Aussie Advice – Keeping Cooling Costs Low As Mercury Rises

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Australians have taken to air conditioning in a big way with an estimated 9.2 million units working to keep the summer heat away. Air conditioning is particularly energy hungry with many people wasting money on unnecessarily high electricity bills because they are ignoring a few simple ways to reduce their cooling costs.

 

“Closing doors and windows on hot days and covering window glass will help keep your home cooler”, says Grant Waldeck, a spokesperson for comparator website comparethemarket.com.au.

 

“Sunlight can warm a room quickly, making air conditioning necessary,” Waldeck says.

 

How to keep cool – without blowing the budget

 

  • Monitor your temperature gauge and remember that every increase of 1 degree can add up to 10 per cent to the running cost of your unit Clean or replace your filter regularly. A clean filter will help ensure your air-conditioner is performing at its most efficient.
  • Don’t leave your air-conditioner on when you aren’t at home. Consider purchasing a unit with remote control functionality.
  • Avoid placing other heat emitting home appliances near your air-conditioner. It causes your unit to work even harder to cool the air around it, increasing its energy output.
  • Shade your windows in summer with curtains, awnings, or shutters to reduce heat absorption. By keeping your house cooler your air-conditioner has less work to do.

Read more: http://www.smh.com.au/money/saving/keep-cooling-costs-low-as-mercury-rises-20140207-325on.html#ixzz2skst4Lla

San Diego: Foreclosures Up from March to April

Foreclosures in San Diego County ticked up from March to April, but remain at pre-Great Recession levels.

Last month, banks repossessed 162 homes in San Diego County, 20 more than they did in March, real estate tracker DataQuick reported Tuesday.

Overall, however, foreclosures are on the decline. The number of foreclosures in April was down 42 percent from the 280 properties repossessed in April 2013. Foreclosures peaked at 2,004 in July 2008.

The last time there were this few foreclosures in an April was in 2006, before the downturn, when banks repossessed 85 homes.

Norm Miller, a real-estate professor at the University of San Diego, said the monthly uptick was likely due to bank activity and says nothing about the current housing market.

Big annual gains in home-price appreciation during 2013, which reached 24 percent last June, allowed people who couldn’t pay their mortgages the opportunity to sell their homes to get out of loans they couldn’t pay back. Those gains have slowed recently, but April’s median sale price of $435,000 was still up 8.7 percent from a year earlier, DataQuick reports.

Read More: http://www.utsandiego.com/news/2014/may/20/dataquick-april-foreclosures-mortgage-default-home

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San Diego – Housing Price Gain Slows Down

For the first time in nearly two years, annual home-price appreciation in San Diego County is down to the single digits.

Last month, the median price for a home sold in the county was $435,000, up 8.7 percent from the $400,000 median in April 2013, real estate tracker DataQuick reported Tuesday. It was the lowest year-over-year appreciation since a 7.9 percent gain in August 2012. But the latest housing figures show just how much price appreciation has slowed. In June, price gains reached 24.1 percent.

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“Double-digit price appreciation is not sustainable,” said Mark Goldman, a loan officer and real-estate lecturer at San Diego State University. “But now we’re back on track, we’re back to a more ordinary level of pricing. Pricing has approached an equilibrium where it ought to be based on income, interest rates, employment, all the stuff that drives the housing market.” Goldman says price gains of about 3 percent should be the norm.

While price appreciation continued to slow, home sales picked up drastically from March to April, the prime buying season. Last month, 3,664 properties in the county changed hands, a jump of 607 homes from March. That’s the biggest sales increase from a March to an April since the Great Recession.

Most of the sales in April were in downtown, Rancho Bernardo, Carmel Valley and Eastlake, which each sold about 95 homes.

“The housing market’s pulse quickened a bit in April. If the inventory grows more, which we consider likely, it’s going to make it a lot easier for sales to reach at least an average level, which we haven’t seen in more than seven years,” said DataQuick analyst Andrew LePage in a statement. “There are certainly factors undermining housing demand, including affordability constraints, credit challenges and less investment activity. But there are considerable forces fueling demand, too: Employment is rising, families are growing, and more people can qualify to buy again after losing a home to foreclosure or a short sale over the past eight years.”

Despite the monthly bump, activity in the county’s housing market has slowed since last year, with the number of transactions in April down 3.4 percent from April 2013.

read more at:www.utsandiego.com/news/2014/may/13/dataquick-april-realestate-mortgages-homes/