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When Is the Best Time of Year to Buy a Home?



So you’ve decided that you’re ready to embark on the home buying process. You have completed all of the steps and are prepared for your down payment, your credit is looking healthy, and you have developed a budget that has room for your mortgage payment and any surprise repairs. So when is the best time of year to pull the trigger and move forward on buying a home?

Before we answer that, it’s important to note that a home at a great value can be found in any kind of market or season due to key factors such as renovation needs, local market growth trends, or even something as simple as a motivated seller. The trends discussed in this article reflect the big picture, but with patience and the help of a great agent, a unique deal can be found in any market. If you find a screaming deal during a time of year where housing prices tend to be higher, don’t wait for prices to drop! Great deals are difficult to come by.

If you ask a real estate agent when the best time to buy a home is, they’ll likely tell you that right now is the best time to buy a home. That may sound like a sales pitch from the agent, but there’s actually some truth to it. For one, if we look at trends throughout history, housing prices have always risen with inflation with some short-term ...

Blockchain Technology and the Mortgage Industry

Linked Binary Code

The emergence of Bitcoin has caused a great deal of discussion and headlines on the new technology known as blockchain. So why are we, a mortgage company, bringing up blockchain? While many are excited about blockchain because of its potential for cryptocurrency (which this article will not get into), blockchain as a technology can be used for many different purposes beyond cryptocurrency, such as executing purchase contracts and storing loan documents such as deeds of trust.

Those who are not involved in cryptocurrency or involved with the new technology, may not fully understand what the technology is. While the technology does have real-world functions (such as Dubai’s initiative to put its legal documents on a blockchain by 2020) blockchain is surrounded by a lot of breathless hype and in turn, a lot of misinformation. While blockchain is similar to the internet or Wi-Fi in that you don’t have to understand how it works to be able to use and benefit from it, this article will put blockchain in easy-to-understand terms by discussing what blockchain is, how it works, and the potential changes that it could bring to the home buying process.

What Is Blockchain?

San Diego April Real Estate News, Charts, and Statistics

  • San Diego biomedical, biotech, and solar fields saw rise in jobs and venture capital during April.
  • Following a lawsuit, listing service Sandicor will be dissolved.
  • The median home sales price for the month was $559,000 dollars. This is 7.5% higher than it was in April 2017 and up 2.19% from last month.
  • There were 2,870 homes sold over the course of the month. This is down 11.56% from last year, but it is 29.22% higher than it was last month.
  • The median number of days on market for homes sold during the month of April was 16 days. This is down 11.11% from last year and 23.81% lower than it was last month.
  • 30.80% of homes sold this month were sold for higher than their listing price. This is up 6.21% from last year and 0.2% higher than it was last month.
  • This month, there were 4,031 listings that came on the market, which is 19.23% higher than last month’s amount of new listings
  • The median price per square foot for April 2018 was 366. This is 11.25% than it was last ...

San Diego Charity: Just in Time for Foster Youth

These days, transitioning into adulthood can be arduous and challenging for young adults because of issues such as job competition, wage stagnation, higher cost of living, and rising college prices. These conditions have led to around 40 percent of young adults living with their parents, but those who lack a family network don’t even have that safety net at their disposal. Because of this, the barriers to independence are much higher for young adults exiting the foster care system.

Even though California’s foster system now allows for young adults to stay within the system until they’re 21 years old to give them time to adjust, 40 to 50 percent of foster youth become homeless within 18 months of leaving foster care. When it comes to employment, 60 percent of former foster youth experience extreme poverty with incomes of $6,000 dollars or less. Being impoverished and homeless pushes some to resort to crime just to get by, which has led to 25 percent of former foster youth ending up in prison within two years of emancipation. Those trying to set themselves on the right path also experience great difficulty, as only one to three percent of foster youth graduate from college.

There is little in the ...

March Economic Report


  • The San Diego City Council purchased Airborne San Diego’s failed skydiving center to convert it into a housing center for the homeless.
  • The average rental price in San Diego reached a record high of $1,887 dollars a month, according to a report by MarketPointe Realty Advisors.
  • San Diego was ranked number 11 on the most desirable places to invest in real estate on CBRE’s annual report.
  • The median sales price of all San Diego homes was $547,000 dollars. This is 8.32% higher than it was during March 2017 and up 1.48% from February.
  • There were 2,221 home sales last month, which is down 3.31% from March 2017, but it’s up 6.88% from February.
  • The median number of days on the market was 21, which is down 25% from last month as well as March 2017.
  • 30.6% of the homes sold in March were sold for higher than their listing price, which is 28.57% higher than last year and up 30.21% from the previous month.
  • 3,282 homes hit the market last month, which is 2.47% higher than the amount of new listings in February.
  • ...

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