Tag Archives: U-T San Diego

HOAs May be Forced to Allow Artificial Turf

A proposed bill by the San Diego County Water Authority, if approved, would mean that California state’s HOAs would have to allow artificial turf lawns in their communities.

artificial grassCurrently, only a small percentage of California’s 47,000 homeowners associations permit owners in their communities to install the synthetic grass. Continue reading

Steady Real Estate Recovery Predicted

Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy.

urban real estate prices, most live in suburbsInvestments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released Monday by the National Association for Business Economics. However, consumer spending and investments in homes will be lower than previously predicted because of Americans’ lagging wage growth and trouble obtaining loans.

The predictions come in a quarterly survey of 46 forecasters that was conducted between Aug. 25 and Sept. 9.

Following an unusually high degree of volatility in the first half of the year, the group expects the pace of economic growth to steady, with gross domestic production forecast to grow at a seasonally adjusted annualized rate of 3 percent in the third and fourth quarters of 2014 and throughout 2015.

Continue reading

San Diego Foreclosures Declined in May

foreclosureForeclosures are on their way down in San Diego County, as of last reports from DataQuick. Both default notices and foreclosures have continued to decrease in May according to the real estate tracker DataQuick. Continue reading

San Diego home appreciation leads U.S.

urban real estate prices, most live in suburbsGood news for the San Diego real estate market: prices have risen!

According to the S&P/Case-Shiller Home Price Index released on Tuesday, from January to February, “prices on the index rose Continue reading

New lending standards for homebuyers

loan modificationsIf you’re considering buying a home this year, but need a mortgage to do so like the majority of home buyers, then perhaps these new mortgage rules will help you pay back your loan.

As of January 10th, the Consumer Financial Protection Bureau has begun implementing new lending guidelines that, according to U-T San Diego’s article on the topic, “federal regulators say will protect against the risky lending practices that powered the housing bubble and caused a huge collapse in home prices that led to the Great Recession” Continue reading

San Diego housing market in 2013

“Historically low interest rates and limited inventory in 2013 fueled some of the greatest housing appreciation in San Diego County since the early 2000s…

home buying

“San Diegans bought 42,702 homes last year, a slight uptick from 2012 but the most since 2006, the last full year before the Great Recession.

“Last year was a great year for investors, who in June enjoyed 24.1 percent annual appreciation — a post-Great Recession record — to a median price of $420,000…”

Read the rest of Union-Tribune San Diego’s article on 2013’s real estate market in review here.

The Future of San Diego Home Prices

Currently, the median home price for San Diego county is at $415,000. Local real estate leaders make predictions on 2014’s real estate market.

housing market trendIn an interesting recent article by U-T San Diego, local real estate leaders were asked where they thought the San Diego real estate market might be headed in 2014. Currently, the median home price for San Diego county is at $415,000.

Continue reading

Buying or selling your home during the holidays

front door ChristmasBuying your home or selling it can be a huge project to tackle any time of the year, and adding that project to the busyness of the holiday season can make life even more hectic. But according to U-T San Diego, it just might be something you should contemplate doing. 

Continue reading