Dropping prices mean a greater opportunity for buyers to purchase the home they've been waiting for. For buyers who've been priced out of the market, there's no guarantee of either a market crash or lower prices in their region of the country. Establishing a relationship with a trusted local Real Estate agent means knowing they will give you...
Rising rent may indicate the need to switch from renting to homeownership. A solid credit score improves the chances of qualifying for a mortgage with better interest rates and loan terms. Managing debt and having a manageable debt-to-income ratio are important factors in qualifying for a mortgage. Affording a down payment is a significant hurdle to...
According to the California Association of Realtors, prices of homes in San Diego County edged up in April for the second straight month, but still remain below the prices of a year ago. The median sale price of a single-family home was $930,000, down from $975,000 in April 2022. Time on the market last month was 12 days, while statewide, April's sales pace was down 4.7% from March and 36.1% from a...
San Diego’s single-family home median price was 930K in April, ↑ MoM from $915K but ↓ yearly. In April, the ratio of new houses for sale to new houses sold was 1.9, ↑ MoM and yearly. April’s sales were 418,970 homes, ↓ MoM and yearly. In addition, the competition is rising as DOM dropped to 20 days in April....
If you want to increase your home’s value, it’s important to prioritize renovations that will give you the best return on your investment. From painting walls to updating your kitchen, there are many affordable improvements you can make that will make your home more attractive to potential buyers. Investing in hardscaping and landscaping features are also great ways to improve the value of your...
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...
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