Welcome To Our San Diego Real Estate Blog

Thank you for visiting our blog. Your source for information on the local and national housing market, short sales and foreclosures.

Feb. 5, 2013

Lending Standards Loosening?

Celia Chen, an economist for Moody’s Analytics, recently reported on her projections regarding mortgage standards throughout 2013.

“The housing recovery began in earnest in 2012, despite constraints placed by a still-tight mortgage lending environment. This year promises improvements as the drivers of tough credit standards reverse.

First, consumer credit quality is improving, which will help increase the number of creditworthy borrowers. Second, policymakers, regulators and courts are ironing out the legal and regulatory issues that cast a pall of uncertainty over the mortgage industry. Combined with mortgage interest rates that will remain low, mortgage credit will be more accessible to households this year, although still not back to normal. Nonetheless, a slight opening of the credit spigot is a positive for the housing outlook.”

She warns that normal credit standards will not return for some time as new QR and QRM rules are determined.

 

“On the supply side, easy credit is still a long way off as lenders loosen incrementally from very high standards: The share of loans originated for borrowers with the highest credit score has remained large, averaging 82% in the last two years, compared with 50% in 2005 and 2006. New rules issued by the Consumer Finance Protection Bureau in January keep mortgage standards high and credit tight, as lenders will be required to fully document every borrower’s income, employment and assets regardless of credit history. Other rules will effectively ban loans with interest only or negatively amortizing payments.”

 

However, she sees things improving as we move through the year because there is less risk for the banks now that house prices are again appreciating.

 

“Finally, rising house prices give lenders more breathing room to extend credit. Over the last 18 months, large lenders have loosened or left standards stable on prime loans that dominate mortgage originations, reports the Federal Reserve’s survey of senior lending officers.”

 

What Impact Will This Have on the Housing Market?

“Although mortgage supply will remain constrained, improved consumer credit quality combined with steady growth in jobs, low mortgage interest rates, and modestly rising house prices means that more households will be able to qualify for a mortgage. Greater credit availability will in turn help drive stronger home sales and stronger price appreciation and help keep the housing market and economy on an upward path.”

 

Jan. 10, 2013

January around San Diego

 


January 12
Ray at Night
Visit North Park’s eclectic art and culture neighborhood and be inspired by all the creative energy from local and nationally known artists. Live street music and local food vendors will be on site to make for a fun and unique Saturday evening in North Park!

Time: 6:00 pm – 10:00 pm
Location: Ray St., North Park, San Diego – see website for map

For more information visit www.northparkarts.org
 

January 13
Petco Walk.Run.Wag 5K9
The Petco Walk.Run.Wag.5K9 is a 5k and 1-mile run and walk for people with or without a dog. The event will include a pet and fitness expo. Refer to website for registration information.
 

Time: 7:00 am - 2:00 pm
Location: Wyland Center, Del Mar Fairgrounds, Del Mar

For more information visit www.walkrunwag.com
 

January 13 – 18
San Diego Restaurant Week
Extraordinary three-course menus from San Diego’s best restaurants. Choose from over 180 of the city’s best restaurants and enjoy a fixed price, three-course dinner. There will also be two-course lunches available. Refer to website for price information.

Time: Refer to website
Location: Various Locations throughout San Diego County

For more information visit www.sandiegorestaurantweek.com
 

January 18 – 20
Del Mar Antique Show
More than 250 premier antique dealers from all over California and the western United States will be selling the finest in antiques and collectibles. Appraisal and restoration services are also available. Refer to website for admission information.

Time: Fri/Sat: 11:00 am – 7:00 pm, Sun: 11:00 am – 5:00 pm 
Location: O’Brien Hall, Del Mar Fairgrounds, Del Mar

For more information visit www.calendarshows.com
 

January 18 – 20
Gem Faire 
The Gem Faire, established in 1989, has become a world-renowned marketplace for the finest in gemstones, beads, jewelry, minerals, fossils, meteorites, lapidary equipment, metaphysical items and much more at the lowest prices in today’s market. Refer to website for admission information.

Time: Fri: 12:00 pm – 6:00 pm, Sat: 10:00 am – 6:00 pm, Sun: 10:00 am – 5:00 pm 
Location: Bing Crosby Hall, Del Mar Fairgrounds, Del Mar

For more information visit www.gemfaire.com
 

January 20
Bridal Bazaar
At the January Bridal Bazaar there will be thousands of wedding ideas, fashions, products and services all in one place. There will be more than 300 of San Diego’s most trusted wedding professionals offering everything you need to make your wedding extraordinary; ceremony and reception locations, photographers, videographers, DJs, musicians, cake and catering options, the latest trends in florals and decor from San Diego’s leading designers, and much more!

Time: 10:00 am – 4:00 pm 
Location: San Diego Convention Center - Hall C, 111 W. Harbor Dr., San Diego

For more information visit www.bridalbazaar.com
 

January 20
Annual Martin Luther King Jr. Parade
This is an annual event commemorating the legacy of Dr. Martin Luther King. The Parade features marching bands and floats, drill teams, dance groups, and other community groups.

Time: 2:00 pm 
Location: Embarcadero, Harbor Dr., San Diego – refer to website for map

For more information visit www.alpha-zsl.org/mlkdayparade.html
 

January 21 – 27
PGA Tour Golf Tournament 
San Diego is the host for the “Farmer’s Insurance Open” at the exclusive Torrey Pines Golf Course. Refer to website for complete schedule, tickets, and local event details.
 
 
Time: Opening round 24th: 8:30 am
Location: Torrey Pines Golf Course, 11480 North Torrey Pines Rd., La Jolla

For more information visit www.pgatour.com
 

January 24 – 27
San Diego Sunroad Boatshow
The San Diego Sunroad Boatshow is complete with both land and in-water locations, focusing on the latest boats and marine equipment. This year’s show includes over 100 new and pre-cruised sailboats and motor yachts, dozens of marine vendors with the latest nautical products and services, delicious food and drink sponsored by local restaurants, and special boating events and boat rides for kids and adults. This is a free event.

Time: Thurs/Fri: 12:00 pm – 6:00 pm, Sat/Sun: 10:00 am – 6:00 pm 
Location: Sunroad Marina, 955 Harbor Island Dr., San Diego

For more information visit www.sandiegosunroadboatshow.com
 

January 26 – 27
San Diego Cat Fanciers CFA All-Breed Cat Show
Nearly 450 of the nation’s finest cats will vie for top honors at “Food & Water Bowl XX,” the largest annual cat show on the West Coast. San Diego County residents may enter their cats in the Household Pet Class. Selected cats will be available for adoption from shelter and rescue organizations. Pedigree kittens will also be for sale. See website for admission information.

Time: Sat: 10:00 am – 5:00 pm, Sun: 9:00 am – 5:00 pm  
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar

For more information visit www.sandiegocat.org
 

January 26
3rd Annual Stephen Strasburg 5K with Tony Gwynn
This is a family-friendly event that will include games and fun for everyone. After the walk and fun run there will be lots of activities for all ages. There will be live music, food court, kids fun zone, and more. See website for registration information.

Time: 7:00 am
Location: Tony Gwynn Stadium, San Diego State University, San Diego

For more information visit www.strasburg5k.com
 

January 26
5th Annual Big Bay Whale Festival
The Whale Festival is a family community event offering a wide variety of interactive and hands-on displays to spark the interest and imagination of any child. Activities include a kid’s art mural coloring project, a giant inflated obstacle course, a trackless train, a bounce house, and live music on the “Whale of a stage.” This is a free event.

Time: Refer to website
Location: Port Pavilion on the Broadway Pier, San Diego

For more information visit www.whaledays.com
 

January 27
Carlsbad Marathon & Half Marathon
The Tri-City Medical Center Carlsbad Marathon features a rolling course, including 14 miles along the Pacific Ocean. The course includes 26 fully staffed support stations, continuous entertainment and unsurpassed volunteer support. The marathon and half marathon start and finish at Westfield Plaza Camino Real. The Health and Lifestyle Expo runs Friday thru Sunday. Refer to website for registration information.

Time: 5:00 am – 2:00 pm 
Location: Westfield Plaza Camino Real, 2525 El Camino Real, Carlsbad

For more information visit www.carlsbadmarathon.com
 
Jan. 10, 2013

San Diego Restaurant Week

                                         6 Days...180 Restaurants 

One of our Favorite times in San Diego! $20-$40 to experience all the great food San Diego has to offer. Experience cuisine that delights your palate and defines the art of dining in San Diego. Held twice annually, this beloved culinary tradition features discounted prix fixe menus from more than 180 of San Diego's best restaurants in 12 unique regions throughout San Diego County.

No tickets or passes are required. Food lovers may simply dine out at as many participating restaurants as they like during San Diego Restaurant Week.

 

For a list of participating restaurants click here

Dec. 12, 2012

Where to get your Ice Skating on in SD?

The reality that we’re far from the snow and sleet here in San Diego isn’t enough to stop us from enjoying all the fun activities that come with the cold weather. In fact, there are several enchanting rinks and arenas in our beautiful city that allow us to have an incredible skating experience on ice. Grab your loved ones, bundle up and get ready to have some winter fun.

 

A few of our favorite seasonal ice skating rinks pop up during the holidays at the Hotel Del Coronado and Westfield Horton Plaza. More year-round fun on the ice can be found at Westfield UTC La Jolla, Iceoplex in Escondido, Salvation Army Kroc Center and the San Diego Ice Arena. Who says you can’t have the best of both worlds? In San Diego, you can experience winter wonderland on a warm and sunny afternoon.

 

 Here is where in San Diego you can ice skate this holiday season!

Sycuan’s Fantasy on Ice - Horton Plaza

Skating by the Sea - Hotel Del Coronado

 UTC Ice at UTC La Jolla

 Iceoplex in Escondido

 San Diego Ice Arena

 The Salvation Army Kroc Center

 

For me info visit here

Dec. 6, 2012

San Diego December Events

 


December 7
Coronado Christmas Parade - Open House - Snow Mountain
Santa arrives by ferry and a festive parade along Orange Avenue follows, while merchants keep their doors open late for shopping. There will be a snow mountain and tree lighting by Santa himself. This is a free event.
 

Time: 3:00 pm – 9:00 pm 
Location: Ferry Landing Marketplace - Coronado

For more information
 

December 7 – 8
Balboa Park December Nights
Balboa Park holiday extravaganza features two days of light displays, musical and dance presentations, plus shopping, holiday food, and spirits. This is a free event.

Time: Fri: 5:00 pm – 10:00 pm, Sat: 12:00 pm – 10:00 pm
Location: Balboa Park, San Diego – Refer to website for map

For more information visit www.balboapark.org/decembernights
 

December 8
Mission Bay Christmas Boat Parade of Lights 
A decorated and lighted boat procession will parade in single file on Mission Bay, some boats broadcasting holiday music. The parade ends with a firework display and the lighting of the SeaWorld Skytower Tree of Lights.
 

Time: 7:00 pm – 9:00 pm 
Location: Mission Bay, San Diego – Refer to website for specific locations

For more information visit
 

December 9
5th Annual Gaslamp Quarter Holiday Pet Parade 
A pet parade where pets and people can dress up in costume and march in a parade through the Gaslamp Quarter with the hope to win a prize.
 
 
Time: 1:00 pm – 5:00 pm, Parade: 3:00 pm
Location: Gaslamp Hilton Park, 4th Ave. & K St., San Diego

For more information visit www.gaslamp.org/pet-parade
 

December 9
Santa at the Lakes 
Snow comes to Santee! Enjoy a day in sunny Santee with Santa, sledding, pony rides, craft booths and more for a fun-filled day.
 
 
 
Time: 11:00 am – 5:00 pm 
Location: Santee Lakes Recreation Preserve, 9310 Fanita Parkway, Santee

For more information visit www.santeelakes.com
 

December 9 & 16
41st Annual San Diego Bay Parade of Lights
This event features a large fleet of private craft decorated and illuminated for the holidays. The boat parade will travel a 7-mile route from Shelter Island to Coronado. This is a free event.
 
Time: 5:30 pm – 9:00 pm
Location: San Diego Bay, San Diego – Refer to website for map

For more information visit www.sdparadeoflights.org
 

December 14 – 15
Christmas in the Village 
There will be a holiday parade, strolling minstrels, carolers and street entertainers, food & commercial vendors, Santa, carnival rides, ponies, puppet shows, horse-drawn carriages and even bonfires along the Boulevard.
 
 
Time: 5:00 pm – 10:00 pm
Location: La Mesa Blvd., La Mesa

For more information visit www.lmvma.com
 

December 15
Pacific Beach Holiday Parade
This event features a holiday parade in Pacific Beach with floats, marching bands, children marching groups, community groups, color guards, clowns, and Santa Claus.
 
 
Time: 1:00 pm – 4:00 pm 
Location: Garnet Ave., Pacific Beach

For more information visit www.pbholidayparade.org
 

December 15 – 31
Jungle Bells 
Starting December 15th, the San Diego Zoo is transformed into a magical winter wonderland. You’ll find a nightly tree-lighting ceremony, bell ringers filling the air with music, and lighted animal figures dotting the grounds. Free with zoo admission.
 
 
Time: Refer to website for specific times and dates 
Location: San Diego Zoo, 2920 Zoo Dr., San Diego

For more information visit www.sandiegozoo.org 
 

December 16
Hot Buttered Rum 10K & Kids Kandy Kane Race
An athletic event with a holiday theme! The race chute is lined with decorated Christmas Trees, and festivities at the finish that include hot buttered rum and hot chocolate, music, awards, a Kids Zone, Santa Claus, and gift shopping.

Time: 8:00 am – 1:00 pm
Location: Paradise Point, 1404 Vacation Rd., San Diego
 
 

December 18
5th Annual Poinsettia Bowl Gaslamp March
The marching bands from each of the competing schools in the Poinsettia Bowl will parade in the Gaslamp Quarter, beginning at opposite locations and meeting mid-way on their route where they play their music together (Battle of the Bands) and then continue onward, separately. This is a free event.
 
Time: 6:00 pm 
Location: Gaslamp Quarter, Downtown San Diego
 

December 20
San Diego County Credit Union Poinsettia Bowl 2012
San Diego State University Aztecs play the Brigham Young University Cougars in the eighth annual San Diego County Credit Union Poinsettia Bowl.

Time: 5:00 pm 
Location: San Diego Qualcomm Stadium, 9449 Friars Rd., San Diego

For more information visit www.poinsettiabowl.net
 

December 21 – 22
2nd Annual Holiday Wine & Food + Pet Festival
This festival is the largest holiday celebration for pets and children in the southwest. There will be one-of-a-kind gifts, Santa Claus, and holiday pet tricks and costumes.
 

Time: 10:00 am – 6:00 pm
Location: San Diego Childrens Park, Martin Luther King Promenade, San Diego –
Refer to website for map

For more information visit www.thekidsofamerica.org
 

December 26 – 30
Garden of Lights - San Diego Botanic Garden
Over 100,000 lights will illuminate the Gardens! Festivities include horse-drawn-wagon rides, holiday crafts, marshmallow roasting, visits with Santa, live music, and refreshments.
 
 
Time: 5:00 pm – 9:00 pm 
Location: San Diego Botanic Garden, 230 Quail Gardens Dr., Encinitas

For more information visit www.sdbgarden.org
 

December 27
Port of San Diego Big Bay Balloon Parade
America’s Largest Balloon Parade! Massive inflatables, numbering more than any other parade in the nation, colorful floats, unique drill teams, and marching bands, the Budweiser Clydesdale horses, and the Wienermobile!!!
 

Time: 10:00 am 
Location: Downtown San Diego – Refer to website for map

For more information visit
 

December 27 – 30
San Diego International Auto Show
Big cars, little cars, old cars, new cars, special cars, and more cars! 
See website for ticket information.

Time: Thurs – Sat: 10:00 am – 9:00 pm, Sun: 10:00 am – 7:00 pm 
Location: San Diego Convention Center, 111 West Harbor Dr., San Diego

For more information visit www.sdautoshow.com  
 

 

Nov. 27, 2012

US Consumer Confidence at all time high in 5 Years!

This morning the Associated Press published the highest level of Consumer Confidence in almost 5 years! The rising confidence is directly related to steady improvement of hiring. 

The Conference Board says its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.

Americans are more optimistic because they see the job market getting better. Employers added 171,000 jobs in October and more jobs were created in August and September than first thought.

When Americans are feeling confident in the economy, Real Estate sales reflect the increase. Whether buying, selling or investing now would be the time to get off the fence and get in the real estate game! 

 

  

If you have question about your property or want to know more about the bustling San Diego real estate market contact our team today! We are here to help. Check out our website for more info San Diego Homes for sale or San Diego Condos for sale

 

 

Nov. 13, 2012

San Diego Real Estate is on the Rise!

Median Home Prices Rise to $400,000

 

Can you smell it? Its the smell of real estate moving again in San Diego....and its about time! The median price of a single family home last month was $400,000, up 13 percent from October 2011, according to the San Diego Association of Realtors. The median on condos and townhomes sold last month increased 19 percent to $246,000. If you were waiting for the bottom, we think you missed it.

Not just the prices have increased, so have the number of sales in San Diego. Sales of existing detached homes increased 10 percent in October from September, to 2,071. The sales of condos and townhomes increased 6 percent over the same month to 882.

Compared to October 2011, sales of detached single family existing homes were up 34 percent. For condos, sales grew by 18 percent over the full year.

Said Donna Sanfilippo, SDAR’s president: “Homes are moving and prices are increasing. … San Diego is becoming a real estate town again.”

If you have question about your property or want to know more about the bustling San Diego real estate market contact our team today! We are here to help. Check out our website for more info San Diego Homes for sale or San Diego Condos for sale

 

 

March 21, 2012

Are You Scaring Away Potential Buyers?

By Andrew Hill @ www.newhomesource.com


So you’re trying to sell your home, but you’re having a hard time making the transition from potential buyers to a sold home. Or maybe this is the first time you’re considering selling you home. Regardless of your situation, we have provided a few tips for things to avoid as you begin the process. Of course, these are just our helpful suggestions. If there’s one thing you should always consider, it’s hiring a realtor. Heeding the knowledge and advice of a good realtor will always be a great choice when engaging in real estate.

For starters, unless your buyers are led to your house in a blindfold, the first thing they will notice is your home’s exterior. If you hope to have a substantial number of home tours, you must grab their attention from the street. Trim the grass, plant new flowers, and give your house a fresh coat of paint. You wouldn’t look at a house that looked unkempt, would you? Sagging doors or a cracked window can make your traffic dwindle significantly. Another key consideration that must be tended to is your gutters. Yes it’s a pain, but by cleaning them you’ll be killing two birds with one stone. You’ll clean up a lackluster appearance and eliminate drainage problems- a factor that will be conscious in the minds of savvy homebuyers.

The second thing your homebuyers will notice after the exterior is what they will smell upon entering your home. Cigarette smokers, animal lovers, and generally messy homeowners beware- you’ve got a lot of work to do. Even if you don’t fall under those categories, you still need to make sure your home smells nice. This does not give you license to sporadically spray aerosol cans and perfume before your guests arrive. Try using baking soda, steam cleaners, or wiping your walls with vinegar to banish those smoky and pet-related smells. While you’re at it, a fresh coat of paint will do wonders on the eyes and noses of potential buyers.

Furthermore, if you do have pets at your house, make sure you board them or keep them away during a showing. Although you may love having Fido greet you at the door, many people are afraid of dogs. This is a simple rule to follow, so don’t let your pets break thedeal for you.Under no circumstances should you put them in the garage or another room and ask your visitors to not inspect that room.  Asking your homebuyers to not inspect a room is a sure fire way to end any chance of selling your home.

We hope you enjoyed these tips. For more advice on how to properly stage your home, be sure to consult your realtor!

 

 

 

Posted in Real Estate
Feb. 24, 2011

Finding The Right San Diego Neighborhood

Finding The Right San Diego Neighborhood

There are many factors to consider when you are searching for a home in San Diego. You’ll want to find a home that has enough space to allow you to grow while still matching your taste and budget.

One aspect about your home that you should not overlook is location. A perfect house in the wrong neighborhood will lead to regret and disappointment. A key selling factor used by real estate agents is location. These agents understand that location counts for more than the size and style of the house. A smaller house in the right San Diego neighborhood is better than a slightly larger house in the wrong location. This can be challenging, however, since everyone has their own opinion on what a good neighborhood really is.

There are a number of prime locations that you should consider depending on your budget and your idea of the right kind of neighborhood. 

Cost of living

Take into consideration the cost of living in different neighborhoods. In some areas, the government charges more for property tax than other parts of town. Some San Diego cities also have Mello-Roos fees that are due yearly in addition to property taxes. Building laws in particular neighborhoods may also increase the cost of remodeling your house.

Schools

It is important to consider the availability of good schools and colleges if you have children or if you are planning to start a family. You can do some quick online research on the availability and standards of schools and colleges in different neighborhoods and also ask your agent for any feedback he has heard about schools in various areas.

Transportation

Transportation should be one of the things that is at the top of your list when you are searching for the right San Diego neighborhood. The distance from your house to the office and the city center where important amenities are located should be considered. If you drive your options will be more open, but if you rely on public transportation, your options will be reduced depending on the availability of transportation.

Amenities

Availability of amenities like shopping malls, entertainment facilities and restaurants is important. You can take a drive around different neighborhoods and see for yourself some of the social amenities provided. It is a good idea to purchase property that is in close proximity to your favorite places.

Safety

The general safety of a neighborhood is very important. You can go through police websites for statistics on crime and other safety indicators for different locations. Do not buy property in crime prone areas regardless of how attractive a home may seem. The safety of your family comes first.

The neighborhood that is going to be right for you and your family will be based on numerous factors. Make sure that you explain to your real estate agent exactly what kind of area you think is right and take any suggestions they make to heart. You’ll be able to make a better-informed decision once you learn everything you can about the various neighborhoods in San Diego.

When searching for San Diego Homes for sale or San Diego Condos for sale, do not hesitate to contact our team. 

Oct. 14, 2010

Attorney Generals To Investigate Foreclosure Process

Officials in 49 of our 50 states and the District of Columbia have launched a joint investigation in the allegations that documents involved in the foreclosure process were mishandled in the foreclosures of thousands of homes throughout the US. During their investigation, the attorneys general will be verifying whether documentation was incorrectly handled and/or false statements were made. Alabama is the only state that has not joined the investigation.

In a joint statement, the officials said they would review evidence that legal documents were signed by mortgage company employees who “did not have personal knowledge of the facts asserted in the documents.” They also said that many of those documents appear to have been signed without a notary public witnessing that signature — a violation of most state laws.

This all comes on the heels of the announcements made by many of the larger lenders that they are currently freezing foreclosures in many if not all states. Currently Ally Financial's GMAC Mortgage Unit, Bank of America and JPMorgan Chase have announced the foreclosure freeze, along with many other smaller servicers.

Wells Fargo, CitiGroup and Litton Loan Servicing have all said that they are not halting any of their foreclosures, but are conducting reviews of their process and making modifications as needed. A spokesman for Wells Fargo, one of the nation's largest loan servicers, said the bank is conducting additional reviews of documents, but is not freezing foreclosures. Litton said in a statement that it "has suspended foreclosure proceedings in certain cases while it completes a review of its procedures."

Ally Financial (previously GMAC), announced Tuesday that they have hired outside accounting and legal firms to review their foreclosure procedures in all 50 states. They have said they will be reviewing the overall process, not individual cases. They have also said they will review pending foreclosure sales to ensure that all documents are accurate while continuing to temporarily suspend evictions and post foreclosure proceedings in 23 states.

Bank of America is the only bank that has halted foreclosures in all 50 states. The other banks have only halted in the 23 states that require a judge to sign off on the foreclosure. Because of this, California home owners will see little affect of the foreclosure freeze. We are hopeful that this will further help to entice the banks to move forward with their short sale approvals while going through this review process.

If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team.

Posted in Real Estate