Open House! Sunday, October 26th from 2:00 to 5:30 pm at:
10915 Jasmine Crest Lane, San Diego, CA 92121 (click on address to view detailed flyer) – map it here
$829,000 – $849,000
$829,000 – $849,000
Survey: Only Half of U.S. Consumers Realize Rental Payments Can Be Regularly Reported to Credit Bureaus
Renters Are Confused About What Payments Impact Their Credit Standing
Nearly half (48 percent) of renters mistakenly believe rental payments are automatically reported to credit bureaus. The survey findings reveal widespread confusion about which payments are included in a consumer’s credit history. A majority wrongly believe payments for cable and internet fees (53 percent), utility fees (54 percent) and cell phone bills (52 percent) are regularly reported to credit bureaus. At the same time, less than a third (29 percent) correctly identified mortgage payments as data that is regularly reported to credit bureaus.
Your real-estate agent may stand to make a nice commission off you, but that’s no reason to take him for granted. After all, the agent is working for you — as in, on your behalf. If inspired, he can think creatively and act quickly — for you. He can negotiate wisely and fiercely — for you.
Or not. Your choice.
Call for private showings 858-633-7050
Beautiful, contemporary home located on a quiet street west of I-5. rchitect designed and newly built 2006. Professional landscape and hards cape. Conveniently located-walk to shopping, school & library, restaurants, Del Mar Race Track and beach. Area is being developed by new & remodeled homes. Bright, 2 story with 1BR/BA on entry level. Quality finishes throughout, see supplement.
In August the seasonally adjusted annual rate of home sales jumped to the highest pace since February 2007, as many buyers made the effort to lock in rates before they rise any further. While rates have ticked down due to the Federal Reserve’s announcement that it would not taper its unconventional asset purchases in September, rates are still likely to slowly rise through the end of the year. Prospective buyers should take advantage of what is still a historically high level of affordability in the housing market before it diminishes. With inventory remaining tight in markets across the country, potential home sellers are still well- positioned to take advantage of the many buyers looking for opportunities and 18 months of year-over-year price increases.
Interest rates have moderated thanks to the Federal Reserve’s decision to continue its quantitative easing policies. 30-year fixed-rate mortgages are currently 4.32% with 15-year rates at 3.37% and 5-year adjustable rates at 2.63%. While the Fed’s policy announcement has helped rates in the near term, we should expect them to continue to increase as the overall economy improves.
Existing home sales were up 1.7% from July , hitting the highest mark since February 2007. The current annual pace of 5.48 million home sales represents a 13.2% increase over the same month last year and represents the twenty-sixth consecutive month of year-over-year increases. The recent spike in the rate of home sales is likely tied to the rise in interest rates in previous months, which caused buyers concerned about rising rates to get off the sidelines and lock in.
In August the median existing home price dipped slightly from the previous month to $212,100. Median price was down only 0.7% from July but was up 14.7% from last August. Home prices typically dip later in the year, so the current month- to- month trend is not concerning. However, the year-over-year rises in home prices bode well and will continue to help boost more homeowners out of negative equity positions.
The number of homes available for sale in August increased slightly but was not enough to keep up with the jump in buyer activity. This brought months’ supply of inventory, which takes into account inventory levels and sales rates, down 3.9% from last month to a current supply of 4.9 months of inventory.
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