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Fixed Rate Mortgages Continue to Decline.

Fixed Rate Mortgages Continue to Decline.

  Fixed Rate Mortgages  averaged below 4% .

Fixed  Rate Mortgage rate levels at its lowest level since the week of June 20th.

the average fixed mortgage rates hitting new lows for the year as. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also the last time the 30-year fixed averaged below 4 percent in the PMMS until this week.

30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.5 point for the week ending October 16, 2014, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.
15-year Fixed Rate Mortgage  this week averaged 3.18 percent with an average 0.5 point, down from last week when it averaged 3.30 percent. A year ago at this time, the 15-year FRM averaged 3.33

In my humble opinion, I keep wondering how long is this going to last where it is so cheap to borrow money? If you are sitting on the fence as to whether to buy a home, these low Fixed Rate Mortgages make an undeniable argument to get off the fence and start investing in your future through buying rentals, first homes, investment income….Call Shannon Biszantz at The Biszantz Connection and we can sit down and discuss what your needs are and how best to raise your personal investment portfolio.  619-417-4655 or

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Artificial Turf Gaining Acceptance in San Diego HOA’S.

Artificial turf may be the answer to drought plagued California.

Artificial Turf Gaining Acceptance in San Diego HOA'S.

Artificial Turf Gaining Acceptance in San Diego HOA’S.

Artificial turf has gained grudging acceptance on front lawns from Sacramento to San Diego, driven by years of drought and residents’ shrinking patience for water-guzzling natural grass.

But inside the world of California’s private homeowner associations, the battle over whether synthetic turf should be allowed is still very much alive —- and heating up, month-by-parched month.

Only a small fraction of the state’s thousands of HOAs permit artificial turf on front lawns, saying its out-of-place look is a threat to property values.

Three years ago, Gov. Jerry Brown vetoed a bill that would have allowed HOA residents to install artificial turf without the fear of fines.

Today’s artificial turf, supporters say, is not the tacky green carpet of the past. It looks much more like natural grass and is getting more environmentally-friendly.

That’s led many to wonder whether the HOA restrictions are necessary.

Strict rules

La Costa Greens is one of the few HOAs in San Diego County that allows fake grass on front lawns. Inspired by Wilson’s case, it passed strict rules that require homeowners to submit for inspection a sample of the turf they’d like to install “so it doesn’t look like a roll of carpet,” said Jean Salvia of Walters Management, which oversees the community.

New turf at the HOA must have a variety of colors to mimic natural lawns. Wilson’s turf, installed about eight years ago, was grandfathered in.

It definitely stands out compared with surrounding natural lawns desiccated by San Diego County’s long, dry summer.

“Mine is greener this time of year,” Wilson said.

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Home Prices In California Are Expected To Stall in 2015.

Home Prices in California are not going to be on the rise next year.

Home Prices in California Expected to Stall in 2015

Home Prices in California Expected to Stall in 2015

Why should you list your home this fall verses next year if you are interested in selling? This is why!

According to the California Association of Realtors (C.A.R.) newly released 2015 California Housing Market Forecast, home price increases in California are expected to stall in 2015.

C.A.R. says that because of more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly, causing home prices flatten out in 2015.
“Stringent underwriting guidelines and double-digit home price increases over the past two years have significantly impacted housing affordability in California, forcing some buyers to delay their home purchase,” said C.A.R. President Kevin Brown.  “However, next year, home price gains will slow, allowing would-be buyers who have been saving for a down payment to be in a better financial position to make a home purchase.”

“Moreover, prospective buyers should know that it’s a misperception that a 20 percent down payment is always required to buy a home.  There are numerous programs available that allow consumers to buy a home with less down payment, including FHA loans, which lets buyers put down as little as 3.5 percent,” continued Brown.

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 3 percent in 2015, after a projected gain of 2.2 percent in 2014.  With nonfarm job growth of 2.2 percent in California, the state’s unemployment rate should decrease to 5.8 percent in 2015 from 6.2 percent in 2014 and 7.4 percent in 2013.

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.

The California median home price is forecast to increase 5.2 percent to $478,700 in 2015, following a projected 11.8 percent increase in 2014 to $455,000.  This is the slowest rate of price appreciation in four years.

WPJ News | 2015 CALIFORNIA HOUSING FORECAST“With the U.S. economy expected to grow more robustly than it has in the past five years and housing inventory continuing to improve, California housing sales and prices will see a modest upward trend in 2015,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “While the Fed will likely end its quantitative easing program by the end of this year, it has had minimal impact on interest rates, which should only inch up slightly and remain low throughout 2015.  This should help moderate the decline in housing affordability we saw occur over the past two years.”

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Biszantz Connection Sells Home in Rancho Santa Fe This Week.

Biszantz Connection sells home in Alcala in Whispering Palms.

Alcala Gated Entrance in Whispering Palms.

Alcala Gated Entrance in Whispering Palms.

The Biszantz Connection closed on another home this week in Rancho Santa Fe. It is in the unincorporated area called Whispering Palms. Whispering Palms has four developments, Villas I, The Villas, Alcala and The Greens which is the detached homes.  3653 Paseo Vista Famosa is a home in the complex of Alcala that is know for its exclusive gated community within Whispering Palms. Alcala won the Blue Orchid Award for best design a several years in a row and was built by Davidson Communities.

While the resale market is slowing down, The Biszantz Connection is selling multiple listings in the next few weeks for the following reasons: Social Media Placement to get our listings seen all over the world, on and offline advertisement on each of our properties with proffessional photography and a variety of other “value added” benefits that you receive by listing your home with The Biszantz Connection. We are under the Coldwell Banker Leadership so not only does a seller get the dynamic internet presence The Biszantz Connection offers, but a host of internet channels and international web portals all over the world that the leading Real Estate Company in the world, Coldwell Banker has to offer. List your home with the leader in the industry! For a private consultation, call Shannon Biszantz 619-417-4655.




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Residential Price Appreciation Eases in 19 of top 20 U.S. Housing Markets.

Price appreciation eases in housing market in most U.S. Markets.

Residential Price Appreciation Eases in 19 of top 20 U.S. Housing Markets.

Residential Price Appreciation Eases in 19 of top 20 U.S. Housing Markets.


According to the July 2014 S&P/Case-Shiller Home Price Indices, there was a significant slowdown in U.S. home price appreciation. Nineteen of the 20 cities saw lower annual returns in July. Las Vegas, Miami and San Francisco were the only cities to report double-digit annual gains. Cleveland’s rate remained unchanged at +0.9% for the 12 months ending July 2014.

In July, the 10-City and 20-City Composites increased 0.6% and the National Index 0.5%. Although all cities but one gained on a monthly basis, 17 saw smaller increases in July as compared to last month. Although New York saw a lower gain this month, it was the only city where prices rose over one percent. San Francisco posted its largest decline of 0.4% since February 2012.


The chart above depicts the annual returns of the U.S. National, the 10-City Composite and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 5.6% annual gain in July 2014. The 10- and 20-City Composites posted year-over-year increases of 6.7%.

The 10- and 20-City Composites gained 6.7% annually with prices nationally rising at a slower pace of 5.6%. Las Vegas, one of the most depressed housing markets in the recession, is still leading the cities with 12.8% year-over-year. Phoenix, the first city to see double-digit gains back in 2012, posted its lowest annual return of 5.7% since February 2012.

“While the year-over-year figures are trending downward, home prices are still rising month-to-month although at a slower rate than what we are used to seeing over the past couple of years. The National Index rose 0.5%, its seventh consecutive increase. At the bottom was San Francisco with its first decline this year and the only city in the red. New York tended to underperform over the past few years but it was on top for the last two months.” – See more at:

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Shannon Biszantz

Shannon Biszantz

CalBRE #01787015
2651 Via de La Valle
Del Mar, CA 92014

Work Cell: 619-417-4655
Office: 858-755-0075

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