Category Archives: Interest Rates

Rising Mortgage Rates, Short Supply: The State of Real Estate in 2022

Rising Mortgage Rates, Short Supply: The State of Real Estate in 2022 picture of a home

The last two years caught many of us off guard, and not just because of the pandemic. They also ushered in the hottest housing market on record. Low mortgage rates paired with a supply shortage drove home prices up nationally by nearly 19% in 2021.

Continue reading Rising Mortgage Rates, Short Supply: The State of Real Estate in 2022

North County and San Diego Housing Markets May 2022

North County and San Diego Housing Markets May 2022 chart of housing market statistics

Change is in the air, but North County and San Diego housing markets are just starting to feel it. Nationally, mortgage applications are down, home touring activity dropped by 24 percent between January 1 and May 1, and more sellers are lowering their asking prices.

Continue reading North County and San Diego Housing Markets May 2022

North County and San Diego Housing Markets April 2022

North County and San Diego Housing Markets April 2022 chart of home sale statistics in North County San Diego

Even with high inflation and rising interest rates, we had another record-breaking month in the North County and San Diego housing markets. Year-over prices in North County were up a whopping 25 percent, and homes sold at 106.7 percent of their asking prices!

Continue reading North County and San Diego Housing Markets April 2022

North County and San Diego Housing Markets March 2022

North County and San Diego Housing Markets March 2022

The February North County and San Diego housing markets looked a lot like they did in January, just a little crazier. Although year-over appreciation numbers weren’t quite as high, homes sold at 105.5 percent of their asking prices countywide, and inventory remained at a very low 0.5 months.

Continue reading North County and San Diego Housing Markets March 2022

North County and San Diego Housing Markets January 2022

North County and San Diego Housing Markets January 2022 Pam Fraser

December brought an even tighter inventory squeeze to North County and San Diego housing markets keeping strong upward pressure on home prices. Following November’s pattern, we saw a drop in pending and closed sales, but an even larger decrease in new listings. This kept median, year-over price increases at 17.6 percent in North County and 16.7 percent countywide.

Continue reading North County and San Diego Housing Markets January 2022

The State of Real Estate in 2022

The State of Real Estate in 2022 for sale sign and house

Where is real estate headed in 2022? Last year was definitely one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.

Continue reading The State of Real Estate in 2022

North County and San Diego Housing Markets December 2021

North County and San Diego Housing Markets December 2021 Pam Fraser

The North County and San Diego housing markets continued to see 16 to 17 percent, year-over price increases with inventory being squeezed down to almost nothing in November. And although closed and pending sales have dropped compared to last year, new listings have taken an even bigger hit. This is keeping a lot of pressure on our market with few options for home buyers.

Continue reading North County and San Diego Housing Markets December 2021

North County and San Diego Housing Markets November 2021

North County and San Diego Housing Markets November 2021

Sales continued to slow in North County and San Diego housing markets in October, but price increases were still strong and inventory remained tight.

Continue reading North County and San Diego Housing Markets November 2021

North County and San Diego Real Estate Markets October 2021

North County and San Diego Real Estate Markets October 2021 Pam Fraser

Recent news is that nationally the housing market is cooling off. That’s true in the North County and San Diego real estate markets, but they are still very strong. Homes continue to sell quickly and often over their asking prices, but not to the extent they were earlier this year.

Continue reading North County and San Diego Real Estate Markets October 2021

June 2021 North County and San Diego Real Estate Markets

June 2021 North County and San Diego Real Estate Markets

Prices saw incredible growth in North County and San Diego real estate markets in May with North County jumping almost 34 percent year-over and San Diego County gaining 28.4 percent. But while closed sales were significantly higher than the previous May, they didn’t keep up with April’s numbers.

Continue reading June 2021 North County and San Diego Real Estate Markets