San Diego State Real Estate Lecturer Mark Goldman said home prices are lining up with the cost of actually living in the house and it’s a good time to jump into the market.
“For people who are planning to live in their homes for three or five years or even longer, it’s a great time to buy,” he said. “Prices are good they’re heading up.”
San Diego State real estate lecturer, Mark Goldman, talks about the real estate inventory in San Diego.
San Diego’s housing market has bottomed and has experienced modest sustainable growth.
That’s according to Mark Goldman at the SDSU School of Business. His perspective follows Tuesday’s news that Goldman Sachs is seeing signs of a “strong” housing recovery.
Mark Goldman, a senior loan officer with C2 Financial Corp., a San Diego-based mortgage brokerage firm, says the most affordable mortgages are given to borrowers who have at least a 740 FICO score, up from 680 in 2007.
Mark Goldman predicts that we are at, near, or recently passed the bottom.
We’re seeing very high participation rates of people coming into the market. We see very low interest rates at this time. And I believe we’re seeing somewhat of a recognition of an emotional stability of our employment market.
Mark Goldman discusses how U.S. companies such as General Electric Co. (GE) and Boeing Co. (BA) have developed sophisticated financial operations to sell products.
Angela Hamann, a San Diego realtor, tells NBC 7’s Consumer Bob that people need to be quick in order to get the best deal for housing.
With home prices and sales up, and now news of declining foreclosures, could all this signal the advent of a housing recovery for the county?
“That late payment alone may make it that you are not able to refinance for a while,” said real estate consultant Mark Goldman. The San Diego State University lecturer says the longer you wait to pay the bigger the impact on your financial future.