Coastal San Diego Living

Top 5 Predictions for 2011 San Diego Housing Market

by Tisha Carney 10. December 2010 11:27

Freddie Mac analysts point to five features that they believe will likely2011-Number-Stock-Images characterize the 2011 housing and mortgage markets:

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011.
2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.
3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010.
4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners.
San Diego housing market5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the "seriously delinquent rate" — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall.
Daily Real Estate News  December 10, 2010 


Are You a First Time Homebuyer? Check Out These Homebuying Tips!

by Tisha Carney 9. December 2010 12:29

Buying a home is a complex experience, especially if it's your first time! Here we break down the process into four easy-to-understand stages and offers helpful tips and advice for each one.

Part 1: Evaluate Your Life and FinancesSan Diego Real Estate

Owning a home is like any major commitment. You need to be mentally and financially ready for it. What stage of life are you in? Are you financially stable? Do you move around a lot?

Before you even look at homes, take a good look at your situation and crunch the numbers to see if this is the right time for you to buy. Just because it's a buyer's market doesn't mean you should buy now. These steps will help you figure out whether you're ready to own a home.

Part 2: Shop for a Loan

Once you determine you're ready for the responsibilities of owning a home, it's time to find financing. You'll likely be borrowing thousands of dollars, so shop around for the best interest rates and loan terms to negotiate the best deal. Buying a home involves more than just the sales price. There are fees for every part of the process. Make sure you understand everything you're paying for.

3212194 Part 3: Find a House

Now comes the fun part! You have your home wish list and pre-approval letter, so it's time to go house hunting. Save the gas money and do some research online first. Read about different neighborhoods and home styles, and browse listings online. Consider getting a buyer's agent to set up home tours and guide you through the process.

Part 4: Close the Deal

Unless you made a low-ball offer that offended the seller, expect to negotiate. The key is to find terms you both can agree on. Put them in writing, sign the contract and the clkeysosing process begins. During this period, you'll get an appraisal, title search and exam, home inspection and homeowners insurance. If all goes well, you'll sign the paperwork and the keys are yours!

Are you interested in more detailed information of each of these four steps? Check out HGTV's Resources for First Timers!


Gorgeous Executive Home With Lomas Santa Fe Golf Course Views!

by Tisha Carney 8. December 2010 13:36
Lomas Santa Fe Golf Course Views!

This beautiful home was completely remodeled in 2009. It is a single story home located on the Lomas Santa Fe Executive Golf Course! With absolutely impressive custom stone work throughout, from the moment you enter the residence you are surrounded by quality craftsmanship and materials. A MUST SEE!

Tisha Carney, 619-889-7750,


Considering Selling Your Home? Check Out These 5 Tips to Prepare!

by Tisha Carney 6. December 2010 16:38

5 Tips to Prepare Your Home for Sale 

Working to get your home ship-shape for showings will increase its value and shorten your sales time.

1. Have the home inspected by a professional home inspector

Be proactive by arranging for a pre-sale home inspection. An inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on the market. You will have to disclose what the inspection turns up.

2. Get repair & replacement estimates

If your home inspection uncovers necessary repairs you can’t fund, get estimates for the work. The figures will help buyers determine if they can afford the home and the repairs. Also hunt down warranties, guarantees, and user manuals for your furnace, washer and dryer, dishwasher, and any other items you expect to remain with the house.

prepare-home-sale-getty_6b084f79e6d351b974ca6822fa6ffce0_3x2_jpg_168x112_q85 3. Make minor repairs

Not every repair costs a bundle. Fix as many small problems—sticky doors, torn screens, cracked caulking, dripping faucets—as you can. These may seem trivial, but they’ll give buyers the impression your house isn’t well maintained.

4. Clear the clutter

Clear your kitchen counters of just about everything. Clean your closets by packing up little-used items like out-of-season clothes and old toys. Install closet organizers to maximize space. Put at least one-third of your furniture in storage, especially large pieces, such as entertainment centers and big televisions. Pack up family photos, knickknacks, and wall hangings to depersonalize your home. Store the items you’ve packed offsite or in boxes neatly arranged in your garage or basement.

5. Do a thorough cleaning and paint touch-up

A clean house makes a strong first impression that your home has beepaintn well cared for. If you can afford it, consider hiring a cleaning service. And don’t forget the touch-up paint!

Also, wash windows and leave them open to air out your rooms. Clean carpeting and drapes to eliminate cooking odors, smoke, and pet smells. Wash light fixtures and baseboards, mop and wax floors, and give your stove and refrigerator a thorough once-over.

Pay attention to details, too. Wash fingerprints from light switch plates, clean inside the cabinets, and polish doorknobs. Don’t forget to clean your garage, too.

By: G.M. Filisko; Houselogic, National Association of Realtors



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