U.S. Homeownership Rate Falls
U.S. Homeownership
Well, for most people. Today’s real estate news was about the good home price appreciation, announced in the release of the Case Shiller 20 city index. on a number of TV and radio news reports that I heard during the day, not one that mentioned the increase in the case Shiller index said anything about the announced news today from the Census Bureau that announced the US homeownership rate dropped to its lowest level since 1997! Read more 
Home Sales for March Improve
March pending home sales improve
The National Association of Realtors just announced that pending home sales increased in March 2013 to the highest rate since April 2010! Home purchase contracts signings rose in the South, West and Midwest, and were unchanged in the Northeast.
Home purchase signed contracts were 7 percent higher than the March , 2012 figures. Read more
Real Estate Political Correctness
Political Correctness in the Real Estate Market Gone Too Far?
The politically correct movement has finally gotten around to the real estate industry. Some say that it was initiated by HUD, but I could not verify this. A number of new home developers, as well as resale real estate firms are no longer using the term ‘master bedroom suite.’ The liberals in government and the real estate industry are moving forward in their push for self-censorship to keep anyone from possibly being offended and to make common sense citizens feel like bigots . . . the master bedroom phraseology will will soon fade from our collective memories as we now refer to this room as the ‘owners suite’ or ‘owner’s bedroom.’ There is even talk of renaming “family” room because it may offend those without families! Read more
San Diego Condo Prices Up 30% – A New Real Estate Bubble Forming?
San Diego Condo Prices – Another Bubble?
San Diego California single-family median resale home prices hit $432,000 in March, a rise of 5 percent from February, and nearly 19 percent from March of 2012.
Condos and townhomes saw an even higher increase in the median price – $285,000, which is a jump of 14 percent from February, and 30 percent from March of last year.
Normally, single-family home prices should increase 2-3% a year tops plus inflation… yet we’re seeing 20-30% increases or more? Home values are halfway back to where they were pre-2007! Read more
U.S. New Home Construction Hit 5 Year High
New Home Construction Jumps
Today the U.S. Department of Commerce released a report showing new home construction in March hit its highest rate in almost 5 years! New home starts in March were up 47% from the same period last year, the largest year-over-year growth since 1992! Read more
San Diego Townhome Rental 3Br./2.5Ba.
San Diego Townhome Rental 3Br./2.5Ba.
This rental will be available for July 1, 2013 move-in. It’s possible, that the move-in could be moved up with agreement of the current tenant.
This is a great location on Mission Mesa Way, in the San Carlos area of San Diego, CA 92120.
San Diego Home Prices In The Ball Park
San Diego Home Prices
Today is the home opener for the San Diego Padres. So, naturally, I’m going to use a metaphor for San Diego home prices as being in the ‘ballpark’ for a good buy for a home for you and your family.
People asked JP Getty his secret for success, he said, never buy at bottom, never sell to top. Because you cannot time it perfectly, you may miss them completely. Read more
San Diego County Residential Real Estate Market Analysis: 1st Quarter 2013
San Diego County Residential Real Estate Market Analysis:
1st Quarter 2013©2013 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 2013 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.
San Diego 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 peaks in 2003 at 42,746 units and decreases through 2008 to 23,972 units. *The 2013 projection shows the total number of units sold for the year will be 31,572, below the 35,935 units sold in 2012 (see figure 1). Read more
Home Prices Up 10.2%
Home Prices Up
CoreLogic, a real estate data provider just reported that home prices in February increased by 10.2% over the year ago period. The February home price increases mark 12 months of annual price improvement.
The gains in home prices were very broadly based with 47 of 50 states showing home price improvement. Read more