Luxurysocalrealty

Some mortgage lenders are offering borrowers an unusually large per-point reduction on the rate of JUMBO mortgages. Lenders assume most borrowers will hold on to a 30-year fixed mortgage for about 6 years.

In 2019 California temporarily banned insurers from canceling policies on some 800,000 homes in or near risky parts of the state. However, that ban is about to expire and can’t be renewed, and a recent plan to deal with the problem fell apart in a clash between insurers and consumer advocates. Around the world, climate change has made storms more powerful and frequent, increased the intensity of droughts and contributed to more extreme wildfires, and, as a result, many insurance companies say their premiums are now set too low to cover the growing losses. https://www.nytimes.com///climate/wildfires-insurance.html

Celebrating 2 years at Compass and $10M in August sales

#sold $5,100,000 Unique s require an intentional marketing plan and sometimes take years to find that perfect buyer. Thank you @abc10news @fox5SanDiego @rolllsroycee @ogarasandiego @kamelia.britton for all of the collaborations!... @sandiegocompass @compasscalifornia @aloha.photovideo @privateclientnetwork #agentsofcompass #compassrealestate #compasseverywhere #findyourplace See more

And now a 1,500-home development that aspires to be the smartest neighborhood in the world? Helmond, the Brainport Smart District, in the Netherlands will include a business district and plenty of green space, in the hopes of creating a new type of living environment. Architect Ben van Berkel says the mixed-use district, set on 380 acres, will use technology to create an environmentally and socially sustainable community. ... A living lab where new ideas will be tested and adapted, the district will not be built according to a set design plan but developed in response to the needs and habits of its 4,500 future residents and what is learned along the way. The dwellings (20% will be subsidized housing) will be mixed with businesses and leisure spaces to make it easy to move around by bike and on foot and engage with neighbors. The district will be designed with new forms of energy generation; emissions-free mobility (an electric-car sharing program is being tested); and data sharing. Built into the infrastructure - plumbing and electricity, etc - neighborhood-wide smart technology (a network of sensors) will be grounded in a data platform hosting services related to living, mobility, food and health. https://www.nytimes.com//brainport-smart-district-takes-sh

Set on over 1/3 of an acre in Olde Del Mar, an enchanting ocean view retreat designed by early architectural pioneer Ray Jung in the 1950's. Expanded and updated preserving the integrity of the original design, this residence boasts modern amenities and appointments with an open concept eat-in kitchen, dining room, and family room with open beam ceilings. The capacious ocean view master suite, separate from the secondary bedrooms offers a courtyard facing balcony and maste...r bath with soaking tub. Additional highlights include floor to ceiling windows, an indoor/outdoor living room, media room, & office. Offering seclusion and a sense of space with multiple outdoor entertaining areas, water features, fire pit, zen gardens, stone paths winding the property, and cedar hot tub. http://oldedelmarviews.com/

Parents buying for foreign student kids is here to stay.....yesterday the federal government abandoned a plan that would have forced out tens of thousands of foreign students following widespread condemnation of the move and pressure from colleges and major businesses.

San Diego is the land of golden , gorgeous weather all-year-round and a thriving culinary scene. It's a no-brainer why you want to move to America's Finest City but is there anything you need to know beforehand? Here are the top things to know before moving to San Diego.

Singapore has one of the highest homeownership rates in the world: How then did a nation with the world’s highest concentration of millionaires and one of the most expensive housing markets in Asia become able to offer every newlywed young couple a home they can afford? 50 years ago Singaporeans, rich and poor, were given a direct stake in the country’s prosperity, where more than 80% of the population live in government-built flats. In 1959, the newly self-governing city fa...ced a major crisis. The success of the port over a century and a half had drawn hundreds of thousands of immigrants from China, Malaysia, India and other parts of Asia, but government and private housing construction had failed to keep up. The government’s answer in 1960 was to set up the Housing Development Board, tasked with rapidly increasing the supply of homes for the poor to rent. By the middle of the decade it had housed 400,000 people. While the government’s action helped solve the housing crisis, it was the decision to begin offering subsidized flats for sale in 1964 that laid the foundation for Singapore’s real-estate success. The Home Ownership for the People Scheme delivered 2,000 two- and three-bedroom apartments sold to lower-middle-income citizens in a new estate in the district of Queenstown for as little as $4,900 each. They were offered on a 99-year lease and buyers were forbidden from reselling the property for at least 5 years. Singapore now has more than 1 million HDB flats. In the last financial year, the government handed over keys to at least 16,600 new apartments and almost 70,000 more were under construction.

About 19% of Americans made no housing payment at all during the first week of July, and 13% paid only a portion of their rent or mortgage. It's only the 9th, so hopefully this improves soon.

Are we experiencing the "100-Day Recession"? It's possible. The NASDAQ alone is up 9% for the year, the S&P 500 almost even, and the DOW down just 5% to date, all up for three straight weeks. Is this a V-shape equity market recovery, but not a V-shape economy recovery? Equity markets mostly look well into the future for valuation. Bank asset growth is around $2 Trillion for the year.

US New home sales rose 21% in May compared to 2019, and the average sales rate per community rose 24% year-over-year, according to a survey of more than 300 U.S. builders conducted by John Burns Real Estate Consulting. Mortgage applications for home purchases in the week ended May 29 also rose for the seventh straight week, up 5.3% from a week earlier and 17% from a year earlier, according to the Mortgage Bankers Association.

congratulations team member superstar David Martin with 4 escrows in the last 30 days! ... See more

Join @privateclientnetwork as we go LIVE on Saturday, May 30th, 2020 11:00 AM (EST). We first start this continuous series (every week) with our Miami Partner @miamirealestatecom as we tour an amazing property in the Florida Keys. ... This 13 +/- acre coastal estate on the Florida Bay overlooks Everglades National Park, and boast two stretches of white sandy beaches, private dockage, acres of lush orchid filled trails and three separate structures. 94100 Overseas Hwy | $24,500,000 David Hernandez (@dave_henz) #lifestyle_miami #findyourplace #coastallife #coastalvibes #luxuryrealtor #luxurylistings #luxurymansion #floridakeys #keylargo #tavernier #southflorida #compassrealestate #compassconcierge #miamirealestate #theaudreyrossteam #luxurylifestyle #milliondollarlisting #luxuryhomes #luxuryrealestate #luxurysocalrealty #waterfronthomes #waterfrontliving #beachfront #bayfront #toesinthesand #sandybeach #coastalstyle #coastalliving #compasseverywhere #agentsofcompass See more