Home Solutions San Diego Blog

Browsing through other San Diego real estate-related blogs today, I thought I’d share some interesting links and news:

Brian Brady of the Mortgage Rates Report says that there are new FHA Loan Limits in San Diego.

Kris Berger of The San Diego Home Blogthinks that perhaps affordability has been redefined in the San Diego real estate market. (BTW, I really enjoy Kris’ humor!)

The San Diego Blog reports that Sales of Super-Luxury Homes are Robust. I don’t think that most of the wealthy ever really experience “tough times”. The reason they can buy these homes is because they have a record of being good with money…

The 2008 SDAR Home Expo will take place at the San Diego Convention Center tomorrow, May 9th and Saturday, May 10.

So, the first quarter of 2008 is over and things are still relatively slow in the San Diego real estate market. I came across the San Diego Market Monitor where some 2008 predictions have been posted. Here are more predictions from a San Diego real estate broker.

My gut feeling is that interest rates are going to decrease as we head into the middle part of 2008. I don’t have any scientific analysis or data to support this hypothesis - again, it’s just a gut feeling. Perhaps all this talk about a recession will spur some rate cuts.

Here is a video of Robert T. Boyer of San Diego’s Finest Real Estate talking about the housing market, loan rates, and his own predictions for this year. Dr. Boyer says that the 5 things to look out for are:

Not going to be an easy year

More foreclosures

Aggressive pricing

Market trying to stabilize

Green light to buy a home

Browsing through the latest San Diego Special Edition, I came across Dan Melson’s San Diego and Real Estate Mortgage Website. While everyone else is talking about the doom and gloom state that they’re experiencing when it comes to selling their home, Dan Melson tells a different story about his clients.

As someone who believes that “thoughts become things” (If you’ve watched the movie, The Secret, you know what I’m talking about), I believe in this concept of The Law of Attraction. When you’ve stirred up enough energy around a certain event, you attract the same energy to it. In the case of the real estate market in San Diego, many people think that we’re in this slow market. That’s they’re reality.

So if you’re one of these sellers who thinks that it will take months to sell your property, chances are, that’s what is going to happen. It’s a self-fulfilling prophecy. On the other hand, if you keep a positive attitude and believe that you’re house will sell quickly, you’ll find yourself attracting buyers who seem to just come out of the word work to hand you an offer over and above your asking price.

The thing is, many of us listen to the news and read all these articles that spew negative thoughts and beliefs. If you hear it often enough you begin to think it’s true. I’ve even found myself caught up in the illusion.

Bottom line is, you CAN and WILL sell your home if you just simply BELIEVE!

What was once a land of small rolling hills is now a vibrant and busy community. I’m talking about East Chula Vista - an area that has seen tremendous growth in the past five years.

If you take highway 805 and exit Olympic Parkway, you’ll head into territory occupied by housing developments that stretch for miles. You’ll even pass by the new Otay Ranch Town Center where high-end retail establishments signify the wealth of the surrounding community.

Because East Chula Vista is a newer community, you’ll see a great deal of track housing which is pretty typical for Southern California. Those who bought in the early days of these housing developments - which was about 8-9 years ago - have experienced a huge spike in equity. Of course, like many areas of the country, the real estate market in this area has slowed down a bit, but home values haven’t gone down that much.

What I like about this community are all the little parks for kids (and adults!) to play. I also like the trails where people could take a walk or jog through the canyons and hills.

Homes in East Chula Vista start around the $400K’s. You can also find condos starting in the mid $200K’s.

Get more information about all of Chula Vista…

Here’s another great Chula Vista resource with demographics and charts…

What’s it like to live in San Diego? Well, as I browsed through The San Diego Beat blog, I came across this blog about San Elijo Life. The community of San Elijo is representative of the North County lifestyle. Rolling hills, gentle breezes, and over all easy-going, relaxed living. Hmmm…sounds like the life of almost every San Diego resident!

San Elijo is a suburban community located just over 30 miles north of downtown San Diego. It is home to San Elijo Hills, the highest point in the North County. Find out more about San Elijo Hills from Realtor, Jeff Dowler.

Pictured here is a home that is part of the Masterpiece Collection of single family homes located in San Elijo Hills. Other newer neighborhoods include Atherton, Luminara, and Symphony. Homes in these areas begin around the mid $500K’s.