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CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The report also revealed: The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a totalRead More →

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In: Home Buyers, real estate market, San Diego Real Estate, Uncategorized

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this. Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors: Consistent findings show that homeownership does make a significant positive impact on educational achievement. Several researchers have foundRead More →

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In: Home Buyers, real estate market, Sellers, Uncategorized

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years? Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity inRead More →

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Can you buy a house with NO down payment? Well, the short answer is YES. There are many programs that help people purchase a home with no down payment. While to access such programs you may have to qualify for some special circumstance, I am always surprised the so many people still think they need a 20% down payment to purchase a house. If that was the case, in San Diego where the median home price is over $500, 000 anyone who wanted to buy would need ballpark, $100,000.00 to get a house. That is a hefty savings that it’s safe to say most people Read More →

Lakeside Real Estate, Lakeside Houses for sale

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

Lakeside Real Estate Offers A Modern Country Gem Lakeside, CA is a small country feeling town just 20 minutes to downtown and all that San Diego has to offer. You can access all the culture and commerce of city life while basking in the peace and sunshine of small town living. If you aren’t familiar with Lakeside real estate, you may be delighted at what you’d find in an East County home. The real estate in Lakeside provides larger lots and yards, quiet roads, space between homes, and scenic sights and sounds that could inspire Norman Rockwell. Imagine looking out into your yard and NOTRead More →

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Fully Remodeled Lakeside Home For Sale- Large Yard, 2-car Garage, RV Parking!! link href=’http://fonts.googleapis.com/css?family=Abel|Merriweather+Sans:400,800′ rel=’stylesheet’ type=’text/css’ /> 8724 Golden Ridge Rd Lakeside, California 92040 For Sale $495,000 MLS#: 170024891   Single-Family Home 3 Bedrooms 2 Bathrooms (Full) Condition: Excellent 1726 ft² Lot size 9892 acres Built in 1949 School District: Lakeside Union Elementary School District Fully Remodeled Home View More Details Agent: Lenora Lostaunau, M.A. REALTOR CA BRE# 01794340 (619) 880-SDRE (7373) Lenora Lostaunau 12849 Caminito Del Canto San Diego CA 92014 Useful Links: See Full Details View More Photos Request Showing Request More Info Map View Contact Agent Equal Housing Opportunity Lenora LostaunauLenora isRead More →