Experts Predict San Diego Home Values Will Increase in 2025.
Top housing experts and economists give 2025 market predictions of what mortgage rates will do, and where home values in the San Diego and national markets are headed.
For many homebuyers, multigenerational living used to be considered an option of last resort. It was a route families took only when they needed to ride out a financial storm or care for ailing family members. But that mindset is on the decline. A growing number of families now are purchasing multigenerational homes and moving in together by choice.
Whether or not you’re planning to sell your home soon, it’s essential to ensure that improvements you make today will boost your property value when it’s time to sell. Strategic upgrades can make all the difference. But you don’t have to embark on a major remodel to make a significant improvement.
From wildfires to floods, the past few years have brought a historic number of devastating climate and weather events to the United States. In 2023 alone, there were 28 individual weather-related disasters that caused at least $1 billion in damages each. These events triggered a huge influx of home insurance claims, and analysts expect the increase in both catastrophes and claims to continue.
When you’ve lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a home that is bigger than necessary or is too high maintenance, it may be time to trade unused square footage for a smaller, more manageable space and downsize your home.
It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low. Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.
The annual inflation rate in the United States is currently around 7.5%. That’s the highest it has been since 1982. It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. But real estate investments can be a hedge against inflation.
Even in today’s fast-moving market, home updates and design are still important. They are one of the first things buyers notice when entering your home. Luckily, compared to many things in the real estate market that you can’t control, these are details that you can.
Double-pane windows have lots of great benefits and will increase the value of your home. But they also have drawbacks that window companies fail to mention when promoting them and touting their energy savings. As a REALTOR, I get to see how they function (or sometimes don’t) in homes.