North Park South Local Lifestyle NEWS - JULY 2021

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LO CA LU M B R E L L A N E WS.C O M I L O C A L L I F E S T Y L E P U B L I CMay AT I O N2021 56 I| 6 ISSUE 55 3 I | VOLUME Local Lifestyle Publication | www.localumbrellanews.com March | VOLUME | ISSUE www.localumbrellanews.com 2021 VOLUME ISSUE

Meet your NeighWhat is Proposition 19?

Women's History Month

Kim’s Corner

Women's History Month is a time when we reflect on women who have challenged expectations and been on the frontlines of change.

TEACHERS OF THE YEAR DURING THE TIME OF A PANDEMIC

Kim's mid-year market update.

We have many such women in San Diego, but in the 1950's, North Park gave rise to one of the most influential tennis players of all time; Maureen Connolly. Long before Venus and Serena, even before Billie Jean King, North Park Daughter, Maureen Connolly was the tennis darling of 1951. We're a little more than 1/2 way through what has been an insane 2021 real estate market, and the question I get the most; "Is this a bubble?" Born at Mercy Hospital in 1934, Connolly grew up learning to play tennis at the municipal courts around Idaho Street. At 11 years old, she was dubbed "Little Mo" by the local press, a nickname that stuck The answer is no. career. The last bubble was caused by runaway pricing, low down payments, and adjustable-rate mortgages. While our through her short pricing is certainly up, our buyers are putting more down, and they're simply better qualiÞed to repay their mortgages. At 16, Connolly was the youngest ever go with the U.S. Championships, and at 19, the first woman to win Sofour evenGrand if the market were to adjust, the the equity andyear. sensible payment would protect a homeowner from going underwater. all Slam tournaments during same The second reason we'reanot expecting a 2008-like decline is theinamount of inventory on thepro. market. Currently, we have about Sadly, Connolly suffered career-ending horse-riding accident 1953, just before turning Unable to compete professionally, 1.2m unitsturned nationwide (according Lawrence career Yun, NAR During the great our were inventory levels Maureen her attention to atojournalism andeconomist). exhibition matches. She andrecession, her husband parents to sat twoat four times that. So unless there's a catastrophic event that dumps 3 million homes on the market, it's unlikely we'll see a ßood of daughters, Cindy and Brenda, and "Little Mom" gave tennis lessons to children, including her own. Cindy went on to become a inventory any timeplayer. soon. ranked collegiate

In the early 60's, the family relocated to Texas, where they started a restaurant business that grew exponentially over the years. In 1968, sheSan and her good friend NancySchool Jeffett co-founded the Maureen Connolly Brinker Tennis Foundation to provide funding The Diego Unified for tennis clinics announced and juniors who could afford to compete nationally. District the not selection

of three teachers of the year –

ofConnolly threesuccumbed teachers of the year Sadly, to cancer in 1969 at – just 34 years old. In her short life she was trailblazer for women's tennis, a Kelly Ann Young,author Paula Richardson, journalist, a businesswoman, of two books, a television and radio personality, a co-founder of a foundation, and a mother. and Deirdre Fabian.

“I’ve got everything I want. Everything I’ve had, I got through tennis. It gave me a terribly exciting life. I met so many people in Read Story It On Page so 4 many doors and it’s still opening them. I’ve had a wonderful life. If I should leave tomorrow, I’ve exalted positions. opened had the experience of 20 people.”– Maureen Connolly

Thinking ofpause buying orThey selling? meoutand talk about it. just waiting for the Further, some fatigued buyers hit the button. haven'tCall dropped of thelet’s market altogether; they're Paula Richardson right time to jump back in. And if we get a little more inventory and prices cool a bit, there's plenty of second-chance buyers to REALTOR® SDUSD Teacher Of The Year 619.890.3447 absorb those homes. Broker Associate Kim@KimHawley.net

DRE#01776106 The second most often asked question is, "should I wait?" Of course,www.KimHawley.net I don't have a crystal ball, but historically, San Diego real estate has always increased in value over time. Also, real estate is about the best hedge against inßation you can have--a Þxed payment on an appreciating asset? With tax advantages? Yes, please.

Kim’s Corner

If you're a seller, you may not be seeing the frenzy of activity and the escalation in pricing that deÞned the Þrst half of the year, but it's still a strong market if you're priced right. Sellers should beware of overpricing now more than ever, as savvy buyers can spot opportunistic pricing a mile away. So, no bubble, low inventory, and qualiÞed buyers should keep our local real estate market healthy through 2021 and into 2022.

this mean for you?

What is Proposition 19? Thinking of buying or selling? Call me and let’s talk "Allows homeowners who are over 55, disabled, or wildfire/disaster victims to transfer REALTOR® 619.890.3447 primary residence’s tax base to replacement residence. Changes taxation of family-property Broker Associate transfers. Establishes fire protection services fund." Source: CA VoterKim@KimHawley.net Guide. DRE#01776106 www.KimHawley.net

about it.

Learn More!

Questions? Feel19 freehas to call me for your personal Proposition offically passed - consultation. What does

Compassisisaareal realestate estate broker broker licensed licensed by by the the State State of of California California and and abides abides by by Equal Equal Housing Housing Opportunity Opportunity laws. laws. License Compass License Number Number 01527365. 01527365. All All material material presented presented herein herein is is intended intended for for informational informational purposes purposesonly onlyand andisiscompiled compiledfrom fromsources sourcesdeemed deemedreliable reliablebut buthas hasnot notbeen beenveriÞed. verified.Changes Changesininprice, price,condition, condition, saleor orwithdrawal withdrawal may may be be made made without without notice. notice. No No statement statement is is made made as as to to accuracy accuracy of of any any description. description. All All measurements measurements and sale and square square footages footages are are approximate. approximate. This This is is not not intended intended to to solicit solicit property property already alreadylisted. listed.This Thisinformation informationisisprovided providedfor forinformational informationalpurposes purposesonly onlyand andisisnot notaasolicitation, solicitation,recommendation, recommendation, offer or promise to provide services. Compass is not offering legal, Þnancial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. offer or promise to provide services. Compass is not offering legal, financial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions.Home Home mustqualify qualifyunder underCompass Compass Concierge Concierge guidelines. guidelines. Subject Subject to to additional additional terms terms and and conditions. conditions. must


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