The median home price in San Diego County ↑ 1.9% in April to reach $805K. However, the overall median home price is still ↓ 1.8% yearly. Despite the price increase, there were very few home sales in April, ↓ 53% yearly. Limited housing supply and competitive buyers have contributed to the rise in prices, creating a seller's market. The number...
Here’s a list of the most active US rental markets in April 2023: Arlington, VA Atlanta, GA Birmingham, AL Boston, MA Bronx County, NY Charlotte, NC Chicago, IL Cincinnati, OH Denver, CO Detroit, MI Durham, NC Fort Lauderdale, FL Indianapolis, IN Jersey City, NJ Kansas City, MO Long Beach, CA Memphis, TN Minneapolis, MN New York,...
Mortgage rates have been in the 6-7% range for the last 8 months and have increased this week after falling for two weeks in a row. Economic crosscurrents are causing uncertainty, and the debt limit standoff in Washington is creating further uncertainty about the future of the housing market. If a deal is not reached, it could cause mortgage rates to spike to over 8%, which would have a negative impact...
Sales of homes in the US are ↓ due to high mortgage rates. Still, expected price corrections have not occurred. Homeowners with ↓ mortgage rates are choosing not to list their homes for sale. This is leading to low inventory in many markets....
San Diego Mayor Todd Gloria is proposing a package of incentives and regulatory changes to increase the construction of housing for middle-income residents, college students, and those facing homelessness. The package includes embracing Senate Bill 10, which allows up to 10 housing units on a single property near a public transit line, and incentives for building single-room-occupancy hotels and...
The spring Real Estate market can be tricky and to navigate it successfully, sellers need to be aware of trends and work with an experienced agent.Lack of inventory creates a competitive market, and it can drive up prices and lead to bidding wars. Pricing competitively, making repairs and staging the home can increase chances of success. Sellers should...
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials....
The US housing market has seen prices drop year-over-year for three months beginning in February 2023, the first drop in 11 years, according to National Association of Realtors data. Home sales also declined by 3.4% between March 2023 and April 2023, creating a tight inventory. Experts at Fannie Mae's Economic and Strategic Research (ESR) Group believe that the housing market downturn could lead to...
The Federal Reserve has raised rates for the 10th time in its fight against inflation, which will result in higher debt costs for consumers. Despite higher mortgage rates, some first-time homebuyers have been able to enter the competitive Real Estate market. The fear among buyers is that if rates were to come down in the future, they would miss out on...
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