Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to p...
First Time Home Buyers
We had so much fun at our Homebuyer’s Workshop last week! At this workshop we discussed the pros and cons of renting vs. owning a home, what to expect when buying a home, down payment assistance information, how...
If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just e...
There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes fo...
Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and l...
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden w...
How does the market compare to normal years? It’s deceiving to compare the 2021 market to 2020 and get a clear picture of the real estate market because 2020 was such an erratic year. We need to go back to prior...
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking...
Categories:
Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number ...
Categories:
Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
The median sales price in San Diego is $743,000. The median detached home is $865,000 and a condo/townhome is $540,000. Homes are selling at 103.6% of list prices. In other words, if a home is listed for $717,000,...