The 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
The 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
The San Diego and North County real estate markets remain strong with good appreciation and short market times. Inventory is still at its lowest point since 2004. Despite the lack for homes available to purchase, March saw an increase in the number of homes that went under contract in both markets.
Continue reading April 2017 San Diego County Real Estate Report and Interest Rates
The 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
Interest rates continued to increase, but the San Diego County and North County markets didn’t seem to care. San Diego edged up to number five on the hottest U.S. markets list from realtor.com® last month.
Continue reading January 2017 San Diego County Real Estate Report and Interest Rates
The Fed hiked interest rates by .25 percent this week and expect continued increases in 2017. With rising interest rates and prices already putting pressure on affordability, what’s in store for the future? Here are predictions from eight real estate experts.
Continue reading December 2016 San Diego County Real Estate Report and Interest Rates
Now that the election is finally over, what will Trump’s presidency mean to San Diego County real estate? No one really knows, but The San Diego Union-Tribune published an interesting article today citing higher mortgage interest rates and possible regulation cuts.
Continue reading November 2016 San Diego County Real Estate Report and Interest Rates
Prices in San Diego County and in North County did not change compared to the previous month, but did go up substantially over the last year. Inventory, which should be growing this time of year, is continuing to decrease.
Continue reading October 2016 San Diego County Real Estate Report and Interest Rates