14583 Scarboro St Poway, CA 92064

**New Rental Listing** (LEASED!)

3Bed-2Bath-1,188 sq, ft.

Offered at $2,350 per month

Beautiful 3 bedroom 2 bath Poway home. Features wood flooring throughout, brand new carpet in bedrooms, and spacious screened in back patio (Not counted in the square footage). Private backyard and large front lawn on a quiet, neighbor friendly street in the highly sought after Poway Unified School District. Move in ready!

 

 

 

 

 

9725 Mesa Springs Way #183 San Diego CA 92126

**New Rental Listing!** (LEASED!)

1Bed-1Bath-772 sq ft

Listed at $1,600/per month

Beautiful condo centrally located in south Mira Mesa! New appliances, new paint and new bath vanity! Interior boasts spacious living room with fireplace and slider to patio, full size laundry in unit, spacious master with dual closets and slider to patio! Enjoy the peaceful creek directly behind your patio, complex also has large pool and two spas! one assigned space and one guest pass for parking! Close to all shopping, dining, freeway access!

 

2 Major Reasons Why Inventory Is So Low

Inventory of available homes on the market is the lowest it’s been in two decades, but the reasons may surprise you. Two of the likely culprits are baby boomers and homeowners who are simply satisfied with their home, according to realtor.com®’s Housing Shortage Study.

Baby boomers are showing a desire to age in place in their current homes, and their refusal to sell is creating a clog in the market, according to the study. Eighty-five percent of baby boomers surveyed say they are not planning to sell their home in the next year. That means 33 million properties—many of which are urban condos or suburban single-family homes—will stay off the market. Many of those properties would be popular choices for millennials, a generation still largely waiting in the wings to break into homeownership.

“Boomers, indeed, hold the key to those homes the market desperately needs, both in the urban condo and the detached suburban home segment,” says realtor.com® chief economist Danielle Hale. “But with a strong economy and rising home prices, there’s really no reason for established homeowners to sell in the short term. Although downsizing might be on the minds of boomers, they face the same inventory shortages and price increases plaguing millennials.”

Furthermore, 63 percent of respondents to the survey indicate that their current home meets the needs of their family. They cite low interest rates (16 percent), recently purchasing their home (15 percent), and needing to make home improvements and low property taxes (each at 13 percent) as reasons not to sell. “Life events drive real estate transactions,” Hale says. “When the majority of homeowners feel their family’s needs are being met by their current home, there is nothing compelling to them to put their home on the market.”

There may be hope that more starter homes will hit the market soon. Possibly offsetting the low supply of starter homes, which is down 17 percent year over year, 60 percent of respondents to realtor.com®’s survey who did say they plan to sell in the next year are millennials who want to move to a larger home or one with nicer features.

“The housing shortage forced many first-time home buyers to consider smaller homes and condos as a way to literally get their foot in the door,” says Hale. “Our survey data reveals that we may see more of these homes hitting the market in the next year, but whether these owners actually list will depend on whether they can find another home.”

Source: realtor.com®

9268 Lamar St Spring Valley, CA 91977

**NEW LISTING!** (SOLD!)

2Bed-2Bath-1,033 sq. ft.

Offered at $429,000!

Charming, move in ready home on large, flat 1/4 acre lot! Entertain outdoors w/ spacious custom built front porch and rear deck w/ fire pits and sitting areas! Kitchen features granite counters, soft-close cabinets, SS appliances! Laminate flooring, dual pane windows, ceiling fans in all rooms, central A/C, dedicated laundry room, newer roof, gated entry, tons of parking and room for boat-RV! Huge 1,000 sq ft detached garage can be living space, workshop, man cave, storage for your toys! Spacious master bedroom has en-suite bath and slider to backyard deck! 2nd bedroom also has private access to outside! Both bathrooms have been remodeled with granite vanities, tile flooring, custom tub/shower enclosures! Solar tube in master, skylight in 2nd bath to bring in natural light! This property is one of kind and ready for your buyers!

16610 Paseo De Las Brisas Ramona, CA 92065

**New Listing!**

4Bed-3.5Bath-3,913 sq ft

Priced at $959,000!

Beautiful west end custom single level estate situated on 4+ private acres! Enjoy panoramic views from most rooms and outdoor patio w/ built in BBQ and fireplace! Interior boasts spacious eat in kitchen w/ SS appliances, walk-in pantry, large island, granite counters! Great room w/ custom built-ins, stone work, fireplace! Formal living and dining rooms too, home is entertainer’s dream!

Large master BR w/ fireplace, access to back patio, en suite bath, jacuzzi tub, two walk-in closets, dual sinks! **2nd bedroom is spacious with cute wainscoting and private en suite bath! 3rd bedroom also very large with stylish bay windows, en suite bath and private access to outside! Perfect for mother-in-law suite or overnight guests! 4th bedroom currently used as office.

**Other interior features include large dedicated laundry room, high ceilings, wet bar, ceiling fans in most rooms, two-zone central AC, oversized 3 car garage with extra work area and more!** Outside enjoy beautiful landscaping, incredible views, concrete pad for RV parking with full hookups plus plenty of parking for the rest of your toys, multiple fruit trees, storage sheds, and access to lower part of property where you can use your imagination to build anything!**

 

 

13241 Powers Ct Poway, CA 92064

**New Listing!** (SOLD!)

5Bed-3Bath-2,631 sq ft

Priced at $769,000!

Welcome Home! Beautiful 5bd/3ba Poway Pool Home on Quiet Cul-De-Sac with RV Parking. Inside find Travertine Tile Floors, Large Open Kitchen w/ Island and Stainless Steel Appliances. This Spacious Home Features over 2600ft of Living Space, Central A/C, Dual Masters (1 Upstairs & 1 Downstairs), HUGE 3rd Bedroom, New Carpets, and New Ceiling Fans. Outside find a Built in BBQ Island, Refreshing Private Pool, Tranquil Fountain, and Plenty of Space for Entertaining. This is the home you have been looking for!

12849 Shady Oak Ct Poway, CA 92064

**NEW LISTING!** (SOLD!)

4Bed-2.5Bath-1,856 sq ft.

Priced at $699,000!

Newer construction Poway gem in quiet neighborhood on large corner lot! Home boasts open floorplan, vaulted ceilings, inviting fireplace, upgraded central AC, furnace & more! Kitchen includes gorgeous cherry wood cabinetry, granite counters, travertine backsplash, porcelain tile floors, SS appliances! Spacious master has en suite bath w/ dual sinks, large tub, walk in closet! Enjoy peaceful backyard, serene front porch, garage hobby area and separate laundry room! No HOA/Mello Roos! Walk to private park!

5273 Channing St San Diego, CA 92117

**NEW LISTING!** (SOLD!)

4 Bed-2 Bath- 1,408 sq. ft. 

Priced at $589,000!

Welcome Home! This beautiful 4 bedroom Clairemont home features an updated kitchen with gorgeous counter tops, custom backsplash, and new appliances. Master bedroom features vaulted ceilings, bay window, and attached master bath with jetted tub. This turnkey home includes dark wood floors, plantation shutters, dual pane windows, central A/C, and is absolutely stunning. The huge backyard is perfect for entertaining. Additional features include fresh paint inside and out, new carpet, and new ceiling fans.

 

Real Estate & Tech Converge: The Solar Roof?

Elon Musk has discovered a new passion in life — and it could be Tesla’s best product yet

Tesla CEO Elon is the best car salesman in history. And as CEO of SpaceX, he’s declared his intention to retire on Mars.

But what are supercar-fast electric vehicles and low-Earth orbits in the face of … roofing.

Against all odds, Musk has become perhaps the biggest booster in the history of the roofing business, thanks to a new Tesla product, the Solar Roof, that officially went on sale Wednesday.

It’s the first post-Solar City-acquisition product that Tesla is selling, and it sounds as if it’s been occupying at least as much of Musk’s attention as the forthcoming launch of Tesla’s Model 3 car.

I can honestly say that I’ve never heard anyone express such enthusiasm about the top of house. As someone who has owned a few houses, my general reaction to discussions of roofs has been dread. They have to be replaced periodically, and that’s expensive. Also, they have to be repaired. And they leak.

Musk doesn’t share this dread. Just as he has a vision for Tesla’s vehicles and for SpaceX’s Mars-colonizing ambitions (as well as traffic-beating tunnels and artificial intelligence), so he has a vision for roofs. And it’s actually rather exciting.

Big on solar

tesla solar roof_largeA conceptual illustration of an installed Solar Roof.Tesla

Musk has always been big on solar power. Prior to Tesla buying SolarCity for over $2 billion, Musk was the company’s Chairman (his cousin was the CEO). He likes to point out that humanity has a compelling alternative to fossil-fuel energy: the giant fusion reactor in the sky that bathes the planet every day with free power.

Solar also fits into his master plan, which involves eliminating greenhouse-gas emissions by electrifying transportation; backing up the biosphere with SpaceX, which would make humanity a multi-planetary species; and powering it all with solar energy.

SolarCity has long been able to sell or lease a homeowner solar panels, but the Solar Roof offers a different value proposition. If you have to replace your roof anyway, why not replace it with a roof that generates power and saves you money over the long haul?

With a 30-year-mortgage, if you stay in the house, you’ll replace your roof at least once. At a cost of about $10,000, you maintain the value of the home, but you don’t necessarily add much to it. The Solar Roof should last twice as long as a traditional roof (and maybe much longer) and it will both mitigate your electricity costs and, paired with a Tesla Powerpack battery, provide you with backup energy.

The up-front costs are high, but the overall economics are compelling. And in sunny states where electricity is costly, such as California, a Solar Roof could net a homeowner tens of thousands of dollar over 30 years.

But there’s something else that thrills Musk even more than the money part.

It’s the aesthetics.

Looks are everything

elon musk solar roofSuch beauty!Tesla

Tesla will have four different tile choices for the Solar Roof by 2018, and Musk made it clear in a call with reporters Wednesday that the company tried really hard to redefine the way we look at the top of our houses.

We’re talking roof envy here, something that Musk sought to stoke when the Solar Roof was revealed in Los Angeles last October. “Check out the sweet roof,” he joked at the time, speculating on previously unheard-of dialogue in suburban enclaves that will be early adopters of the Tesla design.

Last week, he said that Tesla had struggled to find sufficiently beautiful roofs upon which to base its designs for the Solar Roof.

“We had a hard time finding good-looking roofs. Try it. Use Google search. This Solar Roof is the opposite. It will look better and last longer than a normal roof.”

In fact, Musk seemed almost giddy about the Solar Roof, joyfully embracing this bane of many a homeowners existence and arguing that for far too long, we’ve been deprived of rooftop beauty as a species.

And it’s not hard to see why he’s so thrilled. On paper, Solar Roof is an enticing product — and something new for Tesla. The company’s vehicles are remarkable, but they do currently cost $100,000 on average and, like all cars, are depreciating assets. Even a Tesla is invariably worth less the day after you buy it.

An appreciating asset

elon musk solar roofI love these damn Solar Roofs!Tesla

The Powerwall and the other Tesla Energy products are potentially a solid line of business, but a slab of battery on your garage wall, no matter how cool, doesn’t stir the spirit. And like a stove or refrigerator, a Powerwall will lose value over time.

The Solar Roof, on the other hand, could be financed through a homeowner’s mortgage (adding, for the sake of argument, $20,000 for an effectively 30-year net savings of around $5,000, making the roof effectively free). If the home’s value rises in line with the rate of inflation and the Solar Roof remains in working order, it will become part of an appreciating asset, further enhancing the homeowner’s bottom line and net worth.

It’s certainly worth noting that almost no other tech company is in the appreciating asset business. Apple iPhones are from the moment of purchase on a swift path to worthlessness. Facebook’s “product” is ephemeral. Google facilitates finding things, offering a service rather than something that you can buy that will be worth more later. Microsoft grew large on software that has to be updated every few years.

In fact, if you look around, outside of financial instruments, there are really aren’t that many ways to buy stuff that will actually be worth more tomorrow than today.

Of course, there will be some depreciation with a Solar Roof, and maintenance costs could be a factor. But all in, when the real-estate value of the property is taken into account, a homeowner should come out well ahead.

And the homeowner would have an awesome roof to look at! Musk is so utterly into the Solar Roof that he didn’t want to let the reporters he spoke with last week go back to work without a message of gorgeous rooftops and free power.

“What’s is the future we want?” he asked. “We want to look around and see roofs that are beautiful and that draw energy from the sun.”

I’m sold.

Source: Matthew DeBord-Business Insider dot com

Spread the Message: Equity Is Growing

Home owners, on average, saw a gain in equity of $11,000 last year, according to data from CoreLogic. In states like California, Oregon, and Washington, home owners have seen average increases of nearly $30,000 per person.

Since 2011, the value of the nation’s single-family housing market has gone up 40 percent, with nationwide home equity doubling from $6.1 trillion to $12.7 trillion, CoreLogic’s data shows.

That has helped to rebuild the wealth of America’s home owners, writes Frank Nothaft, CoreLogic’s chief economist in his monthly column.

“Across the U.S., the value of the housing stock and the amount of home-equity wealth held by home owners have risen dramatically during the last five years,” Nothaft notes. The recovery in home equity “has helped support consumption spending and renovation expenditures” too.

Take a look at this chart that shows the breakdown of average equity gain per owner across the U.S.

CoreLogic predicts home equity will continue to make gains in the coming year, reaching $1 trillion, and will add to consumption spending and lead to greater economic growth in 2017.

As appreciation rises, the number is declining of home owners with negative equity, those who owe more on their home than it is currently worth. As of mid-2016, CoreLogic estimated about 3.6 million home owners – or about 7 percent – of home owners with a mortgage were in negative equity.

Read more47.2M Homes Nationwide Now Have Equity

Source: “U.S. Economic Outlook: October 2016,” CoreLogic (Oct. 6, 2016)