Jennifer Rohr
January 6, 2017
We would like to thank Kurt Eakin, President of Coastal Life Wealth Management, who provided the research and commentary below. It appears that we are still relatively affordable compared to the housing market bubble that ended in 1st quarter 2006. The National Association of Realtors Affordability index, which takes into consideration current median incomes, inflation, interest rates, average purchase prices, inventory etc. show that our current market allows for 45% […]
November 30, 2016
The latest Core Logic real estate tracker report notes that San Diego County home prices are still rising. They reported that the median home price in October 2016 exceeded $500,000 for the first time in ten years. The median price for a San Diego County home hit $507,500, up 11 percent from a year ago. Read the full San Diego Union Tribune article here.
November 7, 2016
Here’s an interesting article where the author reviews the San Diego Economic Forecast for 2016 – 2020 and discusses whether San Diego is a good place to start a new business (as compared to Silicon Valley or Los Angeles). If you are interested in stats about our region, The San Diego Regional Economic Development Corporation has great resources on their website. For instance, their economic dashboard uses 20 different metrics […]
October 28, 2016
The San Diego Union Tribune is reporting that the San Diego County median home price dropped to $495,000 in September, a drop from August but still strong for a time of year that is typically slow. The August median home price reached $498,000. The paper also reported that sales were also down in September but still high for this time of year. To read the complete article, please click here.
October 12, 2016
A recent law passed in Sacramento may ease the way for San Diego homeowners to add granny flats to their properties. In the past, there were high fees for building secondary units, and parking requirements added to the headaches. With the reduction of fees and possible elimination of the parking requirement, homeowners may look at the addition of a granny flat as a way to provide housing for extended family, […]
October 7, 2016
Do you know the rules when residents request to have a emotional support or companion animal in their rental home? We recently read an article about this topic on Property Management Insider. Many rental properties are becoming pet friendly, but how do you handle pets that come as a companion animal and your rental property has a no-pet policy? It’s a hot topic, and property managers need to make sure […]
August 30, 2016
Renewals: What’s Driving Renters Away? Originally posted by Mary Girsch-Bock on PropertyManager.com Property managers spend a lot of time ensuring that their tenants follow the rules, which include timely payment of rent, reasonable noise levels, parking in their assigned parking spot, and keeping their apartment home in reasonably good shape. If they live up to their end of the bargain, what are you and your staff doing to ensure that […]
July 21, 2016
The slowly summer months are a great time to review your business insurance policies. In this day and age, not having the appropriate insurance coverage can lead to financial ruin. One particularly important item to review is whether or not you should have an umbrella policy over all your insurance products. Click here for the complete article on PropertyManager.com on why you need review your policies.
July 12, 2016
Market Update by Pasas Properties: U.S. stock markets have rebounded after losses when Britain announced it was leaving the E.U. Markets don’t believe a Fed interest rate hike will happen this year. The current labor market is strong, with a decrease in unemployment claims. A strong labor market supports a strong housing market. Mortgage applications were up 14% last week. Many people are still refinancing, but there has also been […]