It’s been hot, hot, hot in California! And it’s not just the weather. Our real estate markets have been hot too. California had over half of the twenty hottest U.S. markets according to the National Association of Realtors®.
San Diego is right in there, placing seventh on the list. If you look at October’s list, you’ll see we’ve moved up to sixth place.
In their midyear report, Realtor.com said residential real estate is on track for the best year since 2006. They attribute job growth and high rents for the rising demand. The threat of higher interest rates is also pushing up sales. Read the full article here.
Realtor.com announced California as having almost half of the 20 hottest housing markets in the country in June, with San Diego coming in 12th on its list. They ranked medium to large sized cities by views relative to the number of listings and by the median days homes spent on the market.
Continue reading Real Estate Is on Track for Best Year Since 2006The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently published its California housing market forecast for 2015. They are predicting something we are already seeing happen in San Diego County – moderate price increases and a return to a more traditional market.