From: Realtor.com When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions—and soared to new heights. Paradoxically enough, one of the biggest drivers of the double-digit price hikes is the very same record-low mortgage interest rates that put […]Read More Why Are Home Prices Rising So High? Blame Record-Low Mortgage Rates
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home […]Read More Do You Have Enough Money Saved for a Down Payment?
Changing leaves, ripe pumpkins, crisp apples and spooky attractions signal that fall has arrived in San Diego, but this year will be different in the COVID era BY MONICA GARSKE • PUBLISHED SEPTEMBER 21, 2020 • UPDATED ON SEPTEMBER 22, 2020 AT 2:43 PM – NBC & San Diego Sept. 22 marks the first day of fall and, while the coronavirus pandemic may […]Read More THINGS TO DO THIS FALL IN SAN DIEGO COUNTY: PANDEMIC 2020 EDITION
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there is a shortage in supply […]Read More The Cost of a Home Is Far More Important than the Price
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. […]Read More Three Ways to Win in a Bidding War
Interest rates are low. Inventory is low. Whether you want to Buy or Sell or both, now could be the right time for you to be proactive. Just send me an email or call 619-888-2117.Read More Mortgage Rates are Low
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged […]Read More Today’s Buyers Are Serious about Purchasing a Home
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at […]Read More A Remarkable Recovery for the Housing Market
If you’re thinking it might be the right time for you to buy or sell property, let’s connect and we can discuss the local San Diego market. Just send me an email or call 619-888-2117.Read More Monthly Market Report May 2020
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when […]Read More Is a Recession Here? Yes. Does that Mean a Housing Crash? No.