According to the San Diego Association of Realtors, the median home price in La Mesa rose in August 2014, while 33 percent of homes had price reductions. Check out the real estate statistics for the city of La Mesa below:
The San Diego area has a high density of active and veteran military members, and VA loans are accessible by them, but perhaps not utilized often.
VA loans are supervised by the United States Department of Veteran Affairs. With these loans, borrowers don’t need a large down payment (some may qualify for a zero down payment), and often can avoid the negative aspects of loans, such as: penalty fees and high interest rates.
According to Linda Lee in the article, often “it is easier to get a VA loan with a less-than-favorable credit score than a bank loan. In fact, Veteran Affairs does not require a minimum credit score, although lenders may have their own internal requirements. Unfortunately, many applicants do not take advantage of the VA loan system because they are not sure if they qualify or know how to start the process.”
Are you in the military? Have you utilized this resource for our active and veteran military members? I’d love to hear about your experience! If not, and are interested buying a home with a VA loan, please contact me for help!
-John A Silva | (619) 890-3648
San Diego home prices ended 2012 with a bang, mirroring a trend seen in other major U.S. metro areas.
The price of a local home sold in December rose 9 percent from the same time a year ago, based on the S&P/Case-Shiller home price report released on Tuesday. That boost is the highest year-ago increase for any given month since July 2010. Values have risen 11 straight months, Case-Shiller data show…
…What’s behind the uptick?
In San Diego, rising sales and a smaller inventory of available homes are driving up price.
Inventory here is near a 52-month low, with about 4,200 active home listings in the county, according to numbers from the San Diego Association of Realtors…
Read more of this article by U~T San Diego here: San Diego home prices up 9%
Lily Leung, from U~T San Diego had some great tips for first-time homebuyers in her article “6 tips for first-time homebuyers”. Read part of it here, then skip over to SignonSanDiego.com for the rest of the article:
“Here are a few pointers I picked up at a first-time homebuyers workshop hosted by the San Diego Association of Realtors, or SDAR, over the weekend:
1) Consider hiring a real estate agent. Interview several candidates and make sure to ask them lots of questions. You’ll be sharing personal and financial details with your chosen Realtor, so make sure you choose someone you’re “very, very comfortable with,” said SDAR vice president Leslie Kilpatrick.
2) Don’t just take their word for it. Ask real estate agents for their resumes. Google them and nail down their web presence. And most importantly, find out if they’ve ever been disciplined. You can do a simple name search on the Department of Real Estate’s website…”
Are you thinking of buying a home yourself? Please, put me to the test–give me a call to interview me; I would appreciate the opportunity to earn the privilege to find a home for you and to represent you.Contact me today: (619) 890-3648
– John A Silva
San Diego home prices are at 4-year high
“Home prices in San Diego County, still far from their pre-recession peaks, have risen to their highest level in four years, Tuesday’s DataQuick report shows. Home sales, which went through a five-month positive streak, have dropped.
The median price for all homes sold in July was $342,000. That’s the highest it’s been since August 2008, when the economy was in the dumps and the local median price was $350,000. The county peaked at $517,500 in November 2005.
July’s median price increased 1.9 percent from $335,500 recorded in June, and up 5.2 percent from the same time last year. Price boosts were most evident among condo resales. All five regions of the county saw price increases from a year ago. The hottest area was central San Diego, where the median price rose from $226,750 to $267,000, or nearly 18 percent.
The county recorded 3,565 sales in July, marking the first sales drop in five months. Transactions fell 5.1 percent from June, but they’re 17.2 percent higher than a year ago…”
Read the original article by Lily Leung at U~T San Diego here: “San Diego home prices are at 4-year high”.