California housing crisis 2017
My personal view and opinion on the crisis in California housing.
Personally, just to keep things pretty simple it’s a well-known fact that here in San Diego County, a huge percentage of the new homes building cost (I believe in the 40% range) is comprised of city and state building and construction fees. So, why do we need a special councils always investigating our problem when it’s quite obvious that our own city and state have created most of these problems by their onerous imposition of government fees. Read more
San Diego Residential Real Estate Market
By Mark A. Melikian California Certified Residential Appraiser firstname.lastname@example.org P.O. Box 3051 Del Mar, California 92014 858-945-8996
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. Based on data from the first two quarters of 2017, the projected total number of units sold for the year will be 34,888, down from 36,236 sales in 2016 (see Figure 1). Read more
Happy 4th of July
Happy 4th of July
San Diego Home Price Gains
The S&P Core Logic Case-Shiller 20-City Composite Home Price NSA Index seeks to measures the value of residential real estate in 20 major U.S. metropolitan areas: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington, D.C.
Curb Appeal – Home Sales
Curb appeal is attractiveness of the exterior of a residential or commercial property, as viewed from the street.
From Wikipedia, the free encyclopedia:
Curb appeal can be accomplished by any number of methods including the installation of exterior decorations, re-painting, extensive attention to the landscaping. Several television programs have been created to explore ways for homeowners and building contractors to increase the curb appeal of their properties for a more profitable sale.
Curb Appeal – Home Sales
Interest Rates Increase
For the second time this year the Federal Reserve Board has raised interest rates! it was March 15, 2017 that the Federal Reserve first raised interest rates this year. If you’d like to see that story on the first Federal Reserve rate increase, click this link: Fed raises interest rates
Although this was the second interest rate increase this year, it was also the third interest rate increase in the last six months! Read more
Brokerforyou May Traffic
Yes, last month www.brokerforyou.com had over 32,400 unique visitors! This unique traffic was a new record high for the past 12 months.
Once again, I like to say thanks to all my readers and subscribers for making this site as popular as it is. Read more
California Affordable Housing Problem
The California legislature in Sacramento is considering two new bills to help California’s housing problem. With the healthy recovery of California home prices, combined with the lack of normal resale inventory of homes, the California affordable housing problem has been exasperated.
The Sacramento California lawmakers say they need to pass a combination of measures to address the state’s housing crisis. It has been estimated 1.5 million California families lack access to affordable housing. California also has disproportionately high rates of homelessness.
The first bill moving through the legislature is SB35. This bill removes some development restrictions in cities that fall behind on housing production goals. It passed 23-12 in the Senate.
The second bill is AB73, which rewards cities for streamlining the approval of housing, particularly for developments near public transportation. It passed the Assembly 46-19. Read more