Real Estate Blog for San Diego, CA

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Monday June 7th, 2021 - © Keeping Current Matters, Inc.

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

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A fun May 2021 snapshot of real estate statistics, rates and trends, here in North County, San Diego, CA. Includes our popular beach communities of Oceanside, Carlsbad, Encinitas, Cardiff, Solana Beach, Del Mar and La Jolla.

32% - Annual Appreciation
2.9% - Today's Loan Rate
5% - Annual Rental Price Change

Remember, this is regional data, keep me posted on what you're keeping an eye on.

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Friday, May 7th, 2021 - © Inman

For those who believe an impending doom is on the horizon, here is some bad news: It's not going to happen. In this second of two opposing opinion pieces on the housing crash, Matthew Gardner shares why we won't see any mythical bubble bursting.

On face value, I can certainly see why some are worried about how much home prices have been escalating — not just during the pandemic period, but since housing prices started recovering back in 2012.

Home price growth has been outpacing wage growth for a long time, with median prices up more than 113 percent since January 2012, while wages have only risen by a far more modest 30 percent.

Moreover, in 2020, prices increased by more than 9 percent and were up by a…

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A fun April 2021 snapshot of real estate statistics, rates and trends, here in North County, San Diego, CA. Includes our popular beach communities of Oceanside, Carlsbad, Encinitas, Cardiff, Solana Beach, Del Mar and La Jolla.

26% - Annual Appreciation
2.9% - Today's Loan Rate
4% - Annual Rental Price Change

Remember, this is regional data, keep me posted on what you're keeping an eye on.

260 Views, 0 Comments