Archive for November, 2015

We Are So Grateful to You, Our Amazing Clients!

posted on November 25th, 2015 | filed under: Uncategorized

Jeff & Calu4th Annual DeChamplain Group Pre-Thanksgiving Gratitude Party

On Monday, November 23rd, we held our 4th Annual DeChamplain Group Pre-Thanksgiving Gratitude Party at our office here in Carlsbad.  We had over 50 friends and family do us the honor of attending. This event is a special way for us express our sincere gratitude to all of our clients for allowing us be their go to source for their real estate needs and for trusting us with referrals of friends and family members.

We want to extend a special thank you to Richard & Laura DeBell, past clients, friends and our chefs for the evening.  The DeBells prepared their yummy pulled pork sliders for our guests along with home made cole slaw and fresh baked chocolate chip and peanut butter cookies. What a treat! And of course, everyone went home with their choice of Julian Pie.

Thank you to all of those who came out to celebrate this warm and wonderful community of friends and family that we have had the pleasure of serving for the past 13 years.

We look forward to seeing you all again next year. Happy Thanksgiving!

 

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Market Update | C.A.R.’s 2016 California Housing Market Forecast

posted on November 20th, 2015 | filed under: Buying Strategies, Market Update, NoCo SD Market Conditions, Uncategorized

Trends at a glance 11.20.15California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold. Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey. “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015. With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300. This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”

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It’s Raining, It’s Pouring | How to Prepare for This Year’s El Niño

posted on November 4th, 2015 | filed under: El Nino, Loving the Lifestyle

RainingCalifornia has its fair share of natural disasters, from wildfires to earthquakes – all can damage property and leave residents with costly repairs or even homeless. We have recently seen this with the wildfires that are tearing through Northern California, displacing many residents and prompting FEMA to provide relief in the form of temporary shelter and financial assistance. But there’s another natural disaster that may be looming – severe flooding.

Experts are warning that this winter, Southern California will experience the strongest El Niño storm conditions in 18 years. JPL climatologist Bill Patzert, who has been tracking El Niño on satellites for months, said So Cal should expect heavy rainfall and storms that could trigger flooding and mudslides.

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