blog

The Hidden Cost of Waiting to Consolidate Debt: Why Procrastination Can Hurt Your Credit Score and Financial Health

Young Man Worries About Debt and Money

When you’re drowning in debt, it’s natural to look for any lifeline to pull you to safety. Yet, the decision to consolidate your debt often gets postponed because of one prevalent thought: “I’ll wait until interest rates go down.” While this might seem like a prudent strategy, delaying debt consolidation can have significant long-term repercussions…

Read More

Unlock Your Dream Home: Understanding the CalHFA Dream For All Program

avi-werde-hHz4yrvxwlA-unsplash-2

Are you ready to make the leap into homeownership but struggling to gather the funds for a down payment? Shaffer Realty & Mortgage is here to introduce you to an exciting opportunity that could turn your homeownership dreams into reality: the CalHFA Dream For All program. What is the CalHFA Dream For All program? The…

Read More

Spring 2024 Housing and Mortgage Market Update

March 2024 SM Figures

  Locally, San Diego home prices continue to rise. As of March 2024, the median price of detached homes is up 18% year over year to a median price of $1,180,351. The median price of attached homes is up 7.9% year over year to a median price of $749,995. Combining both property types, the median…

Read More

Breaking Down the Proposed Housing Bills: What They Mean for You

houseBackground

In recent news, Democratic lawmakers have introduced bills aimed at addressing the low housing supply and affordability challenges in the United States. These bills target hedge funds’ involvement in the single-family housing market and propose measures to support families in buying homes. Let’s break down what these bills entail and how they could impact you…

Read More

Winter 2023 Economic Conditions Update And Advice

Winter 2023 Economic Conditions

Market and Mortgage Update Brief: The housing market in Q4 2022 dramatically slowed. Mortgage rates were over 7% and many would-be buyers exited the marketplace and put their new home searches on hold.  Incidentally, I predicted a 7% year-end 2022 rate towards the beginning of 2022 in one of my emails when rates were still in…

Read More