San Diego Home Sales Slow
San Diego homes sales have slowed, the lowest for a September in records going back to 1988. It also marked the 10th-slowest sales month of all time, according to CoreLogic. 1,987 homes in San Diego County sold in September, down 22% from August and down 6.4% from September 2023.
Just Sold! Another First-Time Homebuyer!
SOLD! Congratulations to my first-time home buyers who took the leap and purchased this townhome in Vista! When they were notified their rent would increase again, these two came to me looking for options.
Veteran Homeowner Benefits
In honor of Veterans Day, I wanted to share two benefits for veteran homeowners.
The first is the VA loan. The VA loan has many advantages with the most well-known is that no down payment from the buyer is needed. Even with 0% down, the VA loan does not require private mortgage insurance (PMI) which could save thousands of dollars per year. The interest rate is also typically lower than other loans. The VA loan is a lifetime benefit and can be used multiple times.
United States military veterans with a 100% VA disability or unemployability rating due to a service-connected injury or the unmarried surviving spouse, may be eligible for property tax savings on their primary residence. It is a one-time filing, as long as it remains your primary residence. The County of San Diego quick and easy filing process takes 15 minutes and requires your VA rating letter and DD-214 to qualify.
5 Tips to Secure the Best Mortgage Rate in any Market
Since September, mortgage rates have been on a rollercoaster. They first dipped into the low 6% range only to climb past 7% by the end of October. Yikes. If you’re feeling overwhelmed, you’re not alone. These rate fluctuations can make home buying feel like a guessing game. Fortunately, you don’t have to wait for the “perfect” rate to make your homeownership goals happen.
San Diego Home Prices Slow
Today’s headline on the front page of the San Diego Union-Tribune “San Diego home price gains slow; falls in nationwide rankings” is gaining attention as our beloved home has been in 1st or 2nd place for highest gains for the last 11 months according to S&P Case-Shiller Indices and has fallen to 7th. The San Diego metro area includes all of San Diego County.
Oceanside Real Estate Market, Week of October 28
Inventory of single-family homes has increased to 163 and the median list price is $1,100,000. Price decreases are at 40% and median days on market is 35 days.