A Recession Looks Less Likely Thanks to Increased Job Gains and a Lower Unemployment Rate According to Economist Alan Nevin, "as expected, July 2022 had substantially fewer closings than July 2020 and July 2021. Closings were off 43% from one year ago. Listings, however, were only off 16.3%." ... Continue Reading » about The Latest San Diego Real Estate and Housing Market Data
Let’s face it, it’s fun to have a home listing during a seller’s market. When inventory is tight, even less-than-perfect homes invite the frantic bidding wars seen over the past few years. But as the economy slows down and interest rates increase, sellers are wondering if the bidding wars are over, ... Continue Reading » about Are the Bidding Wars Over in San Diego?
Saving Money and Increasing Purchasing Power Rising interest rates can be a major concern if you’re shopping for a new home in San Diego. A higher rate reduces your buying power and increases the home cost thousands of dollars over the course of the loan. One option to avoid this is to “buy down” ... Continue Reading » about Should I Buy Down My Mortgage Interest Rate in San Diego?
Median Sales Price, Year Over Year Change, New Listings, & Sales For San Diego county as a whole, we're seeing an increase of days on market, an increase in the median sale price, and an increase in the average sale price. With that, new listings are down as well as pending listings and ... Continue Reading » about San Diego Real Estate Market Update: June, 2022
Stunning golf home in Rancho Bernardo bit.ly/avecordillera 21 days on market + multiple cash offersIn this market it's imperative that real estate agents be on top of their game on inventory, market knowledge, and skills in negotiating multiple offer scenarios, if they want to win deals for ... Continue Reading » about San Diego Recent Home Sale Highlights
Are We Heading For A Recession? According to Economist Alan Nevin, Director of Appraisal and Market Research at Vertex, "As U.S. economy rolls on, flaws are NOT pointing to a recession." Comparing 2022 to 2021, San Diego has a lower unemployment rate, more job openings, and residential building ... Continue Reading » about What’s Happening with the San Diego Real Estate Housing Market? Summer 2022