It’s a great time to sell, and may be your last chance to buy. San Diego County home prices continue to rise; inventory keeps dropping, and interest rates are near historic lows.
With increasing prices, low inventory and short market times, the second quarter of 2016 looks very promising for San Diego County home sellers. But those rising prices are pushing buyers out of the market. If interest rates increase, this will squeeze many buyers out of an already tight market.
Real Estate Report
Here’s the three minute skinny for North County’s first quarter report with a forecast of what the second quarter will bring.
See below for today’s interest rates.
Click on the links to read the full housing statistics reports.
Continue reading May 2016 San Diego County Real Estate Report and Interest Rates
No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are 7 tips and tricks to buying a home.
When you list your home for sale, you may think you’ve priced it right, staged it beautifully, and timed the market for a quick sale.
You can’t avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn’t place an unjust burden on you. As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation, increase your child’s college fund, build upon your retirement fund, or complete another home improvement project.
You are probably aware that federal law entitles you to a free copy of your credit report annually by each of the three credit bureaus: TransUnion, Experian, and Equifax.
Despite existing-home sales dropping last November, the national real estate market is primed for expansion in 2016. Here’s why. Better weather in many parts of the country resulted in an increase in single-family and multifamily home construction. Also, the population of millennial homebuyers is expected to grow in 2016. This means increased demand to help the housing market see positive gains. With unemployment steadily decreasing, orders for new durable goods increasing 3 percent, inflation staying level, and income beginning to grow, the Fed decided to raise interest rates. The rate increase signals that our economy is getting stronger. So, don’t let the drop in existing-home sales in November fool you. With a stronger economy, home sellers can expect eager home buyers in 2016.