Allegra Realty Group

Here’s your weekly market update for San Diego County. #buyahousebuildyourwealth ... #sandiegorealtor #sdrealtor #sandiegohomes #sandiegosellrealestate #liveinsandiego #sandiegorealty #lovesandiego #pacificbeach #downtownsandiego #littleitaly #gaslampdistrict #pointloma #miramesa #oceanbeach #missionvalley #sunsetcliffs #hillcrestsandiego #northpark #sandiegorealestatemarket #socal #sandiego #southerncalifornia #sandiegoliving #sandiegogram #sandiegolife #california #cali #marketupdate #sandiegocounty See more

If you’ve been thinking about selling your vacation home, putting it on the market now while demand is high might be your best move. This year, the opportunity to work remotely has increased the demand for vacation homes Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes:... Working from home is a positive factor in demand for vacation homes. Buyers are taking advantage of the fact that working from home might be someplace other than their primary residence at the beach, in the mountains, or somewhere in between. NAR explains: Sales in vacation-home counties increased 48% on average year over year in the third quarter; overall, 81% of vacation-home counties saw a year-over-year sales increase. Here are two reasons why you should consider putting your vacation home on the market: 1 Vacation Homes Are Selling Quickly These homes are not staying in the market for very long. NAR also notes: In September, 68% of vacation homes sold in less than a month. Historically, about 30% sell that quicklyIt’s a pretty amazing uptick compared to past years. 2 Home Prices Are Rising With an increase in demand, prices go up. NAR continues: In the third quarter, prices in vacation-home counties rose by about 32% year over year. Seventy-nine percent of these counties experienced year-over-year price gains. NAR defines a vacation-home county as one in which seasonal housing accounts for at least 20% of stock. If your vacation home is sitting idle, maybe not attracting as many renters as you usually see, or if you simply want to sell it so you can trade up or take it off your worry list, now may be the time. Demand is high, so you’re in the ideal spot to get a stronger return on your investment today. Joe & Hollie Allegra, REALTORS 619-990-9273 619-990-9637 Porchlight SoCal Team #sandiegorealtor #sdrealtor #sandiegohomes #sandiegosellrealestate #liveinsandiego #sandiegorealty #lovesandiego #pacificbeach #downtownsandiego #littleitaly #gaslampdistrict #pointloma #miramesa #oceanbeach #missionvalley #sunsetcliffs #hillcrestsandiego #northpark #sandiegorealestatemarket #socal #sandiego #southerncalifornia #sandiegoliving #sandiegogram #sandiegolife #california #cali See more

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers.... The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers. When the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. As this happens, prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. So, if your neighbors decide to remove their listings this season, your house may quickly rise to the top of a holiday buyer’s wish list if you stay on the market. Today, there are many buyers who are ready, willing, and able to purchase. Record-low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live and to take action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house. Joe & Hollie Allegra, REALTORS 619-990-9273 619-990-9637 Porchlight SoCal Team #sandiegorealtor #sdrealtor #sandiegohomes #sandiegosellrealestate #liveinsandiego #sandiegorealty #lovesandiego #pacificbeach #downtownsandiego #littleitaly #gaslampdistrict #pointloma #miramesa #oceanbeach #missionvalley #sunsetcliffs #hillcrestsandiego #northpark #sandiegorealestatemarket #socal #sandiego #southerncalifornia #sandiegoliving #sandiegogram #sandiegolife #california #cali See more

WOW. THIS. This is why investing your hard-earned money into real estate is the best idea. Compared to investors who rely on the stock market to accumulate assets for their retirement, real estate investments take a different approach. ... If you accumulate $2,800,000 in income-producing real estate it will pay $50,000 a year in income and continue to appreciate in value over the years, not only covering you indefinitely but also leaving you something to pass on to your children. Here’s the interesting part, it only takes $700,000 in investment capital to accumulate $2,800,000 in real estate assets. By comparison, it takes about $900,000 in stock investments to achieve a $50,000 per year annual income, assuming that during 30 years of investing both types of investments yield a 4 percent return. Real Estate has many advantages over investing in stocks, bonds or mutual funds. Real estate offers predictable cash flow; it appreciates in value, thus keeping up with inflation; it provides a higher return because of positive leverage; and it offers equity growth through debt reduction. During retirement, real estate is a self-sustaining asset while stocks are a self-liquidating asset. Which would you prefer, a self-sustaining asset or a self-liquidating asset? Joe & Hollie Allegra, REALTORS 619-990-9273 619-990-9637 Porchlight SoCal Team #buyahousebuildyourwealth #sandiegorealtor #sdrealtor #sandiegohomes #sandiegosellrealestate #liveinsandiego #sandiegorealty #lovesandiego #pacificbeach #downtownsandiego #littleitaly #gaslampdistrict #pointloma #miramesa #oceanbeach #missionvalley #sunsetcliffs #hillcrestsandiego #northpark #sandiegorealestatemarket #socal #sandiego #southerncalifornia #sandiegoliving #sandiegogram #sandiegolife #california #cali #whoyouworkwithmatters See more

For those who want to purchase a home, low-down-payment options are instrumental to affording one sooner rather than later, especially given the amount of debt many younger adults have accumulated. Fannie Mae also notes: Among the challenges they face is an unprecedented amount of debt, along with a lack of understanding of the mortgage process and their own purchasing power. Debt, in particular, creates many obstacles such as a limited ability to save and the fear of tak...ing on more debt. Today, there are more than 2,340 down payment assistance programs available nationwide to help relieve this pressure. Understanding what’s out there and the options available may help many buyers become homeowners faster than they thought possible. In a year like this, with record-low mortgage rates making their mark in the history books, being able to take advantage of the opportunity buyers have right now is essential to long-term affordability. Joe & Hollie Allegra, REALTORS 619-990-9273 619-990-9637 Porchlight SoCal Team #sandiegorealtor #sdrealtor #sandiegohomes #sandiegosellrealestate #liveinsandiego #sandiegorealty #lovesandiego #pacificbeach #downtownsandiego #littleitaly #gaslampdistrict #pointloma #miramesa #oceanbeach #missionvalley #sunsetcliffs #hillcrestsandiego #northpark #sandiegorealestatemarket #socal #sandiego #southerncalifornia #sandiegoliving #sandiegogram #sandiegolife #california #cali #whoyouworkwithmatters @keepingcurrentmatters