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First Time Buyers

January 29, 2013 By Dario

First-Time-Buyers

Calling All First Time Buyers!

So you’re ready to buy your first home. How much are entry-level homes in different areas of California? How much do you need to earn to qualify for a home loan? And what can you expect your monthly mortgage payment to be once you move in?

California As a whole:

  • Entry Level Price: $288,880
  • Monthly payment including taxes & Insurance: $1,390
  • Minimum qualifying income: $41,640

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Los Angeles Metro Area:

  • Entry Level Price: $266,980
  • Monthly payment including taxes & Insurance: $1,280
  • Minimum qualifying income: $38,480

Inland Empire:

  • Entry Level Price: $164,820
  • Monthly payment including taxes & Insurance: $790
  • Minimum qualifying income: $23,760

San Francisco Bay Area:

  • Entry Level Price: $482,830
  • Monthly payment including taxes & Insurance: $2,320
  • Minimum qualifying income: $69,600

Filed Under: News Tagged With: California, Chula Vista, first time buyers, income, Inland empire, Los Angeles, monthly payment, san diego, San Francisco

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

HotcakesIG[amy.edits]11-21

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.

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

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About the Agent

Dario Barba
Broker/Realtor
Lic. 01778636
Email: db@kalirealestate.com
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: db@kalirealestate.com
Phone: 619-651-0433
Address:
3450 Bonita Rd. Suite 206
Chula Vista, CA 91910

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