What’s the difference between a median vs average price?

Posted Leave a commentPosted in Buyer Tips and Advice, The Mortgage Minute Series

What’s the difference between a median vs average price? Have you ever looked at a Real Estate market report and saw both a median and an average sales price listed? What’s the difference between a median vs average sales price?       Let’s take look at an example to make it easier to understand the […]

The Experts Speak

A Look At The San Diego Real Estate Market

Posted Leave a commentPosted in Community information, Real Estate Market Updates

Now that 2015 year is almost over, it’s time to take a look at the San Diego Real Estate Market, both what’s happened and what is on the horizon. I decided to enlist the help of local Realtors to get some local insight from those that are actually out in the tranches. Participating in the […]

FTHB Affordability Index

First Time Homebuyer Affordability Index

Posted Leave a commentPosted in Buyer Tips and Advice, Real Estate Market Updates

First Time Homebuyer Affordability Index – What does that measure? C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home Let’s check out  First Time Homebuyer affordability in San Diego (click on the picture and use your mouse scroll wheel to zoom in and out)

Buy now or wait

Buy now or keep waiting?

Posted Leave a commentPosted in Buyer Tips and Advice, Mortgage Knowledge

Buy now or keep waiting? Finding the right time to purchase a home can be a very personal decision.  However, don’t forget that the factors that affect us all will affect you as well.  Will prices rise? Will interest rates increase? You must take into consideration how your monthly payment will be affected by increasing […]

Can A Family Earning the Median Income Buy a Home in San Diego?

Posted Leave a commentPosted in Buyer Tips and Advice, Mortgage Knowledge

  Can A Family Earning the Median Income Buy a Home in San Diego? The short answer=PROBABLY NOT At least not if the home they are purchasing is priced at the current Median Price. Why?   2014 median Income for San Diego County       Median Price for a single family home in San […]