Archives for February 2013

San Diego Events for March 2013

March 2 65th Annual Ocean Beach Kite Festival This is a fun day of festivities including a crafts fair, food and entertainment along with kite making, decorating, demonstrations, and a flying contest. This is a free event. Time: 9:00 am – 4:00 pm Location: Dusty Rhodes Park, Sunset Cliffs Blvd., Ocean Beach For more information […]

History of California Home Prices [Infographic]

A look at the history of California’s home prices from the 1970’s to today reminds us how real estate can be a great long term investment with home prices increasing nearly every single year. As we recover from the housing crash, home prices throughout California are back on the rise and are project to continue increasing through the rest of […]

Fresh-Baked Cookie Smell Won’t Sell Your Home

Just about everyone loves the smell of fresh-baked cookies, but new research suggests that aromas do not help sell homes. A study by Washington State University found that although homeowners are often told to create pleasing aromas when potential buyers pay a visit, that complex smells, like baked goods and potpourri, are likely to dampen enthusiasm […]

Headlines in Real Estate for week ending February 22nd 2013

Here’s what you might have missed this week in real estate news. Neighbors’ effect on appraisals The New York Times When calculating the value of a property, an appraiser also factors in surrounding conditions. Neighborhood nuisances like an overgrown yard or a resistant odor could, in some cases, bring down the value of adjacent homes […]

CA Housing Fast Facts

California median home price: December 2012: $366,930 California highest median home price by region/county December 2012: Marin, $796,880 California lowest median home price by region/county December 2012: Lake County, $127,500 California Pending Home Sales Index: December 2012: 82.3 , down 20.5 percent from November’s 103.5. California Traditional Housing Affordability Index: Third quarter 2012: 49 percent (Source: C.A.R.) Mortgage rates: Week ending 2/14/2013 30-yr. fixed: 3.53% fees/points: 0.8% 15-yr. fixed: 2.77 […]

Fed Regulators to Mortgage Lenders: No-Doc, No-Loan

As if common sense wasn’t needed in the mortgage industry, new federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans common during the housing bubble. Before making a loan, lenders must document the borrower’s job […]

Headlines in Real Estate for week ending February 15th 2013

In case Valentine’s Day caused you to miss anything, here are some real estate headlines you might have missed this week. The Value of Photos: 3 Tips For Home Sellers Di Matteo Group Studies have shown adding at least one photo to a residential real estate listing can up the final sale price by 3.9 […]

3 Tips to Staying in Love with your Home

When living in a home for any significant amount of time, it’s only natural for us to get bored with it and start feeling as if you’ve outgrown this place you once fell in love with and call home. Here are some tips on how to spice up your home and hopefully have you say […]

Letter from CENTURY 21 REAL ESTATE

Di Matteo Group is excited to share a letter we’ve received from none other than Rick Davidson, President & CEO of Century 21 Real Estate LLC. In his letter, Mr. Davidson congratulates Daniel Di Matteo for all he has done for his clients and CENTURY 21 through 2012: Your hard work and dedication to your […]

How Interest Rates Affect Mortgage Payments [Infographic]

With interest rates at historic lows, home buyers waiting on the sidelines may find themselves paying more in the near future as rates creep higher. Below is an Infographic from the California Association of Realtors which shows us how interest rates affect mortgage payments. Share your thought. Where do you think interest rates will be […]