Prices & Sales Continue Rising in 2016

Prices for single-family homes, while not quite reaching the highs set in 2005, ended the year with modest gains. The median prices for homes gained 5.4% compared to 2015. Making it the fifth year in a row of year-over-year gains. The median price for condos/townhomes did reach all-time highs in 2016, gaining 8.3%. Sales were up marginally in 2016. Single-family…

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NEW FHA LOAN LIMITS FOR 2017

The Federal Housing Finance Agency has released the conforming loan limits change for 2017. This change resulted in higher loan limits beginning in January for many counties across the country. The Federal Housing Administration is insuring loans for people looking to purchase a home or refinance a home with a little equity. The program insures loans up to the maximum…

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So How Did We Do For Our Clients-Compared to Other MLS Agents?

Our Listings Sold within 24 Days, on average, compared to 48 Days for MLS Agents. Our Listings Sold for 99.1% of Our Sellers Full Asking Price-Compared to 95% of List Price For MLS Agents. Home Sellers That Hire The Don Pelletier Group Sell Their Homes in One-Half The Time-AND For 4% MORE MONEY, on Average! The Agent You Select Makes…

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Why Pay Someone Else’s Mortgage?!

Before you make another payment on your landlord’s mortgage, here are a few things you should know: Many people who rent can actually afford to buy their own home, no matter what they may think about down payments and affordability. Stop making someone else wealthy! With a down payment of 2% or less, you could own a home! CalHAFA –…

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February Calendar of Events

Want a printable calendar? Click here for the PDF Circus Vargas presents Steam Cirque   Feb. 2-13  Goggles, gears, and gadgets set the stage for 2017’s retro-futuristic production, Steam Cirque! Meet and mingle with the entire cast after each performance. Capture the fun by posing for pics or selfies with your favorite cast members, all part of an unforgettable Circus…

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Industry Expert: The Only Thing to Fear in 2017 is Fear Itself

Housing market functioning at pre-crisis norms The housing market is improving and in some areas, even back to pre-crisis levels. Now, one expert explains that the only thing to fear in 2017’s housing market is, well, fear itself. During the past few weeks, the housing market saw an increase in existing home sales at the highest pace since 2007, a decrease in foreclosures and…

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January Calendar of Events

Want a printable calendar? Click here for the PDF San Diego International Auto Show  Dec. 29-Jan. 2  Will feature over 400 over the latest new models, a dozen test drives, exotics, automotive products and much more! Thur & Fri 10am-9pm, Sat 10am-6pm, Sun 10am-9pm, Sun 10am-7pm / San Diego Convention Center www.sdautoshow.com Toss for Tots Campaign  Jan. 1 A fun…

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Are You Planning a Trip to the Snow This Winter?

If you are planning a trip to the snow this winter, and think you may need snow chains, I have an excellent service to refer you to. I grew up in snow country and recall all of the problems that you can encounter when putting chains on your vehicle-from the hazards of installing the chains on the side of the road,…

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San Diego Water Conservation: New Law That Takes Effect in January – That You Should Be Aware Of

Effective January 1, 2017, new water conservation regulations will take effect for interior water fixtures in almost all single family residential properties. Here’s what you need to know:   Background: In 1992, the California Legislature passed SB–1224. This senate bill imposed water conservation standards on all toilets and urinals installed in all single family residential homes, multi–family residential properties, and commercial…

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New FHA Increased Loan Limits is Good News for 2017 Home Buyers!

Lack of affordability in the housing market, as you know, has been an ongoing challenge for home buyers in San Diego for many years. Now that the median home price recently hit 545K in late 2016-just shy of the all-time peak of 576K in July of 2005-the affordability issue is, once again, ‘front and center’. At a price point of $500,000,for example,…

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