Micro Market Update: First Time Buyers
SAN DIEGO REAL ESTATE FIRST TIME BUYERS

First time home buyers are becoming more interested in San Diego Real Estate as an investment in their futures.

Here are a few hot micro-markets that are ideal for first time buyers:

• 91910 – Rancho Del Rey – Newer homes (2000’s), low HOA’s, no Mello Roos – mid to high 3’s for detached homes.

• 92105 – City Heights – Azalea Park, mid to high 3’s, smaller homes perhaps no garauntees on the garage!

• 92009 – La Costa – Ocean close, shopping, restaurants – 2 bedroom, 1500 sq foot with a 2 car garage

• 92081 – Vista – Shadowridge – more home vs Carlsbad 3 bedrooms in the mid-high 3’s. Buy with as little as 3% down conventional loans for mortgages under $417,000. No PMI! Rates are still in the low 4’s and if they were to go up a point over the next year, waiting could cost you a few hundred dollars a month.

 

Radio Show: The Word on Wealth, KPRZ, with Real Estate Expert Rebecca Austin & Financial Planner Marty Schneider

Show Date: 8/27/15