016/09/22/real_estate/incomes-rise-faster-than-home-values

Read more of this article at CNN here.

San Diego County Events for September 23 – 25

This weekend, get out in this warm weather and enjoy your time out — once again, San Diego County has a great calendar of events and activities!

San Diego county events this weekendSan Diego Restaurant Weeksd-restaurant-week-2016

Delicious food at better prices comes again to San Diego! San Diego Restaurant Week starts this Sunday, and closes October 2, so enjoy these restaurants’ offerings while you can!

When: Sept. 25 – Oct. 2, 2016
Where: Various San Diego County restaurants
Cost: Varying prices
More information: www.sandiegorestaurantweek.com/restaurants


Julian Apple Days Festival

As part of Julian’s Apple Days Celebration, a two-day Apple Days Festival will be held Sept. 24 & 25, 2016 at Menghini Winery.

The festival will feature apple displays, music and dancing, an antique tractor display, children’s games and activities, gold panning demonstrations, a beer and wine garden, food and merchandise vendors, and contests.

When: Saturday & Sunday, Sept. 24 & 25, 2016
Where: Menghini Winery | 1150 Julian Orchards Dr., Julian, CA 92036
Cost: Free – $5
More information: visitjulian.com/to-see-do/special-events/apple-days


35th Annual Adams Avenue Street Fair

The 35th annual Adams Avenue Street Fair – featuring 90 musical acts on seven stages – is Southern California’s largest free two-day music festival. The event will feature three beer gardens, giant carnival rides, exotic foods and more than 300 exhibitors.

When: Saturday, Sept. 24, 10am – 10pm and Sunday, Sept. 25, 10am – 7pm
Where: The community of Normal Heights | Adams Avenue , Adams Ave. & 32nd Street, San Diego, CA
Cost: Free
More information: www.adamsavenuebusiness.com/event-info/adams-avenue-street-fair


27th Annual Fall Home/Garden Show

orchidsThe Fall Home/Garden Show is this weekend. Come see real gardens and the people who created them; buy plants directly from the growers in the Garden Marketplace; browse the vendor displays for the latest home products. From structure to systems to furnishings and artwork, it’s all at the show.

This event is perfect for home buyers and home owners! Whatever your next house or garden project…you’ll find the experts at the San Diego Fall Home/Garden Show.

When: Friday – Sunday, Sept. 23 – 25, 2016
Where: Del Mar Fairgrounds | 2260 Jimmy Durante Boulevard, Del Mar, CA
Cost: Free – $8
More information: fallhomegardenshow.com


Art & Craft Show Old Town

Fine art, music, food, craft beer and wine come together every year along the scenic road of San Diego Avenue in Old Town, Calif for the Art & Craft Show Old Town in San Diego — a FREE weekend event this weekend. There will be art on display, a great entertainment line-up, special exhibits, and a wine and craft beer garden.

When: Saturday & Sunday, Sept. 24 & 25 | 10am – 6pm
Where: Along San Diego Ave. in Old Town; from Conde Street into the Old Town San Diego State Historic Park
Cost: Free
More information: oldtownartfestival.org


14th Annual Vista Viking Festival

The Vikings conquer Vista again at the 14th Annual Vista Viking Festival, where there will be a great round-up of unique activities and entertainment! Check out the fish fling, Viking log toss, Scandinavian folk dancing, and more, along with the battle cry, horn bowing and beard contests!

When: Saturday & Sunday, Sept. 24 & 25 | 10am
Where: Norway Hall | 2006 East Vista Way, Vista , CA 92084
Cost: $2 – $8
More information: www.vikingfestivalvista.com

Money Monday: Declining 30-year mortgage rates

Source: Associated Press

mortgage rates and property taxesLong-term U.S. mortgage rates edged lower this week. As rates remain at historically low levels, homeowners taking advantage of the chance to refinance their mortgages have pushed up refinancing activity.

Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage declined to 3.44 percent from 3.46 percent last week. The average rate is down from 3.90 percent a year ago, and is close to its all-time low of 3.31 percent in November 2012. The 15-year fixed mortgage rate eased to 2.76 percent from 2.77 percent.

Full story: finance.yahoo.com/news/us-average-30-mortgage-rate-144315073

San Diego County Events for September 16 – 18

What a beautiful weekend to enjoy in San Diego County! See if any of the following events suit your style — there’s so much to do around San Diego! If you’re looking for more things to do, check out my list of the top 20 must-do activities to do in San Diego here!

San Diego county events this weekendGI Film Festival

Scheduled for September 14 – 18, 2016, the festival brings the stories of America’s military to life through film.  The GI Film Festival San Diego will feature film screenings, panel discussions, a family movie night, and awards ceremony.  Festival organizers are excited to bring back the Local Film Showcase, highlighting San Diego’s local military culture.

When: Thursday – Sunday | September 14 – 18, 2016
Where: Various venues
Cost: Most screenings are priced at $10 per ticket; there are discounts available for active duty military and veterans.
More information: gifilmfestivalsd.org/2016


32nd Annual California Coastal Clean-Up Day

Join 8,000 volunteers for this countywide cleanup project as we beautify 100+ cleanup sites countywide.

When: Saturday, September 17 | 9am – 12pm
Where: Across 100+ Clean-Up Sites in San Diego County
Cost: Free
More information: 32nd Annual California Coastal Clean-Up Day


Landlubbers Day

A celebration of all things pirate in honor of Talk Like a Pirate Day. We encourage young and old to throw on their best pirate attire for a day of eye patches, parrots and walking the plank!

Held Saturday, September 17 from 1 to 4 p.m., the free event features live music from the Jackstraws, San Diego’s own pirate-themed band; a “Talk Like a Pirate” and costume contest; arts and crafts; a mermaid grotto with mermaids available for photos and pirate’s booty food and drink specials from the Seaport Village eateries.

When: Saturday, September 17 | 1 – 4pm
Where: Seaport Village | 849 West Harbor Dr., San Diego, CA 92101
Cost: Free
More information: Landlubbers Day


San Marcos Serbian Food Festival

“The Serbian Church on Knob Hill opens its doors once again for their upcoming 5th Annual Serb Fest. In just over 2 weeks the St. Petka Serbian Orthodox Community of San Marcos will be showcasing their hospitality through food, religion, culture and wholesome family fun.

Parish Priest, Father Milovan Katanic says, ‘We invite all of our neighbors in San Marcos and the entire North County area, to come and sample a bit of our warm culture. Enjoy fresh, hot BBQ lamb, pig and chevaps- our famous spicy sausages; elegant, homemade European pastries and desserts, along with live music, dancing, a Kids Zone with rides and games, multiple folklore groups performing, church tours and, this year a cool, new feature: A special Nikola Tesla Exhibit, with LIVE TESLA COIL DEMONSTRATIONS, hosted by historian and Tesla expert Dr. Michael Pravica, Associate Professor of Physics at the University of Nevada.’

When: Saturday & Sunday, September 17 & 18 | 12pm
Where: St. Petka Serbian Orthodox Church | 1854 Knob Hill Rd, San Marcos
Cost: Entrance fee is $4 for adults; kids under 12 enter free
More information: San Marcos Serbian Food Festival


Mira Mesa Street Fair

One of Mira Mesa’s busiest streets will transform into a blocks-long festival featuring booths, foods around the world, entertainment, a carnival and crafts and games. If you’re 21 or older, feel free to enjoy a beer garden near the food court and music stage. The family-friendly festival runs from 10 a.m. to 5 p.m. and admission is free.

When: Saturday, September 17 | 10am
Where: Camino Ruiz, from Mira Mesa Blvd. to New Salem Street
Cost: Free
More information: Mira Mesa Street Fair 

Call Me for Residential Real Estate!

Now that an exciting high school, college and NFL season is upon us, residential real estate has been even more exciting this year! Sellers and buyers are reaping the profits of sales and benefits of purchasing NOW with interest rates still near historic lows.

football-field

It’s time — and your turn to get in the game and score your touchdown today! Don’t be left on the sidelines; call me now!

If you know someone looking to sell or buy, rest assured you know that they’re with the #1 Team!

Money Monday: Housing affordability worry

Homebuyers getting more anxious about affordability

Source: Investors Business Daily

Homebuyers in the U.S. are growing more anxious about their ability to afford a dwelling of their own, and that’s especially true of millennials, says a new survey from Redfin. Another concern they have is high rent, with nearly half of first-time homebuyers surveyed saying that it pushed them into the housing market. And while low inventory was blamed as a major factor in July’s drop in sales of existing homes, that was third on the list of homebuyers’ worries, after affordability and competition from other shoppers.

money house

Making sense of the story

In previous surveys, the second- and third-most cited concerns made up a far higher percentage of total responses. Last year it was 31.4 percent, while in May it was 33.5 percent. In other words, affordability is gaining prominence as the number one concern among buyers.

Among the 1,887 homebuyers participating in the Redfin survey, those who said affordability
was their biggest concern grew to 28.1 percent this summer, compared to 26.6 percent a year ago. Anxiety about competition in the market again got the next-biggest share of responses, but it was cited by only 13 percent this year, compared to 17 percent in 2015.

Worry about lack of inventory again was third, but fell 2 percentage points — from 14.4 percent
of responses to 12.4 percent. The only other response reaching double digits was the share of
homebuyers who had “no concerns,” which increased slightly to 10.4 percent from 9.5 percent.

Among millennial homebuyers, nearly a third said affordability was their top concern. About half that number (16 percent) expressed worry about competition from other buyers, while about 1 in 8 (12 percent) were most troubled about the available housing inventory. And slightly more than 1 in 10 said they were the most uneasy about coming up with a down payment.

Full story: www.investors.com/news/real-estate/homebuyers-getting-more-anxious-about-affordability-redfinsays

San Diego County Events for September 9 – 11

There are several free, local events in San Diego county cities this weekend! Take a nature walk in San Diego, have dinner and a concert in El Cajon, and explore Mexican heritage in Escondidio. Find details on these and more events below!

San Diego county events this weekendFall Home Decor, Gift, and Craft Show

All sorts of decor, gift, and craft items created by local artisans!

When: Friday, September 9, 9am – 6pm | Saturday, September 10, 9am – 3pm
Where: La Mesa Community Center | 4975 Memorial Drive, La Mesa, CA 91941
Cost: Free
More information: www.sandiegoreader.com/events/2016/sep/09/fall-home-decor-gift-craft-show


El Cajon’s Dinner & Concert

Check out El Cajon’s Dinner and A Concert; in the heart of beautiful Downtown El Cajon. This week they are featuring The Soul Persuaders. Funk and Soul Music to get you movin’, all live on the Prescott Promenade. Join thousands and have lots of fun. Local restaurants serve up great food, so you can enjoy your concert in style.

When: Friday, September 9 | 6 – 8pm
Where: Prescott Promenade in downtown El Cajon
More information: downtownelcajon.com/events/dinner-and-a-concert-2016-09-09


52nd Annual Poway Days Parade

The 52nd Annual Poway Days Parade will be taking place on Saturday, September 10th, 2016!  Parade time begins at 9:00 am and starts from Pomerado Road and Poway Road and continues to Bowron Road. This year’s theme is “Literacy: Read, Lead, Succeed.”

When: Saturday, September 10 | Beginning at 9am
Where: Poway Road, Poway, CA
Cost: Free
More information: www.powaydaysparade.org


Herencia Mexicana Festival

Mexican culture and tradition will be celebrated at the Herencia Mexicana Festival — a free family event with mariachis, music, dancing and more.

When: Saturday, September 10 | 10am – 6pm
Where: Grape Day Park |321 N. Broadway, Escondido, CA 92025
Cost: Free
More information: visitescondido.com/mc-events/herencia-mexicana-festival-at-grape-day-park


Brazilian Day San Diego

It’s the largest Brazilian festival on the West Coast — with plenty of entertainment, fun, and music! Event highlights include: arts and crafts, live music, performances, food, a beer garden, carnival parade, kids’ zone, and more.

When: Saturday, September 10 | 11am – 7pm
Where: Belmont Park | 3146 Mission Blvd, San Diego
Cost: Free
More information: www.braziliandaysandiego.com


Guided Nature Walk: Chicken Thief

Join an MTRP Trail Guide on a guided nature walk and learn about the plants, animals, geology, history, and ecology of the park on one of their scenic trails. These interpretive nature walks are offered to enhance your appreciation of the unique beauty of San Diego’s natural environment.

Walks start from the Visitor Center every Saturday, Sunday, and Wednesday at 9:30 a.m.  Walks are free and open to the public, with no reservations required.

When: Sunday, September 11 | 9:30am
Where: Mission Trails Regional Park Visitor’s Center | 1 Father Junipero Serra Trail, San Diego, CA 92119
Cost: Free
More information: www.mtrp.org/events

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It’s Labor Day!

Celebrating American workers!

First United States Labor Day Parade, September 5, 1882 in New York City.

First United States Labor Day Parade, September 5, 1882 in New York City.

“Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country” (“History of Labor Day.” Department of Labor. https://www.dol.gov/general/laborday/history).

Enjoy the holiday! (Perhaps with a San Diego event?)

Thank you for working so hard to make our country an even better one!