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Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report broke down appreciation even further into four different price categories: Lower Priced Homes: priced at 75% or less of the median Low-to-Middle Priced Homes: priced between 75-100% of the median Middle-to-Moderate Priced Homes: priced between 100-125% of the median High Price Homes: priced greater than 125% of the median HereRead More →

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The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is a sellers’ market, where the demand for houses outpaces supply and prices go up. As you can see from the chart below, the United States has been in a sellers’ market sinceRead More →

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In: Home Buyers, real estate market, Uncategorized

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows. Here is a chart showing the average mortgage interest rate over the last several decades. Bottom Line Though you may have missed getting the lowest mortgage rate ever offered, you can still get aRead More →

Open houses this weekend, san diego open houses, open houses in

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

Get Access to Open Houses in ALL of San Diego or Just Your Desired House Hunting Locations This is a complimentary Service by Your Local REALTOR an you can opt out any time You’ve done enough shopping online, you’re pre-qualified with your lender, now you’re ready to see some houses in person. It’s time to squeeze and thump the melons, so to speak, of the local inventory and really get a feel for what 1200 square feel LOOKS like, what it feels like. Finding open houses in your neighborhood of choice and in your price range should be easy. Well it is. Just fill outRead More →

sell your house for top dollar today's media and marketing

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

How to Sell Your House FAST for the MOST MONEY with Today’s Current Media and Marketing Strategies Lenora Lostaunau, M.A. In Marketing and REALTOR breaks down how today’s media and marketing strategies work to do it faster and make you more money when sell your home. Register for the March Webinar Now- Seats are Limited Don’t Get Stuck with An “OLD SCHOOL” Real Estate Agent Using OUTDATED Ways of Getting You The Most Money Out of Your Home Sale in the Shortest Amount of Time. Find out what works TODAY When You Register, You’ll Get A FREE Book from Presenter Lenora Lostaunau, M.A. Marketing  & REALTOR    Read More →

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Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.”  Source: Housing Market & Real Estate News Lenora LostaunauLenora is a full-service San Diego real estate agent, serving residents county-wide, and those lookingRead More →