Federal reserve cuts rates for third time this year

Federal reserve cuts rates for third time this year

The Federal Reserve announced this week that it was lowering its benchmark federal funds rate for the third time this year but hinted at a pause in further rate cuts for the time being. The policy statement released on Wednesday downplayed the need for further rate cuts in the coming months despite...

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Deal closes on most expensive property purchase in San Diego

Deal closes on most expensive property purchase in San Diego

San Diego’s most expensive land sale of the year so far just closed for a whopping $48,638,200. According to information from the San Diego County MLS and Pacific Sotheby’s International Realty, the 22-acre site in Mission Valley is slated for construction in 2020. The four-parcel property, located...

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Is your home trick-or-treater friendly?

Is your home trick-or-treater friendly?

Be prepared. Tonight, goblins and witches will roam the streets. As trick-or-treaters canvass neighborhoods in search of sweets, ensuring you have a safe path to your front door is as essential as having a plenty of candy on-hand. Before the sun sets tonight, it is recommended you inspect your walk...

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San Diego home buyers stretching budgets

San Diego home buyers stretching budgets

Buyers in San Diego need to take out a mortgage nearly four times their annual income in order to afford a home in the region according to a new report from Realtor.com. The conventional wisdom is that home buyers shouldn’t spend more than three times their annual salary on the price of a property b...

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Home construction rates show no sign of improvement

Home construction rates show no sign of improvement

The national home ownership rate, property values and sales are all elements of the housing market that have either returned to pre-recession levels or are making strides in that direction. Despite this, the rate at which new homes are being built in the U.S. are far from a full recovery. In fact, a...

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Bold, new rent control law passes in Calif.

Bold, new rent control law passes in Calif.

Lawmakers in California last week approved a statewide limit on annual rent increases for most tenants. This sweeping mandate is the latest step to curb rapidly rising rent prices in the State. Specifically, the new law, which would become retroactively effective as of March this year, caps annual r...

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Fall comes early for the housing market

Fall comes early for the housing market

Realtor.com reported this week that home prices fell 1.8 percent in August, unordinary for a month that traditionally still sees summer homebuyers clamoring over real estate. “What it tells us is, fall came earlier than expected,” said Senior Economist George Ratiu of Realtor.com. A lot of homes on...

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Foreclosures see uptick last month

Foreclosures see uptick last month

The number of foreclosure filings in the U.S. increased four percent from July to August with the addition of 53,007 properties nationwide. That equates to approximately one in every 2,554 properties. Despite last month’s increase, overall filings remain 24 percent lower than they were a year ago....

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Rent vs. Buy index lopsided in California

Rent vs. Buy index lopsided in California

The rate at which home values are increasing across the nation has slowed significantly over the past year and many experts anticipate this trend will continue for the foreseeable future. Over the past year as potential homebuyers found prices beyond affordable levels, demand declined, resulting in...

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Pleasant weather comes with a premium

Pleasant weather comes with a premium

Paying for sunshine is one way to look at it. In an analysis of federal weather data, Zillow estimated the number of “pleasant days” per year for every city in the U.S. The result of the analysis confirm the conventional wisdom: regions with the best weather also tend to be more expensive places to...

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