90% of San Diego Homeowners have Positive Home Equity

Only 10% of San Diego homeowners are currently underwater.

underwaterAttributed to the rising average price of homes in San Diego, fewer homes in the area are considered underwater. In fact, only 10 percent of homeowners in San Diego have negative home equity — 7 percent below the national average, according to Zillow.

San Diego ranks number six in the list of metropolitan areas with the lowest percentage of underwater homes. San Jose has the fewest with only 4.6 percent, followed by Austin, Houston, Los Angeles, Denver, and then San Diego.

Read more on this real estate update by viewing Times of San Diego’s article here.

Boomerang Buyers are Predicted to Make 10% of 2014 Purchases

understanding foreclosuresThose former homeowners who lost their home due to a foreclosure or a short sale a few years ago are now beginning to buy once more.

“Boomerang buyers who lost a home to a foreclosure or short sale between 2007 and 2013 are projected to make about 10 percent of all U.S. home purchases in 2014, according to John Burns Real Estate Consulting (JBREC)…According to JBREC, the number of boomerang buyers will increase in 2015 and 2016 as more former owners become eligible for new loans.” (“After losing their homes in the foreclosure crisis, boomerang buyers are back“, The Washington Post).

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Event: Ukrainian Independence Day Celebration

Ukrainian patriotic group “Maidan San Diego” invites you to celebrate Independence Day of Ukraine with an outdoor family style picnic in a beautiful park setting in Del Mar, CA.  Enjoy an afternoon of all things Ukrainian: Colorful dance performances, traditional art and crafts, and food like hot grilled sausage.Del Mar, CA

When: August 23, 11 am to 5 pm
Where: San Dieguito County Park (zone 2, Upper Park) | 1628 Lomas Santa Fe Dr, Del Mar, CA 92014
Cost: $10 event cover fee, children – free* | Parking is free on adjacent streets, $3 inside the park

San Diego County’s Foreclosures Still Low

foreclosuresDuring the month of July, both foreclosures and default notices in San Diego County remained low.

According to CoreLogic DataQuick, 139 properties were repossessed in the county in July, which is down from the 153 a year ago. And 446 default notices were filed in July; fewer than the 516 in July 2013. Continue reading

Don’t Do These 6 Things Once You’re Preapproved

6 things home buyers should avoid doing once they are preapproved for a mortgage

Source: Inman News

mortgage rates and property taxesIn order to keep your loan closing as smooth and hassle-free as possible, there are some simple steps to follow so there are no surprises while waiting for final approval. It’s important to remember that obtaining a home loan is a very interactive process, so avoid common pitfalls, like changing bank accounts or applying for new credit.

Read the full story: www.inman.com

Event: Chula Vista HarborFest 2014

This year’s Annual Harbor Fest in Chula Vista will have everything you could possibly want at a FREE, family-friendly celebration taking place on Saturday, August 16th, 2014 from 11:00AM to 8:00PM in Bayside Park. Enjoy the crisp ocean air and sweet summer sun while sampling mouthwatering seafood delicacies at this Bayside seafood tasting. You better have your dancing shoes ready to go so you can dance the day away and enjoy the tunes of some of San Diego’s favorite bands at one of our FOUR entertainment stages!

Chula VistaDon’t miss out on the chance to view some of San Diego’s historic vessels, most unique boats, and exotic automobiles which will be on display for all to enjoy with the breathtaking ocean views as a backdrop.

The Youth Zone and Stage will keep the kiddies entertained all day long featuring an interactive inflatable zone, arts and crafts, fishing off the pier, BMX riders, and music for them to get their groove on! The Youth Zone also gives them the chance to discover the seaside ecosystem with educational exhibits from The Living Coast Discovery Center.

When: August 16, 11:00am – 8:00pm

Where: J St. Park Bayside Marina | 999 Bayside Parkway, Chula Vista, CA 91910

Cost: Free

More info: www.cvharborfest.com

Homeowners Taking on Home Improvement Projects

1 out of 5 new homeowners did a remodeling project last year

Making your new house your own home is one of the perks of becoming a homeowner. And during the past year, 20% of new homeowners did just that: took on home improvement projects for their new homes.

During the past year, new homeowners spent a hefty $18 billion on home improvement projects Continue reading