Resale home sales drop: - Single-family ↓ 21% yearly, ↓ 9% MoM. Condo/townhome sales slow: - ↓ 10% yearly, ↓ 14% MoM....
Email Steve
Steve@SteveBeaupre.com
Uncategorized
Shortage: - San Diego lacks ~90K homes to meet population demand. Nationwide: - US faces a deficit of 3.2M homes, driving high costs....
San Diego offers a blend of city life and beach landscapes, making it a sought-after destination. The city provides cultural diversity, outdoor activities, and economic opportunities. Its beaches are beautiful and offer a variety of experiences. San Diego also has a vibrant dining scene and diverse neighborhoods. The city's education system is robust, with top-rated schools and prestigious...
The San Diego City Council has voted to waive fees for storm-related reconstruction to help residents affected by flooding in January. The waiver applies to demolition and building permits and is expected to save residents about $2.41 million. The permits will also be marked as "high priority" for approval. The city will also establish a "Debris Assistance Program" to provide...
Smaller Security Deposits (AB 12): - Starting July 1, max 1-mo rent for security deposit. - Applies to most landlords, exceptions for small owners with specific conditions. Eviction Restrictions (SB 567): - Family member move-in evictions require 12-mo occupancy by them. - Substantial remodel evictions to require permits and >30-day....
San Diego, a Southern California gem, attracts ~1.3M residents with its great weather, attractions, and beaches. As a major military hub, the city has the highest concentration of Marines and Navy personnel in the US....
The County of San Diego’s Down Payment and Closing Cost Assistance Program has $2 million available until the end of June to help first time homebuyers. The program is for people with an income 80% or less of the area median income. It offers a deferred loan for a down payment and closing costs, with no monthly payments. More information is available on the San Diego Housing Commission's...
San Diego's Aid Program Launch: The county initiates a program aiding struggling first-time homebuyers in 2024.Target Audience and Income Criteria: Aimed at those earning 80% or less of the median income....
San Diego home prices declined for the second month in a row in November, but remained 8.0% higher than a year ago, according to the respected Case Shiller Index. Detroit and San Diego were listed as the two large markets with the highest year-over-year gains. High mortgage rates were blamed for the price declines, but a decrease in rates could support further annual gains in home prices. Continue...
San Diego home sales hit record lows in 2023, leading to a sluggish market. The median price of new listings in January 2024 was $882,200, a 10% increase from the previous year. Experts anticipate more activity in 2024 if inventory rises and mortgage rates drop. Continue to full article...