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You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s target rate at their December meeting. For only the second time in a decade, this is exactly what happened. There were many factors that contributed to the 0.25 point increase (from 0.50 to 0.75), but many are pointing to the latest jobs report and low unemployment rate (4.6%)Read More →

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According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous generations have been able to achieve (i.e. homeownership, investing for retirement). CoreLogic used the information provided on rental applications and the applicants’ credit history from credit bureaus to determine if there was a correlation between student loan debt and credit scores. The analysis concluded that: “Student loan debt did notRead More →

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There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you? Christina Boyle, Senior Vice PresidentRead More →

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Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). Instead of the seller trying to ‘win’ the negotiation with one buyer, they shouldRead More →

fixer upper, fixer upper homes, fixer upper properties

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In: Home Buyers, Homes for Sale, San Diego Real Estate

Fixer Upper Homes for Sale in San Diego- Free Service Get Access to San Diego Fixer Uppers Fixer Uppers in San Diego may represent some of the best home buys on the market but that depends on your timeline and your threshold for remodeling and surprises. Working with someone who can help you assess potential and risk when looking at fixer upper homes can save you 10’s of thousands of dollars and if you’re interested in investments can make you a even of more. Whether you want to buy and put love into a home to make it your own or if you’re interested inRead More →

Halloween 2016

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In: San Diego Real Estate

Have a safe and fun Halloween from Lenora Lostaunau, MA & REALTOR. Get home values and search homes at http://LLSellsSD.com Check out these events around town! http://www.kpbs.org/events/halloween         Lenora LostaunauLenora is a full-service San Diego real estate agent, serving residents county-wide, and those looking to live in San Diego. She specializing in Metro and Coastal San Diego, with a Masters Degree in Marketing and over 10 years in the real estate industry, Lenora offers top tier, professional service that gets results.Read More →