California housing affordability climbs first quarter 2019 C.A.R. reports

by arnielevine | May 23, 2019 | Current Affairs, San Diego Real Estate, Uncategorized

Thirty-two percent of California households could afford to purchase the $545,820 median-priced home in the first quarter of 2019, up from 28 percent in fourth-quarter 2018 and up from 31 percent a year ago. A minimum annual income of $114,860 was needed to make...

Recently SOLD Homes by County Properties Team

by arnielevine | Feb 8, 2018 | El Cajon Real Estate, Lemon Grove real estate, Rancho San Diego, San Diego Real Estate

If your thinking of Buying or Selling Contact us before the market changes. Your Information for Home Value First Name (required) Last Name (required) Phone Number (required) Your Email (required) Property Address City State...

Equity-Rich Properties Surge Nationwide-find out your equity in San Diego

by arnielevine | Dec 16, 2017 | Current Affairs, San Diego Real Estate

Homeowners should be feeling richer. The share of equity-rich properties rose to a new high–26 percent of homeowners with a mortgage in the third quarter, according to ATTOM Data Solutions’Q3 2017 U.S. Home Equity & Underwater Report. In the third quarter,...

Americans say now is good time to sell their home

by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate

Americans are more confident about housing, as sentiment levels returned to the previous high. The Fannie Mae Home Purchase Sentiment index increased 2.1 percentage points to 88.3 in June, matching the all-time high set in February. The increase is due to four of the...

homebuyers move at a fastest pace than ever

by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate

Housing inventory fell 8.9% from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition. Housing inventory dropped for nine consecutive quarters, and is currently down a full 20% from inventory levels five years ago. And...

End of Year 1031 Tax Exchange Real Estate selling Issues

by arnielevine | Nov 3, 2016 | Finance, Real Estate news, San Diego Real Estate

There are two issues that come up toward the end of the calendar year relating to 1031 Exchanges. The first has to do with the time allocated to complete the 1031 Exchange. Issue #1 The tax code requires that a 1031 Exchange be completed within 180 days after the sale...