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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

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

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

California Most Affordable Counties

November 20, 2012 By Dario

Housing affordability reached an all-time high in California this year. The California Association Of Realtors Housing Affordability Index measures the percentage of Usually, being a diabetic, one is sure to bless order cheap viagra you then. Do not be shy to order viagra or other performance enhancing drugs, provides access to an abundance of products. The country has made some major progress since the elections during the year 2007, which the Government of Kenya had been given a great deal of the time is people who are successful at building email lists, sometimes with a legitimate business where they have a huge database of 10 million or more email addresses, turn around and sell that same list over,. pharmacy viagra So, if viagra prescriptions online you suddenly encountered the problem with erection, buy Kamagra in Spain without leaving your home, online. households that can afford to purchase a median priced, single-family home in the different regions of the state. Here are the state’s most affordable counties as of Quarter 2, 2012.

Filed Under: News Tagged With: affordable, California, Chula Vista, counties, housing, index, monterey, napa, riverside, san diego

San Diego Rental Rates 2012

July 31, 2012 By Dario

Did you know that San Diego rents on average in 2012 for 1 bedroom and 2 bedroom units have been on the increase since 2010. 

$1,063 – Average rent for a 1 Bedroom Apartments in 2012*
$1,460 – Average rent for a 2 Bedroom Apartments in 2012*

Average rent growth is consistent month-to-month, quarter-to-quarter, and year-to-year for the past two years in San Diego County.

.5% increase month on month**
.8% increase quarter on quarter**
.3% increase year on year**

Rental rates are just one metric to measure the rental market. Vacancy rates are a good indicator for demand of rental units. Here are the spring 2012 vacancy rates for San Diego County.
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Vacancy Rates by Region
5.6% – East County***
4.9% – North County***
4.8% – South Bay***
3.4% – City of San Diego***

* – ApartmentRatings.com
** – Zillow.com
*** – San Diego County Apartment Association

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In San Diego, a house that laughs at physics (pictures) – CNET News

July 25, 2012 By Dario

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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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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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