General News - Real Estate, Updates, News & Tips

Welcome to the Team Sandra Solano Dealing the San Diego Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

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Top 10 Destinations for Out-of-State Movers

Home shoppers’ interest in relocating to a different state is on the rise, finds a new survey from realtor.com®. During the first quarter, 40.5% of prospective buyers searching for homes for sale on realtor.com® were looking for homes outside of their current state.“After two years of pandemic remote work, offices have started to reopen, but instead of seeing a slowdown in the number of people interested in homes out of state, we’re seein

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What Rebounding Birth Rates Mean for Housing

The beginning of the pandemic spawned a “baby bust,” with birth rates falling to 100-year lows. But economists say that is quickly reversing. Could a baby boom be next? Not necessarily, economists say, but the latest data still shows an increase.Historically, birth rates tend to go down during recessions and uncertainty in hard times, like pandemics. Birth rates followed that trend early in the pandemic when the states with the largest COVID-

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Asian American Homeownership Rates Rebound

Homeownership is a big part of the “American Dream” for Asian Americans, according to a new report from realtor.com®, which coincides with Asian American & Pacific Islander Heritage Month. Their presence in the real estate market has been rebounding sharply after having decreased during the early stages of the pandemic.Homeownership rates for Asian Americans were at 61.2% in the fourth quarter of 2021. Home sales have grown the most amon

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10 Metros with the Highest Yearly Price Gains

Home prices are surging across the country, but a handful of areas are seeing some of the highest appreciation in the country upwards to 28% or more in one year alone.The majority of the top 10 areas recording the largest annual gains are in midsize and small markets and half are located in Florida, according to a new quarterly housing report released by the National Association of REALTORS®.“Traditionally, homes in these markets were viewed a

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US Metros See Major Price Appreciation

Homeowners may be shocked at what their price is now worth. In the first quarter, 70% of the largest metros in the U.S. posted double-digit price growth in median single-family existing-home sales prices, the National Association of REALTORS® reported Tuesday.The median sales price of a single-family existing home rose at a faster pace in the first quarter and was at $368,200, a 15.7% uptick from a year ago.While prices rise and mortgage rates t

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Most Common Inspection Problems Uncovered in New Homes

About 14% of new home buyers—or one in seven—forgo a home inspection, a survey finds from Clever Real Estate. Buyers are more likely to hire a home inspector when purchasing an existing home.But new homes can turn up problems too.For those who did do an inspection, 65% said they uncovered issues with their newly constructed home. The majority of those problems were minor and did not delay closing. However, about a quarter—24%—of new

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Mortgage Rates Average 5.10% this Week

The 30-year fixed-rate mortgage barely budged this week, but it’s still stressing home shoppers feeling concern about being priced out. The 30-year fixed-rate mortgage averaged 5.10%, down slightly from 5.11% last week, Freddie Mac reports.But it is one week before the Federal Reserve is expected to raise interest rates further, Nadia Evangelou, National Association of REALTORS® senior economist and director of forecasting, says on the associa

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Demand Doubles for ARMs

The share of mortgage applications with adjustable-rate mortgages doubled last week when compared to three months ago, the Mortgage Bankers Association reported Wednesday. ARMs, which start at one rate and then fluctuate after a set period, comprised more than 9% of loans and 17% of the dollar volume.ARMs were blamed for contributing to the housing bubble of the mid-2000s, offering teaser low rates to borrowers that, once they reset, led to some

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Seller Profit Margins Dip Slightly in Latest Report

Home prices are still rising, but sellers’ profits may be slowing from their recent highs. However, most sellers continue to see huge gains and profits still remain at historical highs.The profit margins on median-priced single-family home sales across the U.S. fell to 47.2% in the first quarter. It was the first quarterly decline since late 2019 and the largest in a decade, according to a new report released by ATTOM Data Solutions. The first-

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