A fun November 2020 snapshot of real estate statistics, rates and trends, here in North County, San Diego, CA. Includes our popular beach communities of Oceanside, Carlsbad, Encinitas, Cardiff, Solana Beach, Del Mar and La Jolla.
17% ⬆️ Annual Appreciation
2.7% ⬇️ Today's Loan Rate
5% ⬆️ 6 Month Rental Price Change
(arrows express movement from previous month)
Hurry, this one could sell soon! Click here for property details, map and pictures.
How does Proposition 19 change the rules on tax basis portability?
Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable value of their primary residence to: a) a replacement primary residence anywhere in the state, b) regardless of the value of the replacement primary residence (but with adjustments if replacement has a greater value), c) within two years of the sale and d) up to three times (or as often as needed for those whose houses were destroyed by fire).
The prior rule limited this exemption to a one-time transfer within the same county (Prop 60) or between certain counties (Prop 90) and only if the replacement property was of…
Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.
Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The housing market, however, will remain strong for four reasons:
The nation’s largest generation began entering the housing market last year as they reached the age to marry and have children – two key drivers of homeownership. As the Wall Street Journal recently reported:
“Millennials, long…
