• Better Advice Than Your Uncle Larry • Big waves are hitting the San Diego housing market, and it’s not just the surf! Today we unpack the latest decisions to resolve class action real estate lawsuits and the proposed settlements on commission litigation.
• Are We Doomed to High Interest Forever? • When the pandemic started, interest rates were lowered to nearly zero, which lowered mortgage rates for homebuyers to a low of 2.65% on a 30-year fixed rate mortgage—a record low.
• How to Buy a House with an ADU to Lease as Rental Property • Buying a house can be full of difficult decisions, and for people looking for a different way to help pay for their mortgage every month, buying a home with an attached rental unit might just provide a monthly bump.
• Weighing the Perks & Risks of FHA 203k Loans • Shopping for a home loan in today’s mortgage market can be very intimidating, given all of the recent changes in interest rates.
• A Calmer Space for Decision Making • If you want to buy a house in San Diego, there’s good news: prices are declining for the first time since the pandemic began and the real estate market is normalizing. In fact, the median home price dropped 4 percent from May to June.
• Waiting Out for a Housing Crash • Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates, and a country more divided than ever before. So why not a housing crash too?
• Crucial Questions to Answer Before Hiring a Real Estate Agent • Real estate agents are a crucial component of your real estate success. These licensed professionals can help you understand the home buying process, give you expert advice and bring smart strategies to the table.
• Buyer Competition Drops to Lowest Level in Two Years • According to the Consumer Price Index, inflation is the highest it’s been in 40 years, and no doubt it has adversely impacted your budget. But how is it affecting the home you want to buy?
• Too Late to Buy a Home in this Market? • San Diegans in the market to buy a home during this time of elevated prices need to ask themselves: is a house a good long-term investment?
• Best Strategies to Win Against Multiple Offers on a House • Given the popularity of California real estate, it’s no surprise that a bidding war in San Diego is among the most competitive real estate markets in America — especially for homebuyers.