Kim’s Corner

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Kim’s Corner Meet your NeighWhat is Proposition 19? Women's History Month

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

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.

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 through her short career.

At 16, Connolly was the youngest ever go with the U.S. Championships, and at 19, the first woman to win all four Grand Slam tournaments during the same year.

Sadly, Connolly suffered a career-ending horse-riding accident in 1953, just before turning pro. Unable to compete professionally, Maureen turned her attention to a journalism career and exhibition matches. She and her husband were parents to two daughters, Cindy and Brenda, and "Little Mom" gave tennis lessons to children, including her own. Cindy went on to become a ranked collegiate player.

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

Sadly, Connolly succumbed to cancer in 1969 at just 34 years old. In her short life she was trailblazer for women's tennis, a journalist, a businesswoman, author of two books, a television and radio personality, a co-founder of a foundation, and a mother.

“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 exalted positions. It opened so many doors and it’s still opening them. I’ve had a wonderful life. If I should leave tomorrow, I’ve had the experience of 20 people.”– Maureen Connolly

Kim's mid-year market update. TEACHERS TEACHERS 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; "I a bubble?"OF THE YEAR OF THE YEAR OF THE YEAR s this The answer is no. The last bubble was caused by runaway pricing, low down payments, and adjustable-rate mortgages. While our pricing is certainly up, our buyers are putting more down, and they're simply better qualiÞed to repay their mortgages. So even if the market were to adjust, the equity and sensible payment would protect a homeowner from going underwater. The second reason we're not expecting a 2008-like decline is the amount of inventory on the market. Currently, we have about 1.2m units nationwide (according to Lawrence Yun, NAR economist). During the great recession, our inventory levels sat at four DURING THE TIME OF A DURING THE TIME OF A DURING THE TIME OF A DURING THE TIME OF A times that. So unless there's a catastrophic event that dumps 3 inventory any time soon.PANDEMIC PANDEMIC PANDEMIC million homes on the market, it's unlikely we'll see a ßood of Further, some fatigued buyers hit the pause button. They haven't dropped out of the market altogether; they're just waiting for the 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 absorb those homes. The second most often asked question is, "should I wait?" Of course, 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. 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.

The San Diego Unified School The San Diego Unified School District announced the selection District announced the selection of three teachers of the year –of three teachers of the year –Kelly Ann Young, Paula Richardson, Kelly Ann Young, Paula Richardson, and Deirdre Fabian. and Deirdre Fabian.

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Paula RichardsonThinking of buying or selling? Call me and let’s talk about it. REALTOR® 619.890.3447 SDUSD Teacher Of The Year Broker Associate Kim@KimHawley.net DRE#01776106 www.KimHawley.net Paula Richardson SDUSD Teacher Of The Year

Questions? Feel free to call me for your personal consultation. Proposition 19 has offically passed - What does this mean for you?

Thinking of buying or selling? Call me and let’s talk about it.What is Proposition 19?

"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 Kim@KimHawley.nettransfers. Establishes fire protection services fund." Source: CA Voter Guide. DRE#01776106 www.KimHawley.net Learn More!