If you’re considering selling your home now, you might be thinking, Why didn’t I do this a year ago? The 13-year residential real estate bull market came to an abrupt end in 2022 as skyrocketing mortgage rates undermined would-be buyers’ purchasing power. A buyer who can afford a $2,500 monthly mortgage payment could have borrowed around $600,000 when mortgage rates
According to NPR Marketplace, “Last week, rates on 30-year-fixed mortgages hit their lowest levels in four months after surpassing 7% in October. The volatility in mortgage rates caused by Federal Reserve interest rate policy, among other factors, has cooled the U.S. housing market in some cities more than others…For an on-the-ground look at how it’s played out in markets disrupted
“The magic in new beginnings is truly the most powerful of them all.”―Josiyah Martin
San Diego is such a beautiful city with so much to see and so much to do!
San Diego is a great place to visit in January, especially if you live in an area where it’s cold, with snowy weather and dreary, gray skies. The thing
Whether you are selling your home or not, there is value in knowing which home improvement projects will net you the most Return on Investment (ROI). Spending time and money on a project that isn’t worthwhile or has a design that is too specialized for some homeowners is not something you want to do.
There are different areas you can
I’m fond of the writing of Edgar Allan Poe and recently revisited The Fall of the House of Usher – a short story assigned in school to introduce us to the short-story form, symbolism and setting.
Here’s the first paragraph:
“During the whole of a dull, dark, and soundless day in the autumn of the year, when the clouds hung
Saving for a down payment is probably at the top of your mind when you start the home-buying process. However, you can still have concerns regarding the process, such as how much to save and how to get started.
If you identify with that, your down payment might be more affordable than you initially imagined.
The majority of mortgage lenders
Writings about residential real estate and all things home, by Cynthia Cummins
Reading time: 1 minute
Twice or thrice in my adult life, I’ve been inadvertently brilliant when it comes to a home décor choice. You know what they say: “Necessity is the mother of invention.”
For example, I placed a side table on top of a capped drain for
Once again, here’s the real estate news you’ve been waiting for!
“Money is the best deodorant” ~ Elizabeth Taylor
If you’re sweating the current economic climate, you’re not alone. It’s been a roller-coaster year and that ride is likely to continue. Buried in the middle of the second section of this newsletter (and visible in the median growth chart) is
San Diego has a reputation for being a difficult city to find a home in, and it still is. At the moment, the housing market in San Diego is the most expensive in the country.
Still, homes were moving very quickly. In San Diego, a home spent an average of 7 days on the market. However, we are currently returning to
Writings about residential real estate and all things home, by Cynthia Cummins
Reading time: 1 minute
I’ve been accused of being the sole cause of the housing crisis in San Francisco. (Would it were so! I’d instantly change my ways and save everybody a whole lot of heartache.)
I’ve received phone calls attacking me for being greedy and sleazy. I’ve