San Diego homeowners temporarily turning back into renters
San Diego renters spend years trying to save up enough to buy a home, so it may come as a surprise that some homeowners are now selling their homes to rent them back.
and last updated 2021-05-06 20:35:01-04
SAN DIEGO (KGTV) â San Diego renters spend years trying to save up enough to buy a home, so it may come as a surprise that some homeowners are now selling their homes to rent them back.
It s an increasingly common strategy in San Diego County, which has seen its supply of homes drop 55 percent over the last year, leading to bidding wars. Now, sellers are getting multiple offers above the asking price.
In the Pandemic, Online Home-Buying Picks Up Speed
First-time buyers have the tech-smarts and now the tools to do all or part of their purchase online, sometimes even before seeing their new houses in person.
Credit.Jens Kristian Balle
Feb. 19, 2021
When Kassi Horton’s husband, Army Staff Sgt. Shaun Horton, received a cross-country change in assignment in the midst of a pandemic, she knew their home-buying process would be atypical.
Ms. Horton, 27, and Sergeant Horton, 28, had been living in a rental in upstate New York and felt it was time to finally purchase their first home in their new location, Colorado Springs. But they didn’t want to deal with the health risks and quarantine rules involved with flying back and forth to look at properties. And they didn’t have the luxury of travel time, anyway: the housing market in Colorado Springs, like many cities across America, is currently white-hot, with homes selling hours after hitting the market, often at 20 percent above t
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Even if competition is fierce and the process confusing, first-time buyers seem determined to enter the market, often accelerating plans for homeownership.
Even if competition is fierce and the process confusing, first-time buyers seem determined to enter the market, often accelerating plans for homeownership.