HotelDel DownTown Sunset



Greetings from Jennifer Ross -  Realtor


Eliot fireworksI'm looking forward to the 4th of July with plans for a barbecue, bike ride and fireworks!  In my family all you have to do is break out the bottle rockets and sparklers and the boys/men absolutely come ALIVE!  We did have a recent practice session that got a little carried away.  The women all dove behind patio furniture while the boys/men cheered each other on.  Happy 4th of July!



News and Views  


Americans believe this is a great time to buy a house. "Nearly two-thirds of Americans surveyed believe now is a good time to buy a home. We hope federal and state lawmakers recognize this pent-up demand and enact policies that foster prudent homeownership," said Kevin Schneider of Genworth. The report also said 87 percent of people who bought their first home in the past 12 months expected to easily meet their mortgage demands in the coming year.
A new survey on consumer confidence by the The Discover U.S. Spending Monitor found 26 percent of people rate their personal finances as good, a slight increase from April. Also, 77.7 percent of households making $75,000 or more annually said they would have money left over after paying bills, the second highest figure ever recorded.


The Annual Happiness Index from the Harris Poll finds 81 percent of Americans say they are either very satisfied for fairly satisfied with their lives. Relationships with friends bring the highest level of happiness (93 percent), while family affairs are also elating (91 percent). Only 33 percent say they engage in hobbies or pastimes they enjoy. When asked "how satisfied are you with your life nowadays?," women (83 percent) seemed happier than men (79 percent).


The Case-Shiller Home Price Indices -- which measure the price trends in 20 major metropolitan areas including San Diego -- rose by 0.4 percent in April. "The numbers show that much of the improvement reflects the beginning of the spring-summer homebuying season" said David Blitzer of S&P.



7 Reasons To Buy A House Now 


If you're planning to buy a house right now, the next few months may be the best time to buy. Waiting for both housing prices and interest rates to fall may not be a good strategy for potential homebuyers since analysts don't expect any significant declines in these two most important home-buying factors. Here's nine real estate trends that suggest you should get into the housing market sooner than later.


Lowest Housing Prices in Years  Nobody knows when the housing market will hit bottom, but prices are at their lowest in several years and may soon start inching back up again. So buying now or in the near future may be the right time. An abundance of bargain-priced housing is now available because of foreclosures and falling prices.

Interest Rates at a 50-Year Low  Interest rates are near a 50-year low, according to housing analysts. By the second week of May, 2011, 30-year fixed mortgage rates had fallen to their lowest rates of the year at 4.63%. Although mortgage rates vary from day to day, the 30-year rate at this level is an attractive inducement to first-time buyers, or buyers who want to either move up to larger residences, or others, including many empty-nesters wanting to sell and move to smaller houses or condos.

Interest Rates Expected to Go Up  As the economic recovery gains momentum, interest rates are expected to increase, making mortgages more expensive. Even a half-percent increase in mortgage interest can add a hundred dollars or more to your monthly payments, depending on the amount of your loan.

Low Down Payment Mortgages Available  Low-down-payment financing through Federal Housing Administration-insured mortgages is available as an additional inducement to buy a house now. Down payment minimum requirements also fluctuate and may increase as the market heats up, so potential buyers with less cash to consummate a deal may be well-advised to buy now.
Lenders Offer No-Fee Mortgages  Many banks and other lending institutions are waiving mortgage loan generation and other fees and points (each point represents 1% of the loan amount), thereby reducing the cost of buying.

Home Builders Eager to Sell, Offer Incentives  Home builders, competing with the resale market, are offering incentives to potential buyers to reduce their inventory of unsold new homes. Incentives may include cash for furniture or free refrigerators, washers and dryers. Specific demographic groups, including military personnel, police, firefighters and health-care workers, have been targeted by builders for special offers. But virtually anyone who can qualify for a mortgage is likely to get a good deal from a homebuilder who is eager to sell. 

Motivated Home Owners Desperate to Sell  Desperate sellers of existing homes have also been offering attractive inducements to potential home buyers, including warranties on appliances, air conditioners and furnaces. Some sellers are even offering cash or have included furnishings, refrigerators, washers and dryers as a bonus to potential buyers. With so many existing homes in foreclosure or underwater - bargain prices are abound in this depressed market.


Courtesy of Forbes.



Video of the Week


Star Spangled BannerStar Spangled Banner Sung By 7 Year Old

A father brought his 7 year old daughter Rhema Marvanne into a recording studio, and she belts out the Star Spangled Banner with an amazing sounding voice!



Famous Quotes

You have to love a nation that celebrates its independence every July 4, not with a parade of guns, tanks, and soldiers who file by the White House in a show of strength and muscle, but with family picnics where kids throw Frisbees, the potato salad gets iffy, and the flies die from happiness.  You may think you have overeaten, but it is patriotism.
Erma Bombeck

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 22 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: 4.66%

15 yr fixed: 3.83%




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