Tag Archives: san diego

Navigate the New Rules of Real Estate

The Housing Horizon
One thing is certain, says Jed Kolko, chief economist and head of analytics for real estate site Trulia.com: “The rebound is real.” After U.S. home prices hit rock bottom in the first quarter of 2012 (plummeting nearly 30 percent since early 2008), they rose over the next nine months, according to the Case-Shiller home price index. The National Association of Realtors recently reported that the median existing home price in February was $173,600, up 11.6 percent from a year ago. And fewer listings are languishing, which means buyers are making choices faster. The median time it took to sell a house in January was 108 days, down from 119 days in January 2012, per realtor.com.

“When any housing recession recovers, it goes like gangbusters,” says real estate mogul Barbara Corcoran. “But this is the fastest comeback I’ve seen.”

Have values rebounded in Southern California?  Contact the appraisers at www.scappraisals.com for your value questions.

Celia Chen, a housing analyst with Moody’s Analytics, expects to see continued growth for the next few years. If you’re ready to buy a home, this is a good time to do it, she says. But in today’s post-bubble market, how should we define “ready”?

“Home ownership makes sense only if you can buy toward the future you want for yourself and your family,” says Ilyce Glink, head of the financial website ThinkGlink.com and author of Buy, Close, Move In! “You shouldn’t buy a one-bedroom condo if you want to have kids in the next five years. If you’re looking to retire but the thought of monthly payments keeps you up at night, you’re far better off skipping the mortgage—even if interest rates are at 3 percent. And whoever you are, you should plan to be there for a minimum of 10 years.”That means staying not just in your home but also in the town and region. Think about the area schools and amenities, and how they’ll align with your needs over the next decade. Consider the stability of your current job, as well as your career prospects if your company were to close or lay off employees. In today’s job market, many workers find themselves having to relocate for new opportunities. In that scenario, a home—especially one that’s underwater or tough to sell—could become a millstone. During the Great Recession, the number of long-distance moves sank to record lows in part because many job seekers were trapped in a frozen housing market.

Read more at: http://www.parade.com/4295/katerockwood/navigate-the-new-rules-of-real-estate/

Disclaimer: for information and entertainment purposes only


Earth Day 2013: San Diego’s Environmental Checkup Shows Good Health

envir
San Diego’s environmental quality has been improving since EarthFair started in 1990, with better air and water quality, improved conservation and recycling and thriving biodiversity.

When the hugely popular San Diego EarthFair started in 1990 to celebrate the 20th anniversary of Earth Day, the region’s environmental quality was a work in progress.

Want to see if your home is doing its part to help the environment.  Contact the appraisers at www.scappraisals.com for a check list of things you can do at home to help the environment.

San Diegans were just getting the hang of recycling. They tapped abundant supplies of water at cheap prices, but suffered from dirty air for nearly one out of every four days that year. The nation’s keystone environmental laws had not made a full impact on the county.

The decades since have brought dramatic improvements.

Residents have more than doubled their recycling, cut their per-capita water use by more than a third and seen their region’s level of bad ozone plummet by nearly 97 percent.

Environmental experts said San Diego’s emerging clean-technology industry can help strengthen those gains even more. The county’s economic might and overall quality of life will benefit from reliable, locally sourced water supplies, increased investment in renewable energy and even better ways to keep waste out of landfills, they said.

“We’ve certainly had improvement in a number of areas,” said Lani Lutar, executive director of the Equinox Center in San Diego, a think tank promoting sustainable growth. “Because of the resources we have unique to San Diego and the industries and expertise, it would be foolish of us not to take advantage of that to do better.”

The following is a gauge of the region’s environmental health based on five basic indicators:

Air quality

Longtime San Diegans share stories of itchy eyes and scratchy throats from past exposure to smog. The county’s air isn’t perfect now, but the clear blue skies enjoyed on most days are a clear sign of advancement.

The region failed federal ozone standards on 96 days in 1990, when it had 2.5 million residents and vehicles were on the road for roughly 65 million miles per day. In 2011, the region exceeded the benchmarks on just three days, even though the population had risen to 3.2 million people and 8.7 million vehicle miles being driven daily.

Most of the progress comes from cleaning up pollution on the road and at the gas pump, said Bill Brick, senior meteorologist for the San Diego County Air Pollution Control District.

Future efforts to further boost air quality will take aim at diesel exhaust from heavy trucks, buses and tugboats, he said.

Bonnie Holmes-Zen, senior director of policy and advocacy for the American Lung Association, said San Diegans still need to drive less and drive cleaner.

“The big, next step we need to take statewide is to move away from dirty, petroleum-based fuels and toward cleaner alternative fuels,” she said.

Read more at: http://www.utsandiego.com/news/2013/apr/20/san-diegos-environment-air-water-quality-bird-coun/?print&page=all

Disclaimer: for information and entertainment purposes only

San Diego – New Homes Getting Hard To Find

construction

If you can’t find a sales agent to help you at new housing projects in the county, don’t be surprised.

Sales are up 17 percent over year-ago levels, and there’s not much inventory of unsold units available, according to the New Housing Monitor published by the Hanley Group in Oceanside.

Are new construction valued differently than older homes?  Contact the appraisers at www.scappraisals.com for your value questions.

As of March 31, 775 homes — 519 detached and 256 attached — had been sold since the beginning of year, compared with 661 for the same period last year. That’s the highest for this time of the year since April 2007’s 2,119 sales in the pre-bust cycle.

The number of weeks of inventory at the current sales pace dropped to only 5.6 weeks, the lowest for the same week of the year since the five-week level in 2004. Inventories rose to as high as 57.4 weeks for the same point in 2008 on the eve of the Great Recession.

This year, the opening inventory for the second quarter included 336 new houses, condos and townhouses for sale, down 68.1 percent from 1,054 homes at this same period last year.

Homes planned but not yet released or built totaled 12,646, but builders are not moving fast enough to replace the sold units with new ones.

Read more at: http://www.utsandiego.com/news/2013/apr/13/tp-new-homes-getting-hard-to-find-in-san-diego/

Disclaimer: for information and entertainment purposes only