Real Estate Blog for San Diego, CA

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8238 Run Of The Knolls, San Diego, CA 92127

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains:

“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole,…

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1561 Summerdawn Place, Encinitas CA 92024

Some Highlights

• Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.
• Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.
• If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.

Friday February 19th, 2021 - © Keeping Current Matters, Inc.

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1161 Balour Dr, Encinitas, CA 92024

Buying a home with Jeremiah was such a good experience! He kept us up to date weekly on the process and was always available for questions we had. He is a great guy and we felt he was really looking out for our best interest. We will definitely be recommending Jeremiah to family and friends!

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4505 La Noria, Rancho Santa Fe, CA 92067

San Diego, CA - North County median home prices -0.6% in January 2021 compared to prices in December 2020 (+13.3% from January 2020 and +10.2% year-over-year).

North County San Diego Market Report   |   Mortgage Loan Rates News

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15838 Highland Ct, Solana Beach, CA 92075

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.

1. This time, housing supply is extremely limited

The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.

In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The normal…