San Diego’s New Eviction Rules
San Diego’s New Eviction Rules
Landlords in San Diego are not happy with the new proposed eviction rules in the city.
They say that the eviction rules will force landlords to leave properties neglected rather than doing updates and repairs, because a permit will be required if they desire to evict a tenant at the end of the lease to do updates. Read more 
California Real Estate Crash?
California Real Estate Crash
The hardest thing to ever predict is “When” will the markets crash. In this video, I will show you what new things are developing in the real estate and mortgage markets and we will try and take a guess to predict the timing of the next real estate housing correction.
Here are 3 major factors that discuss in depth in the video:
1. Debt Loads U.S. households are cracking under the weight of the debt they’re carrying. Household debt has risen for 23 straight quarters – and as of April, it stands at $14.3 trillion, according to the Federal Reserve Bank of New York. Auto debt’s been rising steadily for 36 months and now totals $1.35 trillion. Student loan debt exceeds $1.42 trillion. Credit card debt totaling more than $1.079 trillion just saw delinquencies rise 9.09% in April – to their highest level in two years. Read more
Coronavirus – San Diego real estate
Coronavirus effect on San Diego real estate
If you think real estate sales will just pick up from where we were before the virus, I have a bridge in Brooklyn for sale!
This is just my interpretation, and I could be wrong so one should again do their own investigation and talk with your own legal and financial professionals.
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www.brokerforyou.com *** This 21 year old San Diego real estate is for sale! Also, aged real estate sites in many California cities are for sale.
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2019 San Diego real estate Outlook
2019 San Diego real estate Outlook
Well, before we get into my personal Outlook for the 2019 San Diego real estate market, that’s take a look at how we did in 2018. According to the California Association of realtors, California home prices increased by 6.2% over 2017. Also, home ownership rates in San Diego have increased slightly. In the second quarter of 2018 the San Diego home ownership rate was 54.7% compared to the first quarter of 2018. If you look at the home ownership rate in the second quarter of 2017 it was higher at 56.1%. Actually for 2018 the home ownership rate has decreased slightly, but overall during 2018 the home ownership rate was improving.
Read more Fed raises rates – fourth time is year
Wednesday the Fed raised the central bank’s benchmark interest rate to a range of 2.25 to 2.5 percent.
Fed raises rates – – – Some members of the Federal Open Market Committee (FOMC) predict that there will be two more rate hikes in 2019.
This interest rate hike means borrowing gets costlier, especially for credit cards, home equity lines of credit, and borrowers with adjustable rate mortgages.
Read more San Diego Real Estate Outlook
San Diego Real Estate Outlook
Since the fourth quarter of 2017 the San Diego real estate market inventory has been increasing. Now, it’s still not back to normal, at least not yet. But, the San Diego real estate market has softened as the amount of salable inventory has increased. With rising home mortgage rates being offset somewhat by our strong economy, the immediate outlook for our San Diego real estate market remains clouded.
San Diego real estate market analysis – San Diego Real Estate market facts and opinion. The San Diego California real estate market has seen some tremendous home price appreciation over the last couple of years. One of the main driving factors for San Diego home appreciation has been a huge imbalance in the amount of homes available for sale. This severe shortage of inventory (well at least in the under the $1,500,000 price range) has now been easing, well at least since the fourth quarter of 2017. Read more
San Diego real estate market Outlook 2018
San Diego real estate market Outlook 2018
As I write this, the final figures for the fourth quarter of 2017 are not in yet. But it seems that a number of insiders believe that the average home appreciation in San Diego will be approximately 7.2% for 2017.
One major real estate tracking analytical firm has come out with for projection of average appreciation for 2018 in San Diego California of approximately 4.2%. so, you may be asking yourself why the three percentage point drop in the forecast for home appreciation for 2018? I’m going to give my opinion here with my thoughts on why the San Diego home values will not be a strong this year as they were in 2017. Naturally, I’m just a real estate broker and not an economist. But, with that said I’m sure if he got 10 economist in a room and asked them what they thought the average appreciation for San Diego real estate would be in 2018 you would get 10 different opinions.
So, here is my personal opinion on what I see for the San Diego residential real estate market in 2018: Read more
San Diego County Residential Real Estate Market Analysis
San Diego County Residential Real Estate Market Analysis: 1st Quarter 2014
©2014 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
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 2014 data in figures 1 through 4 will be projected based on market data taken from January through March as reported by the San Diego County MLS system. 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. *The 2014 projection shows the total number of units sold for the year will be 24,860, which is near the 2008 low (see figure 1).
Market Overview: Read more
San Diego Home Prices -San Diego Home Sales Drop
San Diego home prices and San Diego home sales both slipped in July. This was the conclusion from the latest report released by Dataquick, a real estate tracking company.
San Diego County home sales dropped 0.9 percent in July, compared to a year ago, while prices fell by 3.8 percent.
One should keep in mind that if this latest report is comparing home prices and home sales to a year ago, the San Diego real estate market at that time was also extremely weak. So, to have a drop from the July 2010 levels, is ominous in and of itself.
What’s being overlooked here, is the fact that this drop in both sales and home prices is occurring during this seasonally strongest time for real estate sales!
San Diego Real Estate Market 2011 Outlook – Forecast – News
San Diego real estate market forecast 2011
San Diego Real Estate 2011 – Year of the Short Sale
It’s that time of the year: The real estate industry is rolling out the shop-worn playbook of optimistic forecasts for the New Year. In San Diego these canned phrases are:
- Solid signs of a firming market,
- With interest rates near all-time lows,
- Buying now is a no-brainer,
- Get in now, before the huge pent-up demand for homes hits,
- What a great time to buy with low interest rates and a good supply of homes for sale,
- Act fast now, or you may be paying thousands more in a few months.
We have heard these same phrases since 2005. The major difference was that in 2005 and 2006 many of the Gurus were adding phrases: Read more