Real Estate
August 21, 2019
The U.S. Department of Housing and Urban Development is expected to release updated guidance on FHA-insured condominium financing. The new rules should benefit real estate purchasers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards. Allow for single-unit mortgage approvals—often known as […]
August 14, 2019
From an article in the San Diego Union Tribune. The San Diego City Council approved new zoning policies Monday allowing developers to more quickly and cheaply build large mixed-use projects featuring dense housing blended with commercial and industrial uses. The goal is spurring more developments in suburban-style parts of the city with large surface parking lots, such as Mission Valley, Kearny Mesa, Mira Mesa and University City. The zoning would […]
April 8, 2019
Homebuyers won big last week as the industry saw the lowest mortgage rates since January 2018. Recent numbers from Freddie Mac reported the average rate on a 30-year fixed mortgage fell to 4.06% percent with an average 0.5 point for the week ending March 28, 2019. Why are mortgage rates taking a nose dive? Freddie Mac’s Chief Economist, Sam Khater, explains that this low point is a crucial indicator that […]
January 23, 2019
From Rentometer.com: Whether you are renting a vacation home to travelers or a group of apartments in a building, a rental property insurance policy is essential. This type of insurance protects your business and your property in case of disaster, from floods to hurricanes to theft. Before you finalize the purchase of a rental property insurance policy, however, it is important to understand exactly what it covers, how you can […]
January 4, 2019
How does the current government shut-down affect the mortgage market? A recent article on Forbes.com outlines four ways the shutdown really does impact the mortgage market. Read the full story here. 1) Lower rates may be due to the shutdown 2) FHA loans will be affected 3) I.R.S. documents out of reach 4) A weaker U.S. housing market
December 21, 2018
Buying a new home at any age can be an exciting, yet daunting, endeavor. Seniors looking for a retirement property in Escondido don’t have to approach the process alone. A qualified real estate agent can ensure you see the properties that meet your needs and consider important factors you might not have thought of. Here are just some things seniors may want to mull over when shopping for a new […]
October 26, 2018
The market is shifting. Sales are down and inventory is up. The proposed interest rate hike will slow the sales down more. If you are thinking of selling now is the time.
September 5, 2018
The San Diego City Council recently approved a ban on discrimination against recipients of Section 8 housing vouchers. The ordinance allows landlords to use credit scores and other legal means to select tenants. But they cannot say “no” to an applicant based solely on whether they pay rent with a government subsidy. The new ordinance will take effect in 2019. Learn more by clicking here.