In its 70th year, the Del Mar National Horse Show runs from April 16 through May 3 at the Del Mar Fairgrounds Arena. Elegance, excitement, and excellence are the hallmarks of the show, one of the oldest and most prestigious equestrian competitions in the western United States. A different aspect will be highlighted each week:…
Sotheby’s International Realty perspectives, is a newsletter designed to provide insights into the global real estate market from our network of professionals, as well as significant recent sales and listings and a lifestyle comparison section. This issue of Perspectives highlights many noteworthy properties to recently come to market: from the $43 million Misty Isle Farms…
Consumer prices rose slightly in February for the first increase in 3 months. However, inflation risk still remains low, which is good for interest rates. Durable goods orders fell in February signaling slowing economic growth. Trends such as these are watched closely by the Fed and can keep rates at bay. As demonstrated by mortgage…
In the U.S., vacation-home sales jumped over 50% in 2014, up from 717,000 homes in 2013, according to preliminary data from the National Association of Realtors (NAR), a trade group. And second-home sales are expected to continue climbing in 2015, saysLawrence Yun, NAR’s chief economist. “The stock market is booming, which means the wealthy top…
A time for fresh new rebirth and re-growth, and also a time for increasing real estate sales. The market in North County San Diego is in full swing with many buyers hitting the market looking for early season deals and we are noticing multiple offers, high traffic in open houses and generally a fast paced…
The pace of home price appreciation in San Diego County remained elevated in February, as home sales and the median price both increased. Last month, the median price for a home sold in the county was $440,000, up 7.3 percent from February 2014, CoreLogic DataQuick reported. The annual pace is virtually unchanged from January, but…
“Fixed monthly payments and the long-term financial stability homeownership can provide are attractive to young adults despite [their] witnessing the housing downturn,” says NAR Chief Economist Lawrence Yun. Yun says the share of millennial purchases would likely be higher if not for a these four factors: underemployment, subpar wage growth, rising rents, and student debt.…
Bond-friendly comments from the Fed on Wednesday caused mortgage rates to improve. Weaker-than-expected economic data was also favorable for mortgage rates over the past week. As a result, rates ended the week lower. The Fed statement dropped the word “patient”. This provides the Fed with the flexibility to raise the federal funds rate any time…
The Rancho Santa Fe School District is considering the possibility of going solar on its R. Roger Rowe campus. At a March 5 meeting, the board heard an update from Debra Vaughn-Cleff of Webb Cleff Architecture and Engineering on a couple of ways the district could approach a solar project at their school. One option…
If you had $30 million, where would you live? Chances are, you would choose New York, London or Hong Kong—or all three—according to a new report. Sotheby’s International Realty’s 2015 Global Luxury Residential Real Estate Report looks at the property holdings of “ultra-high-net-worth individuals,” or “UHNW,” which it defines as those with a net…