San Diego saw a recent price drop of ~3%, surprising for a longtime investor favorite while the city's longer-term growth potential still looked appealing. A strong job market, especially in technology and biotechnology, continued supporting San Diego's appeal and kept the city desirable for professionals considering housing choices. The pullback...
Many borrowers who purchased homes between 2023 and 2025 could still save money by refinancing, even with current rates above 6.5%. At a 6.37% rate, 32.5% of recent borrowers might benefit, with average annual savings of $2,320. Savings improve if rates drop to 6%. Refinancing costs must be weighed against monthly savings, typically requiring about a half-point rate drop to be worthwhile. Geographic...
Buying a home involves key steps: determining your must-haves, choosing a home type, estimating mortgage affordability, and planning for down payment and closing costs. Shop for homes and lenders, get pre-approved, submit competitive offers, and conduct home inspections. After closing, maintain the property, save for emergencies, and continue retirement savings. First-time buyers may qualify for...
In Q1 2026, owner-occupied real estate value reached a record $48.7 trillion, up $810 billion from the previous quarter and $1.2 trillion over the year. Mortgage debt hit an all-time high of $13.8 trillion, growing 2.8% annually but slower than recent years. Home equity rose to $34.9 trillion, or 71.6% of property value, providing a strong cushion against potential home price declines. Continue to...
A new home-search feature helps US buyers compare long-term ownership costs, adding maintenance, utility, and replacement estimates for newly built and resale homes. An accompanying analysis found newly built homes save buyers avg. $25.3K over the first 10 yr of ownership versus 20-yr-old homes nationwide. The shift reflects affordability decisions moving beyond...
A current housing expectations survey points to modest US price growth through 2028, giving buyers and sellers a calmer planning baseline today. Panelists expect US home prices to rise ~2% in 2026, ~2% in 2027, and ~3% in 2028, signaling steady appreciation, not a rapid surge. Price trends touch buyers, sellers, and homeowners differently, so even modest...
In San Diego, listed homes remain far above local house-buying power, keeping existing-home sales well under pre-pandemic norms even with homes listed. More supply can help San Diego buyers, but affordability decides whether extra options become closed sales instead of just active listings locally. For San Diego sellers, pricing near realistic buyer budgets...
California’s median existing single-family home price reached a record $930.3K in Mid-Q2, ↑3.1% yearly as competition supported pricing across constrained supply conditions. Statewide existing single-family sales ran at a seasonally adjusted annualized pace of 268.8K in Mid-Q2, ↑5.1% yearly, showing stronger buyer activity statewide. Higher-priced segments...
Starting July 1, Senate Bill 79 requires cities in eligible California regions to allow denser residential development near major transit stops, unlocking zoning capacity for over a million homes. The law applies to several large urban counties and aims to boost housing supply, support transit ridership, and reduce emissions by overriding certain local zoning restrictions near rail and bus rapid transit...
Key home upgrades for 2026 with high ROI include fresh exterior paint to protect against weather and pests, modern insulated garage doors for improved appearance and energy efficiency, and new windows to reduce energy loss. Upgrading the front door enhances curb appeal and efficiency. Central AC improvements with high SEER ratings balance cost and savings. Solar panels can save on energy bills if sized...
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