HotelDel DownTown Sunset

Greetings from Jennifer Ross -  Realtor
First HomeI purchased my first house 24 years ago in San Diego for $117,000 in the foothills of Mt. Helix.  It was a large ranch style fixer with a huge lot and pool.  We couldn't afford to refinish the wood floors so we filled all the nail holes and polished over 2,000 sq. ft. of floors with lemon oil by hand. I learned how to silicone and caulk the entire pool. I even made my own kitchen curtains  (boy have times changed)!
The Winner of This Week's Drawing Is...  

Donna Dube!
Donna has won a $50 Cohn Restaurant Group gift card. 

The next drawing will be in a few weeks... .
San Diego Home Affordability At All Time High

Home affordability for first-time buyers in the San Diego region reached a record-high last quarter, made possible by historically low lending rates and slight drops in median home price, according to an index from the California Association of Realtors late this week.
Sixty-two percent of first-timers in the region can afford starter homes, rising from 60 percent in the third quarter and 57 percent one year ago, the quarterly barometer shows.
By comparison, just 23 percent could afford that starter home in the second quarter of 2006, the all-time low for housing affordability in San Diego County.
"The reason for the new record has to do with the fact that home prices are considerably lower than those at the peak though they've edged up and hit bottom," said Robert Kleinhenz, the association's deputy chief economist. "Mortgage rates have hit historic lows, the lowest in decades."
Using the Realtors' math, a first-timer last quarter had to earn an annual income of $50,100 to purchase a starter-home priced at $324,190. The monthly payment was $1,670, including taxes and insurance, and assuming a 10 percent down payment, and an adjustable interest rate of 3.39 percent.
That's down from an adjustable interest rate of 5.76 percent in the spring of 2006, when an entry-level home was $521,118 and a first-time homebuyer had to earn $100,152 a year.
The index measures the percentage of local households able to afford a starter home - valued at 85 percent of the area's median house price. The index assumes that buyers are making a 10 percent down payment and getting an adjustable-rate loan. The association considers its measure "the most-fundamental measure of housing well-being for first-time buyers."
Last quarter's income figures are down from the third quarter, when a San Diegan had to earn $52,200 for a starter-home priced at $329,470. The adjustable rate at that point was 3.66 percent.
Courtesy of
Video of the Week


44 Presidents44 US Presidents
In honor of President's Day, here's a popular video (almost 5 million hits!) depicting every US President from Washington to Obama - interesting from a visual standpoint as each President's image is morphed into the next.

Famous Presidential Quotes

Efforts and courage are not enough without purpose and direction.
John F. Kennedy


A man is not finished when he's defeated; he's finished when he quits.
Richard M. Nixon


Don't expect to build up the weak by pulling down the strong.
Calvin Coolidge


Peace is not made at the Council table or by treaties, but in the hearts of men.
Herbert Hoover


As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.

Acedemic Earth 

Jennifer Ross

Experience Counts!
Over 21 years in
Real Estate sales
Serving all of San Diego
Office: 800.913.7677
Direct: 619.985.7340


Current Mortage Rates
 ( weekly avg)
 30 yr fixed: 5.23%
15 yr fixed: 4.48%


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