HotelDel DownTown Sunset



Greetings from Jennifer Ross -  Realtor


People who know me well, know that I can fall asleep anywhere, anytime if I'm tired!  I actually fell asleep, with mouth open and tiny drool, during Disney's Musical "The Lion King".  We had aisle seats and the characters were performing inches from me!   But last weekend I saw Andrew Lloyd Webber's musical "Cats" at the Civic Theatre and managed to stay wide eyed during the entire production!   The costumes, cat-like movements, music, voices and dancing were amazing.  I highly recommend seeing it next tour - MEOW!



News & Views


Mortgage interest rates have dropped to a new all-time low. Fannie Mae reports the average rate on a 30-year fixed-rate loan dropped to 3.89 percent in the past week, the lowest since they started keeping records in 1971. The rate on a 15-year fixed-rate loan also hit a new low at 3.16 percent and, not to be outdone, the rate on a one-year adjustable loan hit 2.76 percent. You guessed it, also a new low.


The latest home value report from Zillow finds fewer metropolitan areas are reporting declines in home prices. The report finds home values in December appreciated or remained flat in 60 percent of the 165 housing markets covered in the report, including San Diego. Interestingly, it actually shows home valuations in San Diego County rose by $9.7 billion last year to $393.6 billion.


A report out last week from American Express calls 2012 "The Year to Decorate and Dash," saying 56 percent of households surveyed plan to increase or maintain levels of spending. The biggest increases will be dollars spent on travel and home improvement.


Your odds of getting audited by the IRS are pretty much slim and none if your income is below $200,000. That's the takeaway from the latest stats released by the agency recently. However, higher income taxpayers are being looked into more aggressively. The IRS data finds 12 percent of millionaires were audited in 2011 compared with 8 percent in 2010 and 6 percent in 2009. Overall, 1.6 million individual returns were audited last year, slightly more than 1 percent of the 141 million returns filed in 2011.



The Most-Overlooked Tax Deductions  

Don't let a knowledge gap prevent you from taking advantage of these money-saving tax breaks.

Every year, the IRS dutifully reports the most common blunders that taxpayers make on their returns. And every year, at or near the top of the *oops* list is forgetting to enter their Social Security number at the top of the tax form -- or making a mistake when entering those nine digits.

But think about it for a minute: Do you think that's the most common mistake... or simply the easiest to notice?

One thing we know for sure is that the opportunity to make mistakes is almost unlimited, and missed deductions can be the most costly. About 45 million of us itemize on our 1040s -- claiming more than $1 trillion worth of deductions. That's right: $1,000,000,000,000, a number rarely spoken out loud until Congress started tying itself up in knots trying to deal with the budget deficit and national debt.

Another 92 million taxpayers claim about $700 billion worth using standard deductions - and some of you who take the easy way out probably shortchange yourselves. (If you turned 65 in 2011, remember that you now deserve a bigger standard deduction than the younger folks.)

Yes, friends, tax time is a dangerous time. It's all too easy to miss a trick and pay too much. Years ago, the fellow who ran the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpay their taxes every year by overlooking just one of the money-savers listed in this article, including refinancing points, credit for energy-saving home improvements, and home-buyer credit.




Video of the Week


Surprise Singing Proposal On Subway

You may have already seen this very popular video on the news! One, then two, then many more 'passengers,' who were really Adam Street Singers, started singing a romantic song on the subway, until the climax when a man appeared and asked his girlfriend to marry him.



Famous Quotes

Just living is not enough. One must have sunshine, freedom, and a little flower.
Hans Christian Anderson

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: 4.18%

15 yr fixed: 3.38%




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