The real estate market is proving to be a great long-term investment and thanks to Brexit it’s an even better time for property investors. According to Freddie Mac the rate for a 30-year-fixed mortgage is the lowest it has ever been since May 2013, giving home buyers a rate as low as 3.48%. Only last year the rate was 4.08%. Continue reading
Just as in all areas of the real estate industry, technology is changing the landscape of property management. In the past, property management was an in-person, hands-on proposition. Landlords and tenants expected that issues would be dealt with in-person, no matter how trivial. In that, they may have taken a certain comfort knowing that a real person was going to take over and handle the issue. Continue reading
California, and specifically San Diego is one of the hottest markets in the U.S. this month. Chief economist at realtor.com, Jonathan Smoke researched the top markets in the U.S. that had the most views per listing and a the best turnover rate. The cities that made the list sold 20 to 38 days faster than other regions. San Diego bumped up to number 5 in June, 2016 from 8 in May, 2016.
It’s pretty easy to see why San Diego’s housing market is doing well in the detailed overview bellow. San Diego offers a wide variety of activities for families and individuals to enjoy, which makes it the ideal place to live.
Median Sales Price, Price Per Sqft, Median Rent Per Month
Month over month there has been a 13.77% increase in median sales price, .02% increase in price per sqft, and .03% median rent per month.
Median List Price Per Region
There’s often confusion around which kind of manager you would need for your property. Some mangers cover property and community management, but more often then not they specialize in one. They don’t perform the same role and they don’t work with the same people. Continue reading