Rancho San Diego Bulletin

Add $20k to the list price if you want to compete... or move to Texas.

Just got back from Austin TX and housing prices aren't cheap but everything else was from what I could tell. However, they have big red cockroaches, unlike SD. Consider that if you're thinking of moving. www.joeomeara.com

How much salary do you need to buy a home in San Diego?

Cosmetic Fixer in a GREAT neighborhood in La Mesa! There's not many DEALS out there and this is one. Email me for more info: [email protected]

Coming Soon 2br Condo in Rancho SD - Luxury Condo!!!

Coming soon listing off of Tropico Drive. Nobody knows about it but you! Open House Saturday 2-4pm hosted by Jefi, me and the Cheesy Amigos!!!

Coming soon! Turn key home!!

Mega Open House this SUNDAY 2-4pm. Taco Truck, Champagne, and good times await! Short sale 4 bedroom 3 bath home. Come over and say hello - everyone is welcome. Bring a friend. Also, this home is near my home so bring me a good neighbor... please! https://tours.agentimagery.com/public/vtour/display/1398269

The average rate on the 30-year fixed mortgage hit 3.70% Friday, the lowest since November 2016, according to Mortgage News Daily. That rate will likely dip even lower this week, as bond yields continue to fall. The drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so.

National home prices increased 3.4% year over year in June 2019 and are forecast to increase by 5.2% from June 2019 to June 2020, according to the latest CoreLogic Home Price Index Report.

The majority off San Diegans will not sell their homes because of their tax benefits of Prop 13. That's why I see sooooo many converted unpermitted rooms on top of garages, in garages, patios, etc. The city doesn't have the manpower to regulate these unpermitted additions so unless a neighbor tells on you, you can get away with it. No, it won't hurt you in selling your home either. We've sold hundreds of them without a problem, it just has to be priced right. ADU's or Accessory Dwelling Unit has become more acceptable to the municipalities of our county so it's a more viable option. If you want a referral of a company that deals strictly with helping people get started let me know. [email protected] They're based out of La Mesa and you can schedule an appt for a Q&A.

What do you think about this? They'll remake the 900,000 square-foot mall into a mixed-use office campus meant for elite tech firms. The Campus at Horton. It’s a $275 million office park, where storefronts are reused as modern workplaces and ground-floor spaces are converted into trendy food and fitness concepts.

I went to check out this open house yesterday at 2pm but had to make a U-Turn due to the 9 Sheriff SUVs lined up around the house. Being a Realtor can be dangerous and I’m very happy she’s ok and hopefully not too shaken up. Years ago I walked in on a squatter on a typical sunny Sunday morning in Mira Mesa and as I opened the front door something squishy was on the other side and then I saw big toes coming through the bottom of the door! Freaked me out. I immediately stepped back so he could not close the door behind me, who knows what would have happened because he was bigger than me and might have had a weapon, let alone the element of surprise. Luckily, he left civilly but it shocked me and it made me a bit paranoid anytime I go to a vacant home.

La Mesa Village 3br condo across from Farmers Table hitting the market today!

Tea leaves for the market place!!! 1. Stocks are dropping 2. Home sales are dropping (past 4 months) 3. Economists are talking recession Home prices have gone up 50% over the past 6 years while incomes have risen 10%.

Joe OMeara helps clients sell and find properties all over San Diego County and his office is located in La Mesa, California. He has over 15 years of experience and provides free consultations for buyers and sellers all over San Diego, especially east county, Rancho San Diego. He is a great negotiator has a full-service team to help make your escrows smooth and close on time. Contact him directly at [email protected] or 619-925-1972.

We have 5 coming soon listings in La Mesa and 1 in Del Cerro. If you want the addresses and an early preview before they go public message me or email me at [email protected] (619-925-1972)

An elderly client bought a new home and the enthusiastic real estate agent sent flowers for the occasion. When the new owner read the card, it said Rest in Peace. The owner was furious and called the florist to complain. After he had told the florist of the obvious mistake and how angry he was, the florist said, Sir, I’m really sorry for the mistake. But rather than complaining you should imagine this: Somewhere there is a funeral taking place today, and they have flowers with a card that reads: Congratulations on your new home.

Check out my new listing in La Mesa. For more information, click on the link below or give me a call. 619.925.1972

HOUSING NEWS The proposed tax reform plan would cut the mortgage interest deduction on new purchases. However, economists don't think it will have any effect on the housing market. Millennials now make up the largest segment of new home buyers. They are buying the greatest share of starter homes and low-to-mid tier homes as well.... Construction spending hit a record high in October. Private residential spending rose 11.2% year-to-date, with new single-family construction up 9%.

Good news for buyers out there: The Fed announced they will not raise policy rates this month. However, they did signal a rate hike in December is likely, as well as 3 more hikes in 2018.

Proposal for California to create INVENTORY and a move up market - CHANGING California prop 13!!!!!!!! THIS IS A GAME CHANGER. http://www.sdar.com/index.php/the-scoop. To Save you time... check it out on MINUTE 11.

2017 California Housing Market Forecast Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity. The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold.

TransUnion, Equifax to Pay for Deceiving Consumers in Marketing Credit Scores and Credit Products. The Consumer Financial Protection Bureau (CFPB) recently took action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring payments for credit-related products with false promises. The CFPB ordered TransUnion and Equifax to truthfully represent the value of the credit scores they provide and the cost of obtaining those credit scores and other services. Between them, TransUnion and Equifax must pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million to the CFPB.

In terms of millennial growth, San Diego ranks No. 24 out of the 50 biggest metros. This article explains why... http://www.sandiegouniontribune.com//sd-fi-millennial-grow

On average, home prices nationally increased 5.5% from the previous month. Prices now stand at an ALL-TIME high. Regardless of increasing prices, pending home sales continued to rise in October. Demand remains strong and inventory remains tight across much of the nation.

Click below for the latest San Diego County Statistics.

Shrewdly use real estate to assist with sending your children to college! Forbes reveals all...

San Diego's monthly housing supply stats.

Zip 92019: 2015 vs 2016 MLS Stats: 2015 Price of $500,500 2015 Days on Market: 43 2016 Price of $510,000 (+1.9%) 2016 Days on Market: 34 (-9)

The stock and bond markets will be carefully reviewing the Trump administration’s 100-day plan, discerning the top expected priorities, and reacting to announcements of political appointees in key government positions. During the next 60 days before inauguration, we will likely see very volatile market price swings, up and down in price, often within the same trading day. This volatility will likely continue for several months until all appointees are announced and legislative priorities are publicly communicated.

Markets worldwide reacted to Trump's victory, causing mortgage rates to rise. The reaction was to his proposed economic policies, not his political agenda. Initially markets were expected to react negatively to Trump's win. Instead stocks rallied and bond yields skyrocketed on early belief that inflation will follow. The Fed is now overwhelmingly expected to raise policy rates at their December meeting. However, the Fed's decisions have not failed to surprise in the past.

Sunday, November 6 @ 2:00 AM as clocks "fall" back an hour.

This famous couple puts up another SoCal home for sale!

A new study shows when is the best time to charge your phone:

San Diego homes being built now are 124 percent bigger than they were a century ago!

A Beautiful new listing has just hit the market in Lakeside! At only $225,000 this property is sure to sell quick. With a recently renovated kitchen and living room featuring gorgeous cabinets and stone countertops this 2 bedroom 1 bath condo in Stone Canyon is perfect for anyone looking for a move in ready condo. Contact me to set up a viewing! (619)925-1972 http://ow.ly/3RLT304prLl

This recently renovated turnkey single story home on a quiet street is ready for immediate occupancy with plenty of room to park the boat or RV. All upgrades and additions permitted and include a master retreat, laundry room, open floor concept, new kitchen cabinets, countertops, appliances, refinished hard wood, new carpet, floor to ceiling tiles in shower, interior / exterior paint, and more! Click here for more photos and details!

Home renovation projects that you can do on your own and those you need a professional for:

You can shop for decorations in your own home:

Add a little dye to your home for an interesting splash of color:

Your small kitchen space can look a whole lot bigger with these easy tricks:

This home perfectly balances modern design and nature. What do you think of the style?

If your courtyard looked like this, your guests might never leave!

If your kids is off to college, or you have a smaller space yourself, these storage solutions are perfect!

Through July, home prices are up over 5 percent in San Diego County.

My boss made me go into the office on Labor Day. Halfway through the day, he came in to check up on me and caught me having a beer. He said to me, You can’t drink while you’re working. I said, Oh, don’t worry I’m not working.

This gorgeous hillside home opens up like a lotus flower:

A new app can turn your old phone from junk to fire alarm.

OPEN HOUSE: 411 Dewane Dr, El Cajon at the foothills of Fletcher Hills. 8/13, Saturday from 2-4pm. Everyone is welcome so please stop by to see this completely renovated home that has never before been on the market. http://youtu.be/nFaJR437uQE

Another "Team You Need" Listing from Jefi and Joe on Lawler, next door to our recently closed listing at 4622 Lawler Ct that closed last month. This one is only $725k compared to their neighbors of $750k. Contact us for more info. [email protected] or call 619.925.1972

Bubble or no bubble, that is the question.

Amazing views in Mt Helix, La Mesa. Contact us for a personal tour.

During times that your chimney is not in active use, consider plugging it with a chimney balloon. This will keep cold drafts out in the winter and block cool air from leaking in the summer.

If sipping your morning tea/coffee while listening to birds singing in your quiet, maturely landscaped neighborhood appeals to you... then look no further! Perfect floor plan to entertain your guests downstairs while not disturbing bedrooms upstairs. Entertain your guests playing pool, surround sound BOSE speakers, tree house w/ slide, or relax and BBQ near the fire pit. Stainless steel appliances, Durable Brazillian Bellawood, HVAC only 5 years old & multiple fruit trees. Contact Joe at JoeSDrealtor@gmail for a personal tour of 1334 Pine Dr, El Cajon 92020! $450,000+

Real Estate UPDATE: Prices for new homes also hit a RECORD high, as tight inventory continues to drive up prices. Pending home sales were up 5.1% in April, hitting the HIGHEST levels in a DECADE. Demand continues to soar, fueled by an improving economy and low rates.... Are we going to see a downturn in the market? A lot of experts, like Gary Keller of Keller Williams and SD local Brian Buffini, are predicting a shift is coming.

Cable companies are being replaced with Sling, Amazon Prime, and Netflix. Same thing with Alarm companies like ADT. Not sure how good SimpliSafe is yet but I'm thinking of trying it out and if it's awesome, I'll promote it to my clients. If anyone has any info on this alarm system or any alarm system, good or bad, I'd like to hear it. Two days ago I had a listing appointment in a very nice home in La Mesa and the seller mentioned they were robbed 6 months ago. It happened to other neighbors too. They just stole jewelry, no laptops. This system might have made a difference.

New Listing in the highly desired Carefree San Carlos Community. $285,000.

Pocket listing that's going to hit the market soon. 55+ up condo at 6650 Amherst unit 12c in San Diego college area. Anyone at any age can purchase but you have to be 55+ to occupy. This was a vacation home for my clients and it could be the same for you. Could be a rental as well. Central to shopping, restaurants and public transportation. 6650 Amherst has a community room with free wi-fi. $118k

Contact me for a personal tour of this amazing Alpine home. [email protected]

Professional videography available to you when you sell your property with Joe OMeara at Keller Williams Realty in El Cajon & La Mesa. Email [email protected] for more info and a free consultation.

Did your Realtor use 3D Matterport to help sell your home? Prospects can walk through your property using their mouse or arrow keys!! Contact Joe OMeara at Keller Williams for more info. www.ServingEastCounty.com or [email protected]

Dreaded PMI. Buyers don't care much about it when they 1st buy their home but after a year of seeing a few hundred dollars a month fly out of their pockets they become super motivated to get rid of it and I love to help them. Personally, I think PMI is a Cash Cow Sham and it sure didn't seem to help when the market crashed in 2008.