Category Archives: Homebuyers

Money Monday: School districts when buying a home

“Purchasing a home is one of the biggest decisions a person can make during their lifetime…As back to school season approaches, a recent report from the National Association of Realtors highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.” Read more here at Housing Wire.

I’m curious — did you buy your home based on the school districts?

Open house: Don’t Miss it, a Bay Ocean View Diamond!

Do You Want To Lose Out on This? Seller Motivated!!

View 3572 Moultrie Ave, San Diego in person, today, 9/1/19 from 1-4.

Money Monday: California Housing Affordability in Q2

An an update on the California real estate market, California’s housing affordability for Q2 2019 is out from the CALIFORNIA ASSOCIATION OF REALTORS.

Here’s the recent real estate market update for California:

Money Monday: First Time Homebuyer Interest

According to a survey from Realtor.com, this spring was filled with home-buying interest, especially from the nation’s first-time buyers.

Read about it here: https://www.housingwire.com/articles/49674-first-time-homebuyers-want-to-buy-homes-but-their-wallets-are-saying-no

Money Monday: Understand credit score’s impact before buying a home

If you’re thinking of buying in the next few years, it pays to start thinking about — and building up — your credit score now.

mortgage rates and property taxes

Because having a mortgage is, for many people, the largest loan they attain. Read all of Forbes’ advice here: “Ready To Buy A Home? Understand The Impact Of Your Credit Score First.”

Money Monday: Homebuyers save as interest rates decline

Last week, 53.5% of borrowers received rates under 4.25%

“Mortgage borrowers who shopped around last week could’ve saved $42,137 over the life of a $300,000 loan, according to LendingTree’s Mortgage Rate Competition Index.” (Housing Wire. https://www.housingwire.com/articles/49318-americas-homebuyers-are-saving-big-as-interest-rates-continue-to-decline)Read more.

Money Monday: Is owning or renting better?

“Affordability is a much more pertinent issue for renters than homeowners, according to new research from CoreLogic, a real estate data firm. Since 2005, the monthly cost to rent a single-family home has risen significantly, while the monthly principal-and-interest mortgage payments of homeowners dropped slightly.”

Read more from Realtor Magazine here on the report.

Money Monday: How buyers purchased their home

Here is a look at how recent buyers purchased their home:

  • Median purchase price – $235,000
  • Obtained a mortgage – 88%
  • Down payment amount – 10 percent
  • Down payment sources – savings (59 percent); sales proceeds from previous home (38 percent)
  • Received down payment help from family/friends – 16 percent
  • Obtaining a mortgage was not difficult/easier than expected – 66 percent