Tag Archives: home values

La Mesa Real Estate – Current Median Home Value

An update on the latest real estate statistics for La Mesa, in San Diego county, California.

money houseThe median home value and the average price of homes sold in La Mesa, CA are both at Continue reading

San Diego ended 2013 with home values up

housing market trendWhile the real estate prices in San Diego might have slowed down the end of 2013, prices for the year overall still went up, according to the S&P/Case-Shiller Home Price Index.

From December 2012 to the end of 2013, San Diego real estate values increased 18 percent. The highest peak was in August, when values hit 21.5 percent. Continue reading

Review your homeowner’s policy

It’s that time of year again: time to review your homeowners’ insurance policy.

Wait—you don’t typically do that? There are many reasons why you should give this important policy an annual review, particularly if you made changes to your home during the past year.

Here are some tips regarding what to look for when you do your review. Continue reading

Values Are Soaring Again in San Diego

home prices up in real estateWith the property tax hike for 2014 predicted to be “tiny” because of low inflation, that means a 0.45 percent increase, the county assessor said. It appears to me that this is a very conservative postulate. This is actually a good thing, because everyone’s tax bill will remain below increasing values.

Inventory continues to be low, with 6,228 active listings last December 2013, which is down about 620 from November, but up from the 4,636 listed in December 2012. That said, inventory or supply will Continue reading

Home prices up 10% from year ago

Local January home prices are up nearly 10 percent from the same time a year ago, the latest S&P/Case-Shiller Home Price Index shows. That marks the seventh straight month of year-over-year increases. It also was the highest year-over-year jump since June 2010.

Home values essentially stayed flat from December to January, falling 0.6 percent, according to the leading real estate indicator…

…When looking at all 20 areas, residential prices have gone up 8.1 percent from a year ago, the largest year-over-year increase since June 2006, or “since the housing bubble burst,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.

“Economic data continues to support the housing recovery,” Blitzer said. “Single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013.

“Despite a slight uptick in foreclosure filings,” he added. “Numbers are still down 25 percent year-over-year. Steady employment and low borrowing rates pushed inventories down to their lowest post-recession levels…”

Read the rest of this article by U-T San Diego here: Home prices up 10% from year ago.

Industry Experts Predict Price Growth into 2017

If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow’s first-quarter Home Price Expectations Survey.

home prices up in real estateFor its report, Zillow and Pulsenomics surveyed a nationwide panel of 118 economists, real estate experts, and investment and market strategists to get their thoughts on future home values and housing market policies.

On average, the panel forecasts price growth of 4.6 percent in 2013 and 4.2 percent in 2014. More moderate growth is expected after that, with annual appreciation rates between 3.6 percent and 3.8 percent for 2015, 2016, and 2017, leading to an average 4.1 percent growth annually for the next five years.

According to Zillow, this is the first time the predicted average annual growth rate for the next five years has surpassed pre-bubble levels since the survey was created…

…The most optimistic quartile of panelists predicted a 6.1 percent increase in home values this year, on average, while the most pessimistic predicted an average increase of 3 percent. Expectations for cumulative growth projections ranged from 34.2 percent among the most optimistic panelists to 11.7 percent among the most pessimistic, on average…

Read the rest of this article by DSNews.com here: Industry Experts Predict Price Growth into 2017.

San Diego foreclosures at 6-year low

San Diego County closed out 2012 with foreclosures at their lowest level in six years, says a report released Wednesday from local real estate information company DataQuick.

foreclosuresThe consistent drop in the number of people losing their homes to bank repossessions appears to be a product of an economy on the mend, increasing home values and government-led deals with major banks that promise borrowers alternatives to foreclosure, DataQuick officials said.

December foreclosures plummeted to 355, the lowest level since December 2006, when 288 were recorded. December’s total is nearly 18 percent lower than November’s and half of December 2011’s.

Default notices, the first official filing in the foreclosure process, totaled 878. That’s up 7.2 percent from November but down nearly 30 percent from the same month a year ago…

Read the rest of this article by U-T San Diego here: “San Diego foreclosures at 6-year low”.

Zillow Reports Home Gains in July, Predicts Market Decrease in Fall

Zillow Reports Home Gains in July, Predicts Market Decrease in Fall

Zillow: July Sees More Home Value Gains, Market to Cool in Fall

Zillow released on Tuesday its Real Estate Market Reports for July, revealing that the company’s Home Value Index hit $151,600 for the month, a 0.5 percent gain from June and a 1.2 percent increase year-over-year.

Of the metro areas covered in the reports, 62 percent saw home values climb during July, with only 49 of the 167 areas posting declines. Of the 30 largest areas covered, the Phoenix metro experienced the largest monthly increase (2.2 percent), followed by San Francisco (1.2 percent) and Denver (1.0 percent).

While rising home values may be taken as a sign of a healing market, Zillow chief economist Dr. Stan Humphries said these increases should simmer down in the coming months.

“This summer, the housing market continued to heal, as home values experienced their eighth consecutive month of increases,” Humphries said. “Tight inventory levels are leading to bidding wars and multiple offers across the country. Looking ahead, we expect to see less aggressive increases in the fall as rising values lift some would-be sellers out of negative equity, allowing them to place their homes on the market.”…

Read the rest of this article by DSNews.com online here: “Zillow: July Sees More Home Value Gains, Market to Cool in Fall”.