The foregoing concepts describe why people might be willing to pay more for one property than an alternative choice, or even choose not to buy property. These are the basic elements understood to influence real estate value. Perhaps the most overlooked and underestimated consideration influencing value in real estate is timing. In my opinion, timing […]
More than 900 communities that were at risk for losing access to federal rural housing programs are now protected through 2020. For the last three years, NAR has worked with Congress extend the eligibility of communities under a 40-year old definition of rural. The United States Department of Agriculture (USDA) had been required to revise […]
It is now common knowledge that real estate prices have risen significantly in the San Diego metropolitan area during the past year. Home prices are rising at a rate of more than 1% per month on average.[1] At this rate, an average home will double in value in less than 8 years – perhaps even […]