With San Diego real estate moving in an upwardly direction over the past couple of months recent interest rates could slow home buying activity. Home buyers in San Diego have been, in some areas of the county, fighting over homes that come up for sale. Many San Diego home buyers have offers in on short sales and jump all over the bank owned REO foreclosures the day they hit the market. Unfortunately the bank owned REO’s already have offers on them the day they come up for sale and sometime even before they show up in the MLS.
This has many home buyers frustrated and wondering what they have to do to get a house or condo in today’s San Diego Real Estate Market. Another issue that has been waiting to rear its ugly head is interest rates. When interest rates rise home buyers see their purchasing power reduced. Keep in mind when interest rates go up the monthly payment for a homebuyer also goes up and sometimes more than what they are comfortable with. Many times the lender will have to reduce the purchase price of what the homebuyer can qualify for.
This scenario can also have a real negative effect on the real estate market in general. If a home buyer wanting to buy a home has had a certain purchase price and monthly payment in mind for a certain size and quality of home and then they’re told that they can’t buy the same home at the same monthly payment, many of them will decide not to buy. Some will wait for the homes that they were recently able to buy at a certain price range to come down into the loan amount of what the comfortable monthly payment is that they had already had their hearts set on. Some of them won’t be able to afford the same home they thought they could buy and won’t settle for less of a home now. These factors could show a decline in demand and then a decline in home prices. We’ll have to wait and see. Oh, and don’t forget about the foreclosures to keep the median home price in San Diego from gaining too much ground. There are a few years of that left.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Ashlon Langley Writer and Director of The Car a 1970’s film starring James Brolin was interviewed on Shameful Cinema. I write many Blog posts about San Diego and San Diego Real Estate and after reading the Ashlon interview about this 1970 movie I thought I would deviate and write about something out of the ordinary. I like the 1970’s low budget movies without all of the special effects and outspoken actors of today’s Hollywood. Ashlon responding to a question from the interviewer Andy about the car design he said;
Ashlon: The under-cranking was reminiscent of the Adams Family and The Munsters television series, making that quality silly to me. However, the design is choice! I love that one of the confusing points for the cops in the movie is that they can’t tell what make or model the beast is. And… it has no tags! If only they could get a license plate, the bungling cops could stop all the mayhem, yeah right!
I wrote about this movie and this interview because things are also reminiscent of the 1970’s even though it’s 2009. We are now like in the early 70’s in a recession and inflation is due to rise. America has taken a hit in the pride department due to the media’s constant attack on the good things America stands for and good things the United States does for so many around the world. The 70’s brought about the 80’s and the economy started gaining ground again and Americans had a lot of good things to feel good about. Watch The Car if you can and read the Ashlon interview. It’s truly entertaining.
If you need help buying a home, condo, Bank Owned REO, Foreclosure or Short Sale in the San Diego area including Chula Vista make sure you contact us we’re your San Diego Realtor.
The San Diego Housing Commission or SDHC has several home buyer assistance programs for San Diego home buyers. Some of the different home buyer assistance programs include deferred loans, grants for down payments and closing costs, tax credits, and opportunities to purchase homes at below market rate prices. This San Diego home buyer assistance program allow a home buyer to purchase a home anywhere in the City of San Diego. This means that the area must start with the Zip Code 921. This encompasses a huge area of San Diego and includes thousands of homes currently for sale.
Most of these home buyer assistance programs in San Diego are for first time home buyers except for the For Sale Affordable Homes Program. A San Diego First Time Home Buyer is defined as a buyer that has not owned any real estate in the previous 3 years. There are also maximum purchase price limits and area median income restrictions as well.
Some of the programs are:
* 3% Interest Deferred Loan
* Grants for Down Payments and Closing Costs
* Mortgage Credit Certificates (MCC). Can be used for San Diego bank owned properties.
* For Sale Affordable Homes
Do you want a list of San Diego Foreclosures? If so we can help you with that. There are thousands of foreclosures in San Diego County and the list changes every day. We thought about putting a daily San Diego foreclosure list together but then thought why not just give the San Diego foreclosure search tools to the buyers. That way a buyer looking for a foreclosure in San Diego or even the whole state of California can search foreclosures by zip code, price, size and any other possible search criteria.
This service costs us money but we feel that if a client wants to search for a foreclosure, why not give them the tools real estate experts use. Buyers then know how serious we are about helping them find a San Diego foreclosure by letting them use our expensive foreclosure analyzer tools for free. A list of foreclosures in San Diego is ineffective compared to how these tools can help you locate the perfect San Diego foreclosure. When you’re ready to buy a San Diego Foreclosure make sure you call us the San Diego Foreclosure Experts!
In 2009 San Diego Home Buyers are getting on board with the program. According to the National Association of Realtors many home buyers are out buying homes. Pending home sales has increased which is a great sign for the U.S. Real Estate Market. Pending home sales are measured by the Pending Home Sales Index which is a forward looking indicator based on purchase contracts signed in December. The index for December 2008 rose 6.3% over the November 2008 reading and this is 2.1% higher than December 2007. In the west we are seeing a17.5% higher number than the same month last year.
NAR states that the Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
NAR – National Association of Realtors stated that the improved affordability conditions such as low interest rates and cheaper homes were a factor to the increase in pending sales. Another great statistic for December 2008 was that the Housing Affordability Index rose to 10.9 %. NAR stated it was the highest on record. This is a very positive trend going into 2009.
Many areas of San Diego and Chula Vista have seen a jump in pending sales in early 2009. I have also been getting many more phone calls and emails from people wanting to buy a home in 2009. If you are ready to buy a home in 2009 please give us a call.
I’m Dawn Lewis and I’m a San Diego Realtor. You have just found the best San Diego Real Estate web site for searching for San Diego Real Estate. I hope it helps you with your San Diego home or condo search and answers questions you have about San Diego real estate. Please use the tools and features like the San Diego MLS with its great maps and community information.
My Experience:
Realtor® in San Diego Since 1989
SOLD well over 1,500 Homes
San Diego Top Producer
San Diego Relocation Expert
Top Real Estate Negotiator
San Diego New Home Sales Expert
San Diego REO Listing Agent
San Diego Foreclosure Expert
Short Sale and Foreclosure Expert
Winner of many Real Estate Awards in Sales and Customer Service
As you can see I have been a real estate agent in San Diego for quite some time. Please put my experience to work for you and give me a call today.
San Diego Real Estate Blog
Home buyers in San Diego are enjoying the low interest rates in 2009. Many home buyers have been sitting on the fence for quite some time and many San Diego home buyers are saying yes in 2009. During the first month of January in 2009 I have noticed an increase in buyers looking into buying a home in San Diego. With foreclosures and short sales dominating many of the areas and price ranges the pickings are ripe.
The interest rates being low allow a potential home buyer to have a lower monthly payment or buy a more expensive home. This basically means they can get more for their money or buy the same size home they have had their eye on and have a lower monthly house payment. I have worked with many San Diego first time home buyers and have found that they are amazed that they are able to buy a home at such an affordable price and such a low monthly payment. Just a couple of years ago many first time home buyers thought they were priced out of the San Diego Real Estate Market forever. Now many can buy and have a monthly payment for what they’re renting for.
If you’re interested in buying a San Diego home or condos contact us today.
Start your San Diego ForeclosureSearch today.
Sailors and Marines relocating to San Diego can count on local real estate expert Dawn Lewis and her team to help them relocate to San Diego. The Navy and Marine Corps make up the vast majority of the military presence in the San Diego area and are a vital factor tothe identity of San Diego and its long military history. Dawn Lewis and her team havehelped many Sailors and Marines and their families with relocation to San Diego and have done so with attention to detail that would make an Admiral or General proud.
San Diego is home to thousands of Sailors and Marines and there are several large Navy and Marine Bases in San Diego County. Whether you are an officer or enlisted we can help you find just the right home or condo for you and for your family. We respect your time and your family’s time and will work within your schedule to show you properties that meet your criteria for a new home in San Diego.
If you’re relocating to San Diego within the next 6 months contact us now and we can start emailing you homes and condos in the areas of San Diego you are considering relocating to. We can also get you hooked up with a great local lender to start the VA Loan process. We can email you information about things in communities that will help you choose where you’re going to call home after you arrive to your new duty station in San Diego. Our local Military Relocation Real Estate Agents can help with your decision making process because of their knowledge of the areas they specialize in.
If you’re in the Military in San Diego and you need housing make sure you contact us. We have helped San Diego’s Military with housing for over 20 years. When buying a house in San Diego as someone in the military or a military family you should work with a team that has helped countless military families relocate to San Diego. For some military house buyers it’s important to be close to the San Diego Military Bases they’re stationed at. We can help you with military housing in San Diego in the areas of; Miramar, Camp Pendleton, Coronado, North Island, Commander Navy Region Southwest and other San Diego Bases. We enjoy helping military personnel and military families find housing in San Diego California and have many experienced agents on standby for immediate assistance. Many of our Real Estate Agents are Veterans and they understand the military lifestyle and its challenges. We can also refer you to a lender than can help you with a VA Loan.
When you need help with San Diego Military Housing make sure you contact us. Where agents know it’s more about the people than the house.Dawn Lewis and The Dawn Lewis Team
San Diego Military Housing Expert
Relocation to San Diego for Military including, Marines, Navy, Army, Air Force and Coast Guard by Military Relocation Experts Dawn Lewis and The Dawn Lewis Team. If you’re in the military or part of a military family relocating to San Diego California we can help you find your new San Diego home or condo. We have helped many military families move to San Diego and have a proven track record of San Diego Military Relocation. There are many military bases in San Diego and many different areas to move to in San Diego County.
We honor our military and military families for serving our country. Many of the Real Estate Agents on our team are veterans or spouses of veterans so we understand the military life. We would be honored to earn your business. If you are in the Military or part of a Military Family relocating to San Diego make sure you contact us. We are local San Diego Realtors and we are here to help. Contact us.
San Diego have been, in some areas of the county, fighting over homes that come up for sale. Many San Diego home buyers have offers in on short sales and jump all over the bank owned REO foreclosures the day they hit the market. Unfortunately the bank owned REO’s already have offers on them the day they come up for sale and sometime even before they show up in the MLS.
need housing make sure you contact us. We have helped San Diego’s Military with housing for over 20 years. When buying a house in San Diego as someone in the military or a military family you should work with a team that has helped countless military families relocate to San Diego. For some military house buyers it’s important to be close to the 
