Category Archives: Interest Rates

February 2018 San Diego Housing Market Report

February 2018 San Diego Housing Market Report

The February 2018 San Diego Housing Market Report shows January as a fairly quiet month. This is expected after the holidays. That being said, we still saw continued price increases and tight inventory in San Diego and North County. In fact, San Diego ranked sixth on the hottest U.S. markets list from realtor.com®.

Change may be coming though. Interest rates are increasing. These higher rates will decrease buyer’s purchasing power. Tax law changes now limit property tax deductions. With these changes, experts expect price increases to continue, but at a slower pace. They also see more inventory coming on the market by the end of the year.

Continue reading February 2018 San Diego Housing Market Report

January 2018 San Diego Housing Market Report

January 2018 San Diego Housing Market Report

The January 2018 San Diego Housing Market Report reveals continued price increases and an even tighter inventory in San Diego and North County. This is great if you are planning on selling your home, but frustrating if you are looking to buy one.

Even with our tight inventory, it might not be a good idea to wait to buy. Many experts think appreciation will continue, but slow down. Interest rates are expected to increase. So is inventory, but not until late in the year. I have more information about what to expect in the 2018 real estate market in this recent post.

Continue reading January 2018 San Diego Housing Market Report

December 2017 San Diego Housing Market Report

December 2017 San Diego Housing Market Report

The December 2017 San Diego Housing Market Report shows year-over price increases jumping back up to double digits after dropping to a more sustainable rate of approximately 5 percent last month.

Continue reading December 2017 San Diego Housing Market Report

November 2017 San Diego Housing Market Report

November 2017 San Diego Housing Market Report

The November 2017 San Diego Housing Market Report shows a slight slowdown. That being said, San Diego still ranked fourth on the hottest U.S. markets list from realtor.com® for October.

Continue reading November 2017 San Diego Housing Market Report

September 2017 San Diego County Real Estate Report and Interest Rates

September 2017 San Diego County Real Estate ReportThe September 2017 San Diego County Real Estate Report continues to indicate strong price increases, fewer sales, and even fewer homes coming on the market. The real estate news magazine first tuesday Journal predicts that once San Diego makes a full job recovery in 2018, real estate sales volume will rise and peak in 2020 or 2021.

Continue reading September 2017 San Diego County Real Estate Report and Interest Rates

August 2017 San Diego County Real Estate Report and Interest Rates

August 2017 San Diego County Real Estate ReportThe August 2017 San Diego County Real Estate Report shows the same trends we’ve been watching for a while, strong price increases, fewer sales, and even fewer homes coming on the market. Although some have brought up the disturbing idea of a housing bubble, most experts don’t see a bubble in our near future.

Continue reading August 2017 San Diego County Real Estate Report and Interest Rates

July 2017 San Diego County Real Estate Report and Interest Rates

July 2017 San Diego County Real Estate ReportThe July 2017 San Diego County Real Estate Report shows that, unlike some parts of the country, the San Diego County real estate market has not slowed down. In fact, year-over median sales prices increased countywide by 11 percent in June. The number of closed sales has dropped, but this is due to a continued lack of inventory.

San Diego County’s housing market has recovered with the median sales price exceeding 2005’s high in May this year. If you’re a homeowner, that’s wonderful news. It you are looking to buy, it’s not as scary as it sounds because when you adjust for inflation, we are still well below pre-recession highs. Only about one-third of the country has seen this recovery.

Continue reading July 2017 San Diego County Real Estate Report and Interest Rates

June 2017 San Diego County Real Estate Report and Interest Rates

June 2017 San Diego County Real Estate ReportThe June 2017 San Diego County Real Estate Report still shows a hot market with fast moving sales and a serious lack of inventory. But this cannot go on forever. Real estate markets are cyclical. Some parts of the country are already showing a slowdown in appreciation rates as reported by CNBC.

The anticipated rate hike by the Federal Reserve will most likely put downward pressure on the market. It will not only make it more difficult for buyers to borrow for their home purchase, but it will also push up the cost of consumers’ existing revolving debt and adjustable rate mortgages.

Continue reading June 2017 San Diego County Real Estate Report and Interest Rates

May 2017 San Diego County Real Estate Report and Interest Rates

May 2017 San Diego County Real Estate ReportThe May 2017 San Diego County Real Estate Report shows continued gains, despite the ongoing supply shortage and slowly increasing mortgage rates. Those rising interest rates paired with increasing values are making San Diego County homes less affordable. Trump’s proposed tax plan could decrease affordability even more by removing important deductions for homeowners.

Continue reading May 2017 San Diego County Real Estate Report and Interest Rates

February 2017 San Diego County Real Estate Report and Interest Rates

February 2017 San Diego County Real Estate ReportThe San Diego County and North County real estate markets are still sizzling hot. But due to rising interest rates and low affordability, experts are predicting a slowdown in both value growth and home ownership rates. Clear Capital predicts appreciation in San Diego County to be a low as 0.9 percent in 2017.

Continue reading February 2017 San Diego County Real Estate Report and Interest Rates