David Osborn- Realtor

David Osborn- Realtor Thank you for visiting my page! Now is a fantastic time to buy or sell your home. Please contact me for all of your real estate needs.

‘Here Rests in Honored Glory a Comrade in Arms Known but to God’. Normandy American Cemetery
05/27/2024

‘Here Rests in Honored Glory a Comrade in Arms Known but to God’. Normandy American Cemetery

06/23/2016

(Excerpt from SD Union Tribune dated June 22, 2016)
MEDIAN HOME PRICE IN COUNTY $490,000, UP 6.8% OVER A YEAR (Phillip Molnar)
"The median home price was $490,000 in May, a 6.8% increase from the same time last year, and was inching toward record price points. The county has yet to reach its pre-recession peak of $517,500 from November 2005, although several zip codes have met or surpassed it.
...Lack of home inventory is still making it incredibly difficult for first-time buyers, and multiple offers on properties have made things hard for all buyers. However, the historically low number of homes for sale may actually be prompting buyers to get a home while they still can.
"Sometimes when there is a lack of inventory, it pushes people who might have been on the fence before. That may be why we are seeing a bit of a surge", said Raylene Brundage of the North San Diego County Association of Realtors.
Homes sales increased across SoCal by 3.3% year-over-year. Absentee buyers, mostly investors and vacation-home buyers, bought 20.6% of all homes. Cash buyers accounted for 19.3% of all sales.

06/23/2016

(Excerpt from "The Aramco Report" dated June 22, 2016)
"Economists paint a dark picture of the housing market of 2016. For the seventh consecutive year, housing demand has outstripped supply, causing a shortage that is stifling buyers nationwide, according to a new report from the Urban Institute. While housing starts have gained steam since 2008, they are still well below pre-recession levels.
Last year, more than one million new households were created, but only 620,000 homes were built. The shortage has led to rising prices and bidding wars that are, in particular, keeping first time home buyers out of the housing market. It is anticipated that unless construction policy changes or certain legislation implemented to help boost home construction, the housing shortage will continue for the foreseeable future."

Awesome home for Sale. Won't last long. Contact me for viewing: 858.401.3054
05/13/2016

Awesome home for Sale. Won't last long. Contact me for viewing: 858.401.3054

05/10/2016

Coming soon...
1,867 sq. ft. 3 bedroom home overlooking Lake Hodges with mountain and park views. Great recreation facilities including two pools, four tennis courts, two hot tubs, workout room... Photos pending. This one won't last long.

Latest assessment for San Diego home sales
11/19/2015

Latest assessment for San Diego home sales

San Diego County home prices dipped in October from the previous month, but buyers priced out of central San Diego pushed up values in eastern and southern regions of the county, said real estate data firm Corelogic.

10/13/2015

San Diego, CA real estate market trends. San Diego home values, listing prices, average sale prices, inventory, and days on market.

10/13/2015

Quick excerpts of an interesting article in the San Diego Union-Tribune.

Insurance Coming Soon For Your Down Payment
By Kenneth Harney of Nations's Housing

When you put down thousands of dollars to purchase a home, you're taking a potentially serious financial risk: You could lose some or all of that money if the value of the house declines or a job transfer, illness or other life event forces you to sell the property during a dip in market demand.
An insurer is offering a one-time premium to potentially protect your down payment all the way up to $200,000. The premiums are expected to average around $1,200 on a $20,000, 10% down payment on a $200,000 house.
The goal of the insurer is "to take the risk element off the table and give (buyers) more confidence". However, coverage is limited. You can't file a claim during the first two years after your purchase, or after seven years.
You also may not get your entire down payment in the event of a loss claim. The insurer works the payout formula like this: They will pay the lesser of 1) your original down payment, 2) the actual equity you lost, or 3) the purchase price of your house times the reduction in your state's (home price reduction index).
Does it make sense? Do the math. It might only give someone peace of mind.

Address

San Diego, CA

Telephone

+18584013054

Website

Alerts

Be the first to know and let us send you an email when David Osborn- Realtor posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Featured

Share

Category