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Owning A Home Is Still The Dream

January 16, 2013 By Dario

 

owning-a-home-is-still-the-dream

Despite the effects of the Great Recession, people still love their homes and thing they’re a good investment.

81% of adults surveyed believe buying a home is the best long-term investment a person can make.

80% of adults surveyed see homeownership as a very important long-term financial goal.

81% of renters would like to own a home in the future
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54% of first-time homebuyers bought because they were tired of renting.

96% of homeowners are happy with their decision to own.

 

Source: CAR, Pew Research Center, & NAHB

Filed Under: News Tagged With: american dream, investment, owning a home, real estate, tenants

The Shifting Desires of Home Buyers

January 4, 2013 By Dario

the-shifting-desires-of-buyers

The US Census Bureau recently released its 2011 data on the characteristics of new, single-family homes. Some interesting details from the study include:

The percentage of homes built without a garage or carport is the highest it’s been since the mid-1990s.

  • 2 out of 3 new homes built in 2011 had a porch, a trend that has been on a steady rise for almost 10 years whereas, the addition of decks has decreased.

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New homes without a garage or carport:

  • 1994        13%
  • 2005         8%
  • 2011        13%

New homes with porches:

  • 1992     42%
  • 2011     65%

What does this Mean?

Some analysts believe it hints at a shift in the way Americans want to live; in smaller houses and dense neighborhoods that promote walking and social interaction.

 

Source: U.S. Census Bureau

Filed Under: News, Tips Tagged With: carports, garage, home buyers, new homes, statistics

The Social Benefits of Homeownership

December 18, 2012 By Dario

The-Social-Benefits-of-Homeownership

 

The Social Benefits of Homeownership

Educational Success:

  • Children of homeowners tend to have higher achievement levels in math and reading.
  • They also tend to have fewer behavior problems.
  • Teens whose parents own a home are more likely to stay in school.

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Health Benefits:

  • New homeowners report higher quality of life.
  • Higher self-esteem.
  • A greater feeling of control over their lives.

Civic Participation:

  • Homeowners vote more.
  • Homeowners spend more hours volunteering.
  • They tend to know more people in their neighborhood.

 

Source:

NAR’s 2012 study entitled “Social Benefits of Home Ownership and Stable Housing”

Filed Under: Tips Tagged With: benefits, buying, homeowners, homeownership, NAR, real estate, san diego, social, statistics

Keep the Mortgage Interest Deduction

December 11, 2012 By Dario

 

Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are urged to share the information in this email with as many people as possible.

Background

Congress, as part of negotiations on avoiding the “Fiscal Cliff,” has made direct references to “closing loopholes” and “limiting deductions” as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.

Losing the Mortgage interest deduction will disproportionately affect the middle class because a larger proportion of the middle class takes the deduction. In California 89% of those who took the mortgage interest deduction earned less than $200,000. Losing the deduction would cost the average California taxpayer over $3,900.

What your family, friends and clients can do to help:

Call Congress. First and foremost, we are urging the public to get involved by calling Congress to ask that the mortgage interest deduction be preserved. The public may reach Congress by calling 202-224-3121. The Capitol switchboard operator will help callers identify their member of Congress and connect them.
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Monday-Friday
from 9:00 am – 6:00 pm, Eastern time.

 Get the word out. Many people seem to be blissfully unaware that their mortgage interest deduction is in danger. Please do the following to make sure that the message spreads.

  1. Forward this message to your family, friends and clients.
  2. Post this information on your personal and office websites and blogs.
  3. Share this information on Facebook and urge others to share it as well.
  4. Tweet about it on Twitter and urge others to retweet. Use the hashtag: #savethemid.
  5. Link to the following web page: KEEP MY MID. This site has information about contacting Congress, more information on the MID and links to articles.
  6. As you see new information and articles, share these on all your social networking sites.

Filed Under: News Tagged With: California, cliff, congress, deduction, fiscal, interest, mortgage, rate, taxes

Homes Are Selling Like Hotcakes

December 4, 2012 By Dario

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Inventory is dropping in the San Diego and Chula Vista real estate market. Homes are selling faster than they were a year ago. If you are considering selling, now’s your opportunity, and if you’re a buyer, move quickly.
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Average number of days on market in September 2012 95 days

Average number of days on market in September 2011 107 days

Call today for a free consultation regarding your real estate needs.

Filed Under: News, Uncategorized

US Home Prices by City

November 27, 2012 By Dario

City-by-city look at U.S. house prices By Ruth Mantell , MarketWatch LastUpdate: 10:33 AM ET Nov 27, 2012

WASHINGTON (MarketWatch) — Here’s a city-by-city breakdown of the SP/Case-Shiller 20-city composite, which showed a 0.3% increase in home prices in September, not seasonally adjusted.

Prices rose in 13 of 20 cities in September, but the overall level remained about one-third below a 2006 peak. Full story: U.S. housing ‘in midst of’ recovery: Case-Shiller.

Atlanta: Prices rose 0.3% in September but remain below levels in 2000. However, on an annual basis, prices inched up 0.1%, reversing more than two years of annual declines.

Boston: Prices decreased 0.6% in September, with an annual gain of 1.9%.

Charlotte, N.C.: Prices decreased 0.3%, and increased 3.5% over the past 12 months.

Chicago: Prices decreased 0.6% in September and are down 1.5%over the past year, making this city one of two with negative annual results.

Cleveland: Prices decreased 0.9% in September, the worst among cities tracked by Case-Shiller. However, prices are up 1.4% from a year ago.

Dallas: Prices rose0.2% in September and were up 4.4% from a year earlier.

Denver: Prices rose 0.4% in September. They’re up 6.7% in the past year.

Detroit: Prices remain below 2000 levels in the city but increased 0.7% in September and are up 7.6% from a year ago.

Las Vegas: Prices here remain below 2000 levels, but they rose 1.4%in September and were up 3.8% from year-earlier month.

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Miami: Prices rose 0.1% in September and are up 7.4% from a year earlier.

Minneapolis: Prices rose 1.1% in September and are up 8.8% from the prior year.

New York: Prices ticked down 0.1% in September, and are down 2.3%from the prior year, making this city one of two with an annual decline.

Phoenix: Prices here rose 1.1% in September, and are up 20.4% from the prior year, the largest annual gain among the20 cities.

Portland: Prices rose 0.2% in September; they’re up 3.7%from a year prior.

San Diego: Prices rose 1.4% in September and are up 4.1% from September 2011.

San Francisco: Prices rose 0.5% in September and are up 7.5% from a year before.

Seattle: Prices increased 0.3% and are up 4.8% in the past year.

Tampa: Prices were flat here in September and were up 5.9% from a year prior.

Washington: Prices were also flat in Washington and were up 3.2% from a year earlier.

Link To Original Post

Filed Under: News Tagged With: City, economy, home, prices, real estate, san diego

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Email: [email protected]
Phone: 619-651-0433
Address:
3450 Bonita Rd. Ste. 206
Chula Vista, CA 91910

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About the Agent

Dario Barba
Broker/Realtor
Lic. 01778636
Email: [email protected]
Phone: 619-651-0433
Address:
3450 Bonita Rd. Ste. 206
Chula Vista, CA 91910

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