•2006 Census: Top Ranking Us Counties For Median Family Income
In October 2006, the United States Census Bureau released data about the median family income of families in all counties within the United States and Puerto Rico. The data was released in the Bureau’s Annual Community Survey (ACS) report. The median family income (in 2005 Inflation-Adjusted Dollars) represents the mid-point of family income for a county, where half of the families are above the median value, and half of the families are below the median value. The median value measurement is...
•2006 Census: What Cities Had The Biggest Home Price Increases?
In October 2006, the Census Bureau release data on shifts in median price home values from 2000 to 2005. For the 15 largest cities in the United States (based on household size), San Diego had the largest jump in median price with a whopping 127.2% increase. A ranking of the top 15 cities is provided below as well as data about the median home value in 2000, the median home value in 2005, as well as the percentage increase in real median home values from 2000 to 2005.
1.San Diego city,...
•2006: Condo Surplus In San Diego County
Condominiums are an important part of San Diego’s real estate landscape. Although there are some very pricey condos, in general, condos are more affordable than single-family homes and represent a good housing option for moderate and lower income buyers. With the housing boom seen over the last few years, San Diego experienced a rapid expansion in the number of condominium units available for sale. Much of this expansion occurred by converting existing apartment complexes into condominium...
•Do You Need A Home Inspection?
If you have purchased a home or are considering buying a home, then you’ve probably heard about home inspections. So what exactly is a home inspection, when does a home inspection occur, how much does it cost, how can the information uncovered by an inspection be used, and how can you find an inspector?
What is a Home Inspection?
A home inspection is a through examination of the physical condition of a home by a qualified inspector. The product of a home inspection is usually a detailed...
•Protect Your Self When Buying A Home: Get A Buyer’s Agent
If you’re considering buying a home, condo or other type of real estate, then you should know about the benefits of having a buyers’ agent. Buying real estate is a complex process with many details that need to be accomplished. The sole responsibility of a buyer’s agent is to only represent the buyer’s interest in a transaction.
When dealing with a Real Estate Agent, it is important to understand whom they represent before starting any substantive discussions. In some cases, an agent...
•Understanding Real Estate And Home Foreclosures
Foreclosure is a process by which a person borrows money to buy and home, condo or townhouse, but is unable to maintain the payments on the borrowed money. For example, if a person takes a $300,000 loan to purchase a property, most often they will repay this money in monthly installments. If they are unable to pay the monthly installments, the lender (usually a bank), will take steps to regain ownership interests in the property – a process known as foreclosure.
With the boom in home...
•What Does A One-Bedroom Condo In San Diego Cost?
The real estate and homes for sale in San Diego County are generally considered expensive in comparison to many other parts of the Country. However, even within San Diego, there are some areas of the County that are more affordable than others. This article categorizes the availability of one-bedroom condominiums and townhomes by price range and community.
If you are considering buying a one bedroom condominium or townhome in San Diego, look at the list below to identify communities that fall...
•What Does A Real Estate Seller’s Agent Do?
There are some home owners who choose to sell without the services of a seller’s agent. The real estate industry calls these types of sellers, ‘For Sale by Owner’ or FSBO. If you are in the FSBO category, then you may find the information below useful.
For some FSBO, you can save a lot of money by not using a Real Estate agent. But you should examine this issue carefully as this decision is more complex than it appears. Below are some of the issues that seller’s should consider before making...
•What Is Title Insurance For A Home?
What is Title Insurance?
When you sign a contract to purchase a home, it usually takes between 30-60 to complete the transaction. During this time, usually referred to as the escrow or closing period, many activities occur to secure a loan and to transfer the property from the seller to the buyer.
What is a Title Search?
One of these steps is called a title search. A title search is conducted to determine who owns a property. A property’s title records the history of ownership about a...
•Where Is The Best Place To Live In The United States?
According to the Anholt State Brands Index (ASBI), North Carolina tops the list of states where Americans want to live. Simon Anholt, who developed the ASBI, notes that a State’s brand value can be measured using six key verticals including place, potential, presence, pulse, people and prerequisites.
The ASBI provides a quantitative assessment of each State as perceived by Americans, and also across the top 15 countries that have the highest levels of inbound tourism. The survey was conducted...
•Who Really Funds Home Loan?
There are two major sources of mortgage financing.
(1)Primary Mortgage Markets- where mortgage loans are originated. It is made up of
(A) Institutional lender- which are Insurance companies, Savings and Loans (Savings bank) and Commercial Banks. They receive most of their deposits from “Household Savings” (Savings of individual depositors)
(i) Insurance Companies—They prefer long terms loans on existing commercial property such as shopping center loans. Mortgage bankers (Loan...
|
|