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La Jolla Real Estate Blog

Joan Schultz

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Displaying blog entries 1-10 of 49

The San Diego real estate market is making a rapid comeback, rejuvenating buyers’ confidence when it comes to investing in real property. Sellers are eager to place their homes on the fast-moving market, while buyers are enjoying reasonable pricing and low interest terms.

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Economists at the University of California, Los Angeles are predicting a big comeback in the U.S. economy due in part to home sales with California setting the pace. Experts say the Golden State is slated to recover significantly as real estate sales become a larger piece of the economic pie.

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San Diego Buyer’s Market: ‘The Deal of a Lifetime’

by Joan Schultz

There’s no doubt that the San Diego real estate market is making a strong comeback. With ideal interest rates and discounted home prices, it’s no wonder so many homebuyers are on the pursuit of the perfect home. Not only that, but cash purchases are the strongest in California’s history, reaching an all-time high last year with twice the normal cash-offer rates according to research group DataQuick. The market is strong, and buyers are ready.

Read the rest of my column here.

Think about purchasing or putting your home on the market!!!

by Joan Schultz

<http://www.saradaryl.com/housing-sales-heat-up/> Now is the time to take advantage of the upward climb in the real estate market. The market has not been good for a number of years. Those days are over. We are now looking at increasing prices and low inventory. If you are a seller and thinking of selling, now is the time. Are you a buyer, start your search now because when you find it you may find that there are multiple offers and if you know the market you will react appropriately.

San Diego home prices have risen nine straight months in a row – a trend that indicates a welcomed rebound in local real estate. With increasing inventory and historically low interest rates, sellers and buyers alike are taking advantage of the area’s prime market.

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San Diego luxury home values rose by 2.2 percent according to a new report at First Republic Bank – and home owners throughout the La Jolla area are welcoming the rise in appreciation.

The upswing in momentum has encouraged home-sellers throughout the coastal cities to place their homes on the market, and the rising trend in value shows promise for next year.

Read the rest of my column here.

Houses are selling, the market has turned

by Joan Schultz

Contracts to buy previously owned homes rose to their highest level in more than two years in July, an industry group said on Wednesday, suggesting the housing market recovery was gaining traction.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in July, increased 2.4 percent to 101.7 - the highest level since April 2010 and shortly before the deadline for the home buyer tax credit.

Economists polled by Reuters had expected signed contracts, which become sales after a month or two, to rise 1.0 percent after declining 1.4 percent in June.

The report was the latest to show momentum in housing market recovery, with gains in home construction and sales and prices.

Buy or Rent-which is wiser?

by Joan Schultz

Have you wondered whether it is wise to buy or rent? The question is good and one that is valid given what has happened to the real estate market since 2008. The break even point varies with the location in the country where you are living. If you are in California, and I will assume that if you are reading this that you are, or want to be, the question is a good one. Zillow, according to the Los Angeles Times, has a new analysis for what it calls the "break even horizon." The analysis compares the cost of buying or renting. In the higher priced areas the pay off takes a longer time. DUH!!! Does that mean that you should continue to rent? Your call. Home ownership gives not only the security and price of owning your own property, but also, allows you to ride up the appreciation. As the market improves, that appreciation will grow more quickly than it did a few years ago. In fact, for those who bought at the top of the market, they have seen their appreciation go into the minus column. Prices have come down, be wise, now is the time to buy and benefit from all the good advantages of home ownership.Make this your dream come true.

Home Prices increased--again

by Joan Schultz

Home prices gained and that is buoying optimism. From April to May there has been an overall increase in prices. The indication is that the market is recovering. The Los Angeles Times said on August 1, 2012, that there are fewer foreclosures and that the inventory is lacking. This is the second time that a gain has been reported. That bodes well for the 20 cities in the index. The optimism must, also, be tempered with the fact that the spring and summer have been strong buying months. Michelle Valverde, an economist with IHS Global Insight said that it might be premature to conclude that the rise in the prices will produce continued monthly increases. With the asking prices of homes down, interest rates as low as they have been, buyers who have been sitting on the fence should sit no longer. The time is now!!!

California Foreclosure Crisis Easing

by Joan Schultz

That is a headline in the Los Angeles Times today. The crisis here in California is ebbing. Fewer home loans are defaulting because the job market has improved. Employers are hiring again here in California. The foreclosure rate is the lowest since 2007. Great news!! Economists are even going so far as to say that a second wave of foreclosures is unlikely. The housing market has bottomed, Kenneth Rosen, an economist at UC Berkeley said. While the rest of the state is saying that their inventory is high, La Jolla and Del Mar agents are complaining that our inventory is low. Rancho Santa Fe does have a high inventory. Those homes will sell and we will begin to see appreciation. All indications this time around are that the prices will rise slowly. With interest rates so low now is the time to buy.

Displaying blog entries 1-10 of 49

Contact Information

Photo of Joan Schultz CA BRE# 00681938 Real Estate
Joan Schultz CA BRE# 00681938
Berkshire Hathaway HomeServices California Properties
1299 Prospect Street
La Jolla CA 92037
(619)261-3804
(858)551-7218
Fax: (858)459-3275

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