San Diego home prices were up slightly in March but at a pace new homeowners might not be thrilled with. In a normal market, more homes listed for sale equal more transactions. That’s not happening in San Diego right now.
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It was the worst sales month for a June in records going back to 1988
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San Diego County’s median price for a resale single-family home hit a milestone in May
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Lack of inventory and affordability constraints made for a historic drop in San Diego County home sales
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For the first time in months, a San Diego home is now worth more than it was a year ago.
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A key bond market indicator is signaling mortgage rates are headed back up and may even push the average for a 30-year loan past its recent 20-year high of more than 7%.
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Just about everyone who owns a home in this country is hanging on to it. The number of existing homes, as opposed to newly built, that sold in May was 20% lower than a year earlier. That’s according to data released Thursday by the National Association of Realtors.
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San Diego County home proces in April rose for a second month after nine months of declines – and it is happening with very few sales.
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Loan Officer from C2 Financial Group, Mark Goldman discussed how the Fed raising rates impacts mortgage rates and if now is a good time to buy a home.
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If you bought a San Diego home one year ago, there’s a chance it’s now worth less than what you paid.
San Diego County’s median home price was $750,000 in February, said CoreLogic data released Wednesday, down 2.6 percent from the same time last year. It’s the first time in more than three years that the annual price went down. It also marked the ninth month in a row of price declines.
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