• Better Advice Than Your Uncle Larry • Big waves are hitting the San Diego housing market, and it’s not just the surf! Today we unpack the latest decisions to resolve class action real estate lawsuits and the proposed settlements on commission litigation.
• Are We Doomed to High Interest Forever? • When the pandemic started, interest rates were lowered to nearly zero, which lowered mortgage rates for homebuyers to a low of 2.65% on a 30-year fixed rate mortgage—a record low.
• Buyer Competition Drops to Lowest Level in Two Years • According to the Consumer Price Index, inflation is the highest it’s been in 40 years, and no doubt it has adversely impacted your budget. But how is it affecting the home you want to buy?
• Asking Price Drops in 8% of San Diego Listings as House Prices Fall • Is this the new normal – a more affordable housing market? Across the country, more than 25 percent of homes on the market have seen their prices slashed.
• Is Another Market Crash Coming? • No state possessed a more valuable housing market in 2021 than California, as San Diego homes, along with those in Los Angeles and the San Francisco Bay Area, have been considerably prosperous over time.
• The Hot Housing Market Enters a Cooldown • During the pandemic, home buyers lamented a lack of inventory, which helped push prices to record highs. But all of a sudden, homes for sale have soared across the country and listings are piling up – and especially in California.
• The Market Shows Signs of Hope for Home Buyers • It looks like the combination of rising mortgage rates and sky-high prices is finally dampening demand in San Diego’s red-hot housing market. Does that mean San Diego home buyers will soon catch a break?
• San Diego Housing Market Correction Could Mean Slowdown • With inflation and mortgage rates on the rise, there is a lot of speculation about where the market is headed and what that means for home prices. In fact, it has many wondering if a market correction is coming in 2022.
• Is the Housing Market Going to Crash or Keep Booming? • With inflation and mortgage rates on the rise, there is a lot of speculation about where the market is headed and what that means for home prices. In fact, it has many wondering if a market correction is coming in 2022.
• Will the Market Craze Continue? • If you’re in the market to buy or sell a home, it likely comes as no surprise that we are currently in the middle of the hottest housing market in US history. The average home price in the United States is up nearly 19 percent over the past 12 months.