Author Archives: John A Silva

About John A Silva

As your professional real estate adviser, I focus on client satisfaction. My business is about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you getting the most out of selling your home I am here to guide you. If there is anything you need, please let me know via email at

July 2017 Real Estate Market Report

Existing-Home Sales Slide 1.3 Percent in July

real estate market update for July 2017Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the South and West, according to the National Association of Realtors®.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 1.3 percent to a seasonally adjusted annual rate of 5.44 million in July from a downwardly revised 5.51 million in June. July’s sales pace is still 2.1 percent above a year ago, but is the lowest of 2017.

Lawrence Yun, NAR chief economist, says the second half of the year got off on a somewhat sour note as existing sales in July inched backward. “Buyer interest in most of the country has held up strongly this summer and homes are selling fast, but the negative effect of not enough inventory to choose from and its pressure on overall affordability put the brakes on what should’ve been a higher sales pace,” he said. “Contract activity has mostly trended downward since February and ultimately put a large dent on closings last month.”

“Home prices are still rising above incomes and way too fast in many markets,” said Yun. “Realtors® continue to say prospective buyers are frustrated by how quickly prices are rising for the minimal selection of homes that fit buyers’ budget and wish list.”

According to Freddie Mac, the average commitment rate (link is external) for a 30-year, conventional, fixed-rate mortgage rose to 3.97 percent in July from 3.90 percent in June. The average commitment rate for all of 2016 was 3.65 percent.

To read the rest of this article, visit here

Money Monday: Financial priorities of the generations

Each generation has a different priority when it comes to their finances.

Our nation’s different generations (centennials, millennials, xers, boomers, matures) place five categories in different order of importance. While some focus on building a nest egg, others concentrate on paying down debt, keeping a budget and controlling spending, saving money for emergencies or what-ifs, or saving for something specific.

Financial priorities of the generations

This inforgraphic is from the CALIFORNIA ASSOCIATION OF REALTORS.

San Diego County Events for September 15 – 17

Take a look at the fantastic family activities and events in San Diego County below!

San Diego county events this weekendTaste of South Park

With purchase of a Tasting Passport, guests can sup and sip their way along the 30th St and Fern St corridor, sampling bites from all participating South Park brick-and-mortar eateries, featuring local and national award-winning locations!

As a bonus, guests will get a taste of the diverse boutiques and shops lining the streets of South Park between bites.

When: Saturday, Sept. 16 | 12 – 4pm
Where: Grape Street Square | 1946 Fern St, San Diego, CA 92102
Cost: $35 – $40
More information:

Summer Movies in the Park

Summer Movies in the Park is a series of free outdoor movie screenings in community parks and recreation centers throughout San Diego.

Movies begin at dusk, which is about 15 minutes after sunset. People are encouraged to come early for picnics and activities.

This Friday’s (Sept. 15) free movie (find locations via the schedule link) includes:

  • Sing

When: Ongoing from now until October 28, 2017
Where: Parks and recreation centers throughout San Diego County | tonight’s showing is at Skyline Hills Community Park
Cost: FREE!
More information: Summer Movies in the Park; schedule here

Best of the Best Film Festival

This two-evening program features a variety of fiction and documentary short films by the students of SDSU’s acclaimed Television, Film, and New Media Production program.

This evening features 90-minutes of new work, and highlights from past festivals.

When: Friday, Sept. 15 | 7:30pm
Where: Don Powell Theatre at SDSU | 5500 Campanile Dr., San Diego
Cost: $10
More information:

Dinner And A Concert: Siren’s Crush

One of El Cajon’s premier events, the Dinner and a Concert Series is back again this year for another stay in the center of Downtown El Cajon. Dinner and A Concert is a weekly concert and dance hosted by Downtown El Cajon Business Partners, performed on the Prescott Promenade, which is surrounded by a variety of restaurants.

When: Friday, Sept. 15 | 6pm
Where: Prescott Promenade | 201 E Main St., El Cajon, CA 92020
Cost: Free
More information:

Barrios Hermanos Blvd Market

Attendees to the BLVD Market, held at the intersection of El Cajon Boulevard and Utah Street, will enjoy craft beers, bilingual rock band Karina Frost and her Banduvians, food, local businesses and low-riders.

When: Friday, Sept. 15 | 6pm
Where: 2855 El Cajon Blvd, San Diego, CA
Cost: Free
More information:


The Chicano Federation is celebrating National Hispanic and Latino Heritage month with ¡Celebra! a fun-filled salsa dancing evening.

This event will feature salsa dance lessons by the renowned dance instructor, Michael John Saltus, appetizers, beer, wine, opportunity drawings and more.

When: Friday, Sept. 15 | 7pm
Where: Queen Bee’s Art & Cultural Center | 3925 Ohio St, San Diego
Cost: Free
More information:

Fiestas Patrias: Old Town

Old Town San Diego State Historic Park celebrates Mexican Independence Day on Saturday with Fiestas Patrias, a free, family-friendly event that includes piñatas, crafts, living history demonstrations, traditional music, dance groups and other activities throughout the park highlighting life for early settlers in the 1830s and 1840s.

When: Saturday, Sept. 16 | 12 – 4pm
Where: Old Town State Historic Park | 4002 Wallace St, San Diego, CA 92110
Cost: Free
More information:

Landlubbers Day

Avast, me hearties! In celebration of International Talk Like a Pirate Day, Seaport Village is hosting the third annual Landlubbers Day, a festive celebration of all things pirate. Held Saturday, September 16 from noon to 4 p.m. the free event features live music from the Jackstraws, San Diego’s very own pirate-themed band; costume and “Talk Like a Pirate” contests for kids, adults and pets; a mermaid grotto; arts and crafts; and food and drink specials from Seaport Village shops and eateries.

When: Saturday, Sept. 16 | 12 – 4pm
Where: Seaport Village | 849 W Harbor Dr, San Diego, CA 92101
Cost: Free
More information:

Fiestas Patrias: Chula Vista

Music, cultural dance performances and tasty food! Chula Vista’s Fiestas Patrias runs from 11 a.m. to 6 p.m. Sunday and features more than 20 musical and cultural dance performances, all with a beautiful view of the city’s Marina and shopping district. Enjoy yummy food, face painters, kids shows, carnival lane, a children’s area and interactive zones as well. It’s a fun day for the entire family.

When: Sunday, Sept. 17 | 11am
Where: H Street, Chula Vista, CA
Cost: Free
More information:

If these aren’t enough events, check out my list of the top 20 must-do activities to do in San Diego here!

Money Monday: the Equifax hack

Worried about the Equifax hack?


“The names, Social Security numbers, birth dates, addresses, and driver’s license numbers for 143 million people may have been accessed. That kind of information could be used by someone else to open bank accounts, credit cards and loans in your name.

“The credit card numbers of an additional 209,000 people were also accessed. Those people will be notified directly. Everyone else must go to a website created by Equifax and submit their last name and last six digits of their Social Security number to find out if they were affected.” (“5 things to do right now if you’re worried about the Equifax hack.” 10 Sept. 2017. CNN Money.

If you’re worried, here are some things you can do right now:

  1. Check your free credit reports to see if anything shows up
  2. Put a fraud alert on your credit reports and credit cards
  3. Pay attention to your bank accounts and credit cards for any suspicious purchases or withdrawals

Read more of CNN’s suggestions here: “5 things to do right now if you’re worried about the Equifax hack.”

San Diego County Events for September 8 – 10

Several San Diego festivals are happening this weekend; check out the Greek Festival, go to the Brewfest, or attend one of the other ones below!

San Diego county events this weekendSan Diego Blues Festival

The San Diego Blues Festival features members of the Blues Hall of Fame, a Grammy Award winner and many other blues acts. This year the family-friendly event will feature 9 musical acts on two stages featuring the talents of the California Honeydrops, Joe Louis Walker, and Grammy award-winning artist Mavis Staples. Festival attendees will enjoy local craft beer, food vendors, specialty cocktails and wine, along with arts and crafts vendors. All proceeds and food drive donations will benefit the Food Bank.

When: Saturday, Sept. 9 | 12 – 8pm
Where: Embarcadero Marina Park North | 400 Kettner Boulevard, San Diego, CA 92101
Cost: $25 – $250; kids 12 and under free
More information:

Cardiff Greek Festival

Be Greek for the day and enjoy authentic food, music, live entertainment, dancing, children’s activities and more the Annual Cardiff Greek Festival.

When: Saturday, Sept. 9, 10am – 10pm | Sunday, Sept. 10, 10:30am – 9pm
Where: Sts. Constantine and Helen Greek Orthodox Church | 3459 Manchester Avenue, Cardiff by-the-Sea, CA 92007
Cost: $3; 12 and under free
More information:

4th Annual Carlsbad Brewfest

Carlsbad Brewfest celebrates craft beer with tastings from more than 30 San Diego & national breweries, music, entertainment, games & food vendors.

When: Saturday, Sept. 9 | 12 – 4:30pm
Where: Holiday Park | 3400 Pio Pico Dr., Carlsbad, CA 92008
Cost: $10 – $50
More information:

La Mesa’s Second Saturday Concert Series

The Second Saturday Concert Series returns to La Mesa Library! They will kick off this new season with local singer-songwriter Jim Earp on September 9.

When: Saturday, Sept. 9 | 1pm
Where: La Mesa Library | 8074 Allison Ave, La Mesa, CA 91942
Cost: Free
More information: See their post on Facebook

Pizza and Beer Festival

Guests will experience unlimited tastings of pizza from some of the top restaurants & food trucks in Southern California as well as unlimited tastings of craft beer from local and regional breweries.

When: Saturday, Sept. 9 | 2 – 5pm
Where: Port Pavilion on Broadway Pier | 1000 North Harbor Drive, San Diego, CA 92101
Cost: $45 – $55
More information:

Poway Community Day Festival

From parades to performances and from carnival rides to craft beer, there is something for everyone at Poway Days! The three-weekend event highlights local bands, performers, artisans, and eateries that will delight everyone and inspire residents to forge new community experiences.

Poway Days celebrates Poway and the surrounding area with unique foods and culture, promoting local businesses, and raising funds to give back to the community.

When: Saturday, Sept. 9 | 10:30am – 8pm
Where: Poway Community Park | 
Cost: Free
More information: Poway Community Day Festival

If these aren’t enough events, check out my list of the top 20 must-do activities to do in San Diego here!

Avoid Real Estate Regret

Buying a home is a big decision; make sure you don’t suffer from homebuyers’ regret by taking these things into consideration.

  • What is the neighborhood atmosphere at night, when everyone’s home?
  • How long will your commute be?
  • Take a look at the CC&Rs, or the homeowner association rules. Are there any that are a no-go for you?
  • If there are any specialty amenities on the property (like a septic system or pool), you may want to have an expert do a thorough inspection of them.

Avoid homebuyers' real estate regret

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS, at

Money Monday: Homebuying myths you need to avoid

Don’t fall for these 6 homebuying myths

home buying

“Buying a home is one of the biggest financial decisions you will make, and you’ll likely need to do a lot of planning and research before you take the leap. But don’t get snagged by misconceptions. Mortgage expert Tim Manni busts these six common real estate myths to help you find — and afford — your first home.”

  1. Your credit score is “good enough” to buy a home
  2. Loan pre-approval determines your price range
  3. Your home purchase is non-negotiable

Read the three other homebuying myths here, on Yahoo’s personal finance page: “Don’t fall for these 6 homebuying myths.”


San Diego County Events for September 1 – 4

If you’re here for the weekend in San Diego County, there’s lots to do and see this Labor Day Weekend! Check out these great events and family activities.

San Diego county events this weekendU.S. Sand Sculpting Challenge and Dimensional Art Exposition

The U.S. Sand Sculpting Challenge and Dimensional Art Exposition returns to downtown San Diego’s waterfront on Labor Day weekend, showcasing incredible works of art made with sand by sculptors from around the globe. The four-day event includes live entertainment, an exposition featuring goods made by artists, activities for the kids and gourmet food trucks.

When: Friday – Monday, September 1 – 4, 2017 | Open daily at 9am; closes at 5pm on Friday and Monday, and 7pm on Saturday and Sunday
Where: Broadway Pier and Pavilion | 1000 North Harbor Dr, San Diego, CA 92101
Cost: $9 – $15
More information:

Festival of Sail

The Festival of Sail, an annual Labor Day weekend tradition at the Maritime Museum of San Diego, returns this weekend with a fleet of tall ships sailing the San Diego Bay, cannon battles, family entertainment, a kids’ zone, bay cruises and food vendors.

When: September 1 – 4 | Friday 12 – 7pm, Saturday & Sunday 9am – 7pm, Monday 9am – 5pm
Where: Maritime Museum of San Diego & North Embarcadero | 1492 N Harbor Dr, San Diego, CA 92101
Cost: $9 – $11, free street fair area
More information:

47th Annual Barona Powwow

The three-day cultural celebration kicks off on Friday, Sept. 1 with Gourd Dancing at 6pm and an awe-inspiring Grand Entry of dancers in colorful regalia at 7pm. Over 1,000 Native American participants of all ages will showcase their dancing skills and musical talents as they compete for over $75,000 in prize money. Visitors to the Powwow will enjoy authentic Indian tacos and other delicious dishes, admire beautiful Native American arts and crafts, view dance exhibitions and competitions, and experience the richness of Barona’s Tribal heritage.

When: Friday – Sunday, September 1 – 3
Where: Barona Sports Park | 1932 Wildcat Canyon Rd., Lakeside, CA
Cost: Free
More information: 47th Annual Barona Powwow

Del Mar Summer Concert Series: The Revivalists

The American rock band formed in New Orleans, The Revivalists, will take the Seaside Stage on Friday, Sept. 1, 2017. The Revivalists are known for putting on an energetic live show equally steeped in instrumental virtuosity and charismatic vocal magnetism. The concert is free with paid stretch run general admission to the track, which is just $6, otherwise it’s $20.

When: Friday, September 1, 7pm
Where: Del Mar Fairgrounds | 2260 Jimmy Durante Blvd., Del Mar, CA
Cost: $6 – $20
More information:

Julian Arts Guild Fall Art Show

Join the Julian Arts Guild as we showcase the work of local Julian artists. Take in ceramics, oil painting, wearable fiber arts, gourds work, mixed media, watercolor and more.

When: Saturday – Monday, September 2 – 4 | 10am – 5pm
Where: Julian Town Hall | 2129 Main St., Julian, CA 92036
Cost: Free
More information:

Summer Movies in the Park

Summer Movies in the Park is a series of free outdoor movie screenings in community parks and recreation centers throughout San Diego.

Movies begin at dusk, which is about 15 minutes after sunset. People are encouraged to come early for picnics and activities.

This Friday & Saturday’s (Sept. 1 & 2) free movies (find locations via the schedule link) include:

  • Beauty and the Beast (2017)
  • The Wizard of Oz
  • The Secret Life of Pets
  • Pirates of the Caribbean: The Curse of the Black Pearl

When: Ongoing from now until October 28, 2017
Where: Parks and recreation centers throughout San Diego County
Cost: FREE!
More information: Summer Movies in the Park; schedule here

Julian’s Grape Stomp Fest

This Saturday, stomp on grapes once again at the 21st anniversary of the fiesta. Ten local wineries will be offering sips for sampling, plus a unique blend of food and shopping opportunities, all while you listen to charming Italian music.

When: Saturday, 11am
Where: Menghini Winery | 1150 Julian Orchards Dr, Julian, CA 92036
Cost: $5 – ages 6-20, $15 for adults
More information: Julian’s Grape Stomp Fest

If these aren’t enough events, check out my list of the top 20 must-do activities to do in San Diego here!