Tag Archives: CAR

Money Monday: California November Sales

Here’s a recap of what’s been going on in the California real estate market.

Real estate sales and prices decreased in the month of November. California real estate market update November 2018

Must Read if You’re Now Thinking About Selling Your House

This quick read from House Logic has 4 major points when making the decision to sell your home or rental. Read it here:www.houselogic.com/sell/how-much-is-my-home-worth

Even though it is the holidays, wouldnt it make sense to get a leg up on the competition by starting now? Tailoring showings around your holiday schedule is easy when hiring me.

Call me for FREE analysis of your property today!

Thank you

John A Silva, Realtor.
619-890-3648

Money Monday: Should you sell your house with a Realtor or on your own?

Many homeowners decide to sell their home without hiring a Realtor. Does listing your home with a real estate agent or listing it as a For Sale By Owner (FSBO) make more sense?

Well, the CALIFORNIA ASSOCIATION OF REALTORS believes that homesellers going the FSBO route will spend more time trying to make a sale, and end up with a lower selling price than if they had used a real estate agent — and they have some statistics to back them up.

Take a look at their infographic below, and if you are selling and would like a Realtor to do the job for you, give me a call! I’m here to help you get your home sold! John A Silva, (619) 890-3648

reasons to hire a Realtor

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Mortgage hurdles

Many first-time buyers don’t realize that there’s many steps to getting a mortgage.

  1. Get pre-approved
  2. Have the home appraisal
  3. Keep your credit consistent
  4. Review the closing disclosure
  5. Go through underwriting

This infographic is from CAR.org.

Money Monday: Millennial money habits

Here’s how the millennials, on average, are managing their money.

  • 63% are saving money (many for emergency funds, retirement, or to buy a house — call me to shop for a house in San Diego County!)
  • 59% feel financially secure
  • 57% have a savings goal
  • 54% are budgeting

How are you doing on developing solid money habits? There’s plenty of tips, advice and information that I publish on my blog every Monday –> Click to view all Money Monday posts!

Millennial Money Habits - infographic from CALIFORNIA ASSOCIATION OF REALTORS

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

California Real Estate Market Update – March 2018

 California home sales tick higher in March as median price reaches eight-month high

urban real estate prices, most live in suburbs

– Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017.

– March’s statewide median home price was $564,830, up 8.1 percent from February and 8.9 percent from March 2017.

– Alameda, Marin, San Mateo, Santa Clara, San Diego, and Orange counties all hit a new peak price at $955,000, $1,392,500, $1,615,000, $1,454,500, $625,400, and $824,450, respectively…

Graphics (click links to open):

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

Read all of C.A.R.’s report here: “March home sales and price report”.

Money Monday: Financial Milestones

How do your financial milestones compare with the average consumer’s?

The CALIFORNIA ASSOCATION OF REALTORS averaged consumers’ answers to when they:

  • Started saving for retirement
  • Attained a good credit score over 700
  • Saved $10,000
  • Paid off student loans
  • Purchased first home

average consumer financial milestones

This infographic is from CAR.org.

Homeownership is beneficial

Homeowners have a lot going for them: improved educational performance, lower crime rates, greater health.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.