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 johnasilva@sbcglobal.net.

California Pending Home Sales Increase Moderately

Led by Southern California, state’s pending home sales trends in December.

Source: CALIFORNIA ASSOCIATION OF REALTORS®

Led by the Southern California region, California pending home sales registered gains on a month-to-month and year-to-year basis, portending a moderate increase in sales in the near term, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.housing market forecast

The modest sales growth is unlikely to be sustained, however, given the severe shortage of homes for sale and affordability concerns, as indicated in C.A.R.’s December Market Pulse Survey**, which saw fewer listing appointments and less open house traffic.

Based on signed contracts, statewide pending home sales increased in December on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* rising 1.9 percent from 115.8 from December 2015 to 118.1 in December 2016 – even with new mortgage rules that pushed sales higher December a year ago.

  • On a monthly basis, California pending home sales were up 3.3 percent from the November index of 114.4.
  • Southern California saw the largest increase in pending sales last month, rising 7.8 percent on an annual basis and decreasing 16.1 percent on a monthly basis.
  • On the flip side, in the San Francisco Bay Area as a whole, tight housing supplies and low
    affordability contributed to a fall in pending sales of 14.2 percent compared to December 2015 and 32.5 percent from November.
  • Overall pending sales in the Central Valley improved 0.9 percent from December 2015 and were down 18.4 percent from November.
  • The share of homes selling below asking price fell from 57 percent a year ago to 43 percent in December. Conversely, the share of properties selling above asking price increased to 23 percent from 18 percent in December 2015. The remaining 34 percent sold at asking price, up from 25 percent in December 2015.
  • For homes that sold above asking price, the premium paid over asking price rose to 11 percent, up from 8.4 percent in November and 9.2 percent a year ago.
  • The 43 percent of homes that sold below asking price sold for an average of 22 percent below asking price in December, double the November figure of 11 percent, and was up from 13 percent from a year ago.

Read the full story: www.car.org/newsstand/newsreleases/2017releases/dec2016pending

Money Monday: Mortgage rates decline for the third week

mortgage ratesMortgage rates dropped for the third week in a row after rising significantly after President-elect Donald Trump won the election, however, the 10-year Treasury did see an increase.

“After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report,” Freddie Mac Chief Economist Sean Becketti said.

The 30-year fixed-rate mortgage decreased yet again to 4.09 percent for the week ending Jan. 19, 2017. This is down from last week’s 4.12 percent but still up from last year’s 3.81 percent.
The 15-year FRM decreased from last week’s 3.37 percent to 3.34 percent this week. This is still up from last year’s 3.1 percent.

Read the full story: www.housingwire.com/articles/38992-freddie-mac-mortgage-rates-hit-third-straight-week-ofdeclines

San Diego County Events for January 20 – 22

Explore San Diego via the events below! 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 weekendWinter Wonderland

Get your winter gloves on because snow is coming to Grossmont Center at the Winter Wonderland! They are bringing 10 tons of snow to the parking lot between Chuze Fitness and Fuddruckers.

When: Saturday, Jan. 21 | 11am – 1pm
Where: Grossmont Center | 5500 Grossmont Center Dr, La Mesa, CA 91942
Cost: Free
More information: www.grossmontcenter.com/event/winter-wonderland


San Diego Restaurant Week

San Diego Restaurant Week 2017It’s finally back! For eight days, over 180 restaurant will have deals for San Diego Restaurant Week. Check out www.sandiegorestaurantweek.com for details and which restaurants will have deals.

When: Sunday, January 15 – Sunday, January 22, 2017
Where: Over 180 restaurants
Cost: Various pricing
More information: www.sandiegorestaurantweek.com


On the Chocolate Trail

Culinary Historians of San Diego will present “On the Chocolate Trail,” featuring Debbie R. Prinz, at 10:30 a.m. on January 21, in the Neil Morgan Auditorium of the San Diego Central Library.

Prinz promises to illustrate the ways faith traditions share consumption, ritual and business interests in chocolate over many centuries, countries and cultures.

When: Saturday, Jan 21 | 10:30am
Where: San Diego Central Public Library – Neil Morgan Auditorium | 330 Park Blvd., San Diego, CA
Cost: Free
More information: www.sandiego.gov/public-library


Caffeine Crawl San Diego

It’s time for the fourth annual Caffeine Crawl San Diego – one of the most exciting coffee events on the West Coast this year! Explore your local coffee, tea and chocolate scene on a route of your choice, with over 25 local roasteries and cafes hosting.

When:  Fri, Jan 20, 1 – 5pm | Sat, Jan 21, 9am – 4:30pm | Sun, Jan 22, 1am – 5pm
Where: All over San Diego
Cost: $28 – $36
More information: www.caffeinecrawl.com/san-diego-2017

Money Monday: Why you should file taxes earlier

Yes, the tax filing deadline of April 18th is a ways off still, but there are some good reasons not to wait until the last minute.

  1. You’ll have time to look into the new changes for the tax laws.
  2. You’ll probably get your refund faster.
  3. You’ll protect yourself from tax fraud.

Read Forbes’ full article on why you should file for taxes early.

San Diego County Events for January 13 – 15

Fill up your San Diego weekend with family-friendly activities and fun events! The San Diego Restaurant Week starts up on Sunday, there’s a fantastic Martin Luther King, Jr. parade in downtown, and more! And if these aren’t enough events, check out my list of the top 20 must-do activities to do in San Diego here!

San Diego county events this weekendPoway Park’s Winter Festival

Experience the magic and charm of winter like never before! Join Poway for their Winter Festival on Friday and Saturday at Poway Community Park. There will be a snow hill, s’mores, ice skating, and vendors with great products. The Winter Festival brings to life all of the charm and entertainment of a cold-mountain town, set right in Poway.

When: Friday, January 13, 5 – 9pm | Saturday, January 14, 3:30 – 8:30pm
Where: Poway Community Park | 13094 Civic Center Drive, Poway, CA 92064
Cost: Free
More information: poway.org/calendar.aspx?EID=596


San Diego Restaurant Week

San Diego Restaurant Week 2017It’s finally back! For eight days, over 180 restaurant will have deals for San Diego Restaurant Week. Check out www.sandiegorestaurantweek.com for details and which restaurants will have deals.

When: Sunday, January 15 – Sunday, January 22, 2017
Where: Over 180 restaurants
Cost: Various pricing
More information: www.sandiegorestaurantweek.com


San Diego Multi-Cultural Festival

The San Diego Multi-Cultural Festival will showcase San Diego’s rich cultural diversity and traditional heritage through live music, dance performances, storytelling, children’s activities (drum circles, face painting and crafts), and a wide range of ethnic vendors. The festival is free and open to the public and is being held at San Diego’s beautiful downtown waterfront park at the corner of Harbor Drive and Pacific Highway.

When: Saturday, January 14 | 11am – 5pm
Where: Ruocco Park | 585 Harbor Lane, San Diego, CA 92101
Cost: Free
More information: www.sdmulticultural.com


37th Annual Martin Luther King Jr. Day Parade

The 37th Annual Martin Luther King Jr. Parade is one of the largest celebrations of its kind in the United States in honor of Dr. Martin Luther King Jr. The parade is filled with dazzling floats, phenomenal High School Bands, Drill Teams, College, Fraternities & Sororities, Churches, Peace and Youth organizations.

When: Sunday, January 15 | 2pm
Where: Harbor Drive – Embarcadero | Harbor Drive, San Diego, CA 92101
Cost: Free
More information: www.alpha-zsl.org/mlkdayparade

Those Who Make Sense of Community

Those who earn more have a greater sense of community where they live and work.

This higher the income, the bigger percentage of people who feel in community, both where they live and where they work.

Making sense of community in real estate infographic

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Money Monday: Financial changes to build wealth

January is the perfect time of the year to plan ahead; especially when it comes to finances.

Forbes has a whole list of financial resolutions to make; here are some of the best suggestions:

  • Make a budget and stick to it
  • Review your credit card/financial statements and see what you can cut out
  • Refinance your mortgage
  • Get a will or living trust
  • Start investing

Read all 27 of their suggestions here: “27 Financial New Year’s Resolutions To Build Wealth“.

San Diego County Events for January 6 – 8

It’s the first weekend of the new year, with some great San Diego County events!

San Diego county events this weekend‘Kick Start’ Art Exhibition: Opening Reception

“Kick Start” is the latest art exhibition on display at the San Diego Watercolor Society’s gallery in the Arts District at Liberty Station. The exhibition’s opening reception is Friday night and will feature about 100 ready-to-hang paintings for sale, plus a chance to mix and mingle with fellow art enthusiasts over some wine and snacks.

When: Friday, Jan 6 | 5 – 8pm
Where: San Diego Watercolor Society Gallery at Liberty Station | 2825 Dewey Rd #105, San Diego, CA 92106
Cost: Free
More information: www.sdws.org


Masters of Illusion

Experience a night full of magic, excitement, mystery, and suspense with Farrell Dillon, Greg Gleason, Michael Turco and Jonathan Pendragon, four stars of the hit CW TV series “Masters of Illusion.” Watch as they perform their best illusions in front of a live audience, without assistance from camera or computer gimmickry!

When: Friday, Jan 6 | 9pm
Where: Harrah’s Resort SoCal – The Events Center | 777 Harrah’s Rincon Way, Valley Center,  CA  92082
Cost: $65 – buy tickets here
More information: www.ticketmaster.com/Harrahs-Resort-SoCal-The-Events-tickets-Valley-Center/venue/82764


Who Dunnit?

Seaport Village is a scavenger hunt style Murder Mystery Adventure that lasts approximately 2 hours. You will visit several of Seaport Village’s most popular destinations while solving a murder mystery. This tour is an interactive self-guided tour with check-in points along the way.

When: Saturday, Jan 7 | 4pm
Where: Seaport Village | 849 West Harbor Dr, San Diego, CA 92101
Cost: $25
More information: murdernmayhem.com/mysteryparties/tours/who-dunnit-seaport-village


San Diego Beer Festival

The 7th annual San Diego Brew Fest returns to Liberty Station, and promising another fun filled day with beer, food trucks, and music. The event will feature dozens of local local and international craft beers, as well as San Diego’s most popular food trucks (food sold separately).

When: Saturday, Jan 7 | 12 – 4pm
Where: NTC Park at Liberty Station | 2455 Cushing Road, San Diego, CA
Cost: $45 for general admission (1pm to 4pm) and $55 for VIP (noon to 4pm) and includes beer tastings.
More information: sandiegobeerfest.com