According to the National Association of Realtors (NAR), median sales prices nationwide remain near record highs. While 30-year fixed mortgage rates approaching 8%, the San Diego housing market remains bullish thanks to sustained low inventory. Despite the market cooling in the first half of the year, property prices remain steady. “You’re not going to see house prices decline… There’s just […]
Red Hawk Realty Co-Owner and Broker Receives Recognition in SDAR 2022 Circle of Excellence Award The Greater San Diego Association of Realtors (SDAR) announced its list of premier brokers for 2022 including Red Hawk Realty’s Donn Bree. Circle of Excellence winners are determined based on client and member submissions for integrity, professionalism, and ethics. The […]
Is Land a Good Investment Right Now? What is Land Banking Land banking is the real estate strategy of buying raw, undeveloped land in the path of growth. The investment is typically held for 5-10 years with the notion of beating alternative investments. Like most things, the return on land investment is based on your […]
Utility Prices on the Rise in San Diego County Last month, San Diego Gas and Electric (SDG&E) customers saw their bills skyrocket due to new natural gas and electricity rates. The most significant contributor to these hikes were from natural gas, which more than doubled over the past year. SDG&E claims that market forces were […]
Mortgage Buydowns are Back: A Way to Save Money This week the Fed announced another mild interest rate hike planned for February amid continued inflation concerns. Lenders have already reacted to the news as interest rates across the country increased. Longer term, mortgage rate predictions vary widely for 2023. If high inflation continues, expect upper ranges […]
Does Raising Rates Really Slow Inflation? The Federal Reserve raised rates last month to fight inflation. Some economists want more; some politicians want less. What’s the logic? The ongoing debate about fighting inflation and high prices rages on but how do higher interest rates reel in inflation? According to the experts they help by slowing […]
Register Your Property For Recording Notifications We are excited to share a great new resource from the San Diego County Assessor/Recorder/County Clerk. When you register your property, you will automatically receive notifications whenever a document is recorded on your property/chain of title. Why should you register? It’s important to know the the status of property titles […]
We’re excited to announce our new YouTube Series, Ask an Expert! In our premier episode, Gwen Field, Title Geek from Corinthian Title, covers California Proposition 19 aka ‘Prop 19.’ What is Prop 19? It’s a California law that allows homeowners 55 and over to transfer their original tax base (property tax rate) on their current home […]
2021 proved to be another banner year for the San Diego real estate market, the U.S. economy and Red Hawk Realty. San Diego home prices grew over 27% year-over-year and the median list price was $779,900 – an increase of nearly 20%. Mortgage rates are still low but creeping up – surpassing 3% in November […]
What is Zestimate? In 2006, Zillow, the online real estate website, launched a new estimate service called “Zestimate.” The beta provided valuations for 60 million on and off-market homes in the U.S. Zillow also provided historical data, real estate trends, comps, satellite images, as well as specs related to the property. The accuracy of Zestimate […]