Tag Archives: real estate market statistics

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.

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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.

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April 2017 San Diego County Real Estate Report and Interest Rates

April 2017 San Diego County Real Estate ReportThe 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.

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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.

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January 2017 San Diego County Real Estate Report and Interest Rates

January 2017 San Diego County Real Estate ReportInterest 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.

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December 2016 San Diego County Real Estate Report and Interest Rates

December 2016 San Diego County Real Estate ReportThe 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.

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November 2016 San Diego County Real Estate Report and Interest Rates

November 2016 San Diego County Real Estate ReportNow 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.

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October 2016 San Diego County Real Estate Report and Interest Rates

San Diego County Real Estate ReportPrices 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.

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September 2016 San Diego County Real Estate Report and Interest Rates

San Diego County Real Estate ReportCountywide, August saw an upturn in pending and closed sales over the previous month. There was no change in the median sales price compared to July, but a 7.4 percent increase over the previous year. Inventory is staying tight with a scant 2.3 months’ supply of housing on the market.

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August 2016 San Diego County Real Estate Report and Interest Rates

August 2016 San Diego County Real Estate ReportThe market slowed down in July with fewer pending and closed sales compared to June. But because there were also fewer new listings, inventory stayed at a very low 2.4 months’ supply countywide.

Real Estate Report

This low inventory continues to keep pressure on home prices in San Diego and North San Diego County. A lack of resale homes, rising prices and a dearth of middle- and low- income building is causing a housing crisis for both buyers and renters. It is hitting the middle class especially hard.

KPBS™ interviewed Matt Adams, vice president of San Diego’s Building Industry Association. He says new housing is creating an “hourglass” market by building more homes for people at the top and bottom of the economic ladder, but few for people in the middle.

Interest Rates

Market Updates

Click on the links below to read the full housing statistics reports.

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