Monthly Market Report – OCTOBER 2021

This could be the right time to consider buying or selling property, let’s connect and we can discuss the local San Diego market. Just send me an email or call 619-888-2117. Lisa Ashkins, MA, CNE – Broker Associate, DRE#01764182 – Coldwell Banker West

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Understanding CA-SB 9

Senate Bill 9 is a 2021 California state law that allows up to 4 homes in most single-family zones, regardless of local zoning. You can use SB 9 to split your lot, add a 2nd home to a lot, or both (split lot and have 2 homes on each lot for a total of 4 […]

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The Main Key To Understanding the Rise in Mortgage Rates

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: […]

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The Hidden Costs Many First-Time Homebuyers Have Never Heard Of

Many of today’s homebuyers are suffering from sticker shock—and not just over astronomical home prices. Nearly half of homeowners, 44%, report they weren’t aware of the costs associated with buying a home, according to a Realtor.com® survey in July of nearly 3,000 adults, including 1,800 homeowners. (About 400 of the respondents were buyers who purchased […]

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The Difference in Net Worth Between Homeowners and Renters Is Widening

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays […]

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Just Listed

Statuesquely perched on a corner lot in the Burlingame Manor tract of North Park, sits this 2-story Spanish Colonial Revival masterpiece with a casita above the garage. Designed by master architect Charles Salyers and built in 1926 for the Greenman family (the original blueprints are intact!), its provenance makes it a likely candidate for historic […]

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