Market Updates RSS Feed

A quick snapshot of statistics, rates and trends, here in North County - San Diego, California.

Found 73 blog entries about Market Updates.

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal(WSJ), explains:

“The economy is probably not slipping back into recession. The drop was induced by new restrictions on activity as the pandemic raged out of control. Leisure and hospitality, which includes restaurants, hotels, and amusement parks, tumbled 498,000.” 

In the same report, Michael Pearce, Senior U.S. Economist of Capital Economics, agreed:

“The 140,000 drop…

91 Views, 0 Comments

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained:

“Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes on the market.

While the pandemic left many in positions of financial insecurity, those who…

182 Views, 0 Comments

Highlights:

  • Experts project an optimistic year for the 2021 housing market.
  • With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices.
  • Reach out to a local real estate professional today to determine how to make your best move in the new year.

Friday December 12th, 2020 - © Keeping Current Matters, Inc.

284 Views, 0 Comments

A fun December 2020 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.

13% ⬇️ Annual Appreciation
2.6% ⬇️ Today's Loan Rate
8% ⬆️ 6 Month Rental Price Change

(arrows express change from previous month)

135 Views, 0 Comments

A fun November 2020 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.

17% ⬆️ Annual Appreciation
2.7% ⬇️ Today's Loan Rate
5% ⬆️ 6 Month Rental Price Change

(arrows express movement from previous month)

SKYE WALKER ART & ODYSSEY RIPTIDE HYDRO HAT

96 Views, 0 Comments

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.

Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The housing market, however, will remain strong for four reasons:

1. Demand Is Strong among Millennials

The nation’s largest generation began entering the housing market last year as they reached the age to marry and have children – two key drivers of homeownership. As the Wall Street Journal recently reported:

“Millennials, long…

272 Views, 0 Comments

A fun October 2020 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.

12% ⬇️ Annual Appreciation
2.8% ⬇️ Today's Loan Rate
3.5% ⬇️ Annual Rental Price Change

65 Views, 0 Comments