Blog
Baby Boomers’ Wave to Downsize
As the first groups of baby boomers gracefully rides the wave of aging, they are setting new trends in the housing market, giving birth to what experts fondly refer to as the “Silver Tsunami.” This phenomenon is not merely about a change in address; it’s a lifestyle transformation tailored to meet the unique needs of... Read More
Keep More Profits from Home Sales
In recent years, home values have soared, presenting an opportunity for homeowners with substantial equity to consider a unique tax benefit. Section 121 in the IRS code allows for homeowners who meet certain requirements to exclude up to $500,000 of capital gain on the sale of their principal residence. Single or married taxpayers filing separately can... Read More
Breaking Down the 20% Down Payment Myth
For years, the 20% down payment has been touted as the golden standard in real estate transactions. This belief has deterred many potential homeowners, particularly first-time buyers, from even considering entering the market. It’s time to set the record straight and open the doors to the beautiful condos and homes in downtown San Diego for... Read More
Adapting to Life’s New Chapters
Navigating through life’s major milestones often brings about significant changes, particularly when it comes to where we call home. Initially, our residences might align perfectly with our needs, but as life unfolds, what once seemed ideal may no longer serve us as well. This realization often prompts the contemplation of a move, a decision influenced... Read More
Downtown San Diego 2024: Innovation and Luxury Upgrades
Welcome to the heart of urban paradise! Downtown San Diego is undergoing a transformation, positioning itself as a beacon of luxury, innovation, and lifestyle within the vibrant Southern California landscape. As a premier destination for buying a home in San Diego, the downtown area is not just about the stunning waterfront and bustling business district;... Read More
The Relationship Between Homeownership and Net Worth
During the span between 2019 and 2022, the COVID-19 pandemic significantly disrupted both society and economic activities. Nevertheless, the latest Survey of Consumer Finance, which has recently been unveiled, highlights widespread enhancements in the financial well-being of American families during this timeframe, especially concerning their net worth. The median net worth of homeowners increased 37%, after... Read More
Understanding Credit Life Insurance for Home Buyers
Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance of the loan. In the case of a home purchase, credit... Read More
How to Make 92101 Your Own
Whether you’re a seasoned homeowner or just starting this thrilling chapter, every time you turn your key, you’re not just entering a house but also embedding yourself in a neighborhood. Downtown San Diego is more than its stunning skyline and bustling streets; it’s about the people who make it vibrant. Here are some tailored suggestions... Read More
How Home Value Growth Beats Renting
Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent has increased at a rate of 3.88% annually which presents a compelling argument in favor of homeownership. When we analyze these figures, it becomes evident... Read More
Bridging Wealth Gaps: Homeownership’s Stand Against Inflation
When exploring the benefits of homeownership, it’s more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics of appreciation and amortization, explaining why owning a home can be... Read More