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Rising Mortgage Rates Challenge Buyers and Sellers

All the talk in mortgage circles for 2014 is about FED tapering, and rising interest rates...everyone from ABC News to Zillow is forecasting higher mortgage rates, something like 5% to 5.5% by December...and 6% by the 2016. What does that mean for buyers...and sellers?  We can look at this two ways...monthly mortgage cost increases as [...]

Insiders Know: Home Sales Volume Predicts Market Trends

When was the last time you saw a news story about "average" ?  Everything is about the biggest, fastest, most expensive, baddest stuff out there...average doesn't get too much airplay...and with all the focus on home prices there is almost nothing said about number of homes sold.  If you're buying $10-Million dollar homes the highest [...]

Buyers Priced Out by Higher Mortgage Rates? Zillow gets it wrong again

In a news story that appears in Bloomberg Online, Zillow's Chief Economist Stan Humphries talks about the 10 top cities where home prices and the threat of 5% mortgage interest rates are "conspiring against" buyers to make homes unaffordable.  Of course California is heavily represented...and of course San Diego is on that list at position [...]

Who is 5 Star Realty?

5-Star Realty opened it’s doors in September 2012 as a Brokerage dedicated to providing Clients with the highest level of personal service, a place where experienced Agents use a foundation of trust to build lasting relationships with every client, and the best place for new Realtors to develop the skills they need to successfully serve their clients.