San Diego home price drops for the first time this year It was the worst sales month for a June in records going back to 1988 For the full article click here. Read More >
The price of a San Diego home crosses $1 million for the first time San Diego County’s median price for a resale single-family home hit a milestone in May For the full article click here. Read More >
San Diego just had its lowest-ever year for home sales Lack of inventory and affordability constraints made for a historic drop in San Diego County home sales For the full article click here. Read More >
It’s a weird San Diego homebuying season as prices rise while sales hit historic lows For the first time in months, a San Diego home is now worth more than it was a year ago. For the full article click here. Read More >
Mortgage Rates Are Heading Back Up as Resilient Economy Stokes Inflation Fears 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%. For the full article click here. Read More >
When moving means a higher mortgage rate, why sell? 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. For the… Read More >
‘People waiting for prices to come down will be disappointed’: San Diego home price rises for 2nd month 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. For the full article click here. Read More >
Explaining how the Fed raising interest rates impacts mortgage rates 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. For the full article click here. Read More >
San Diego home prices: annual gains wiped out 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… Read More >
San Diego home price drops for first time this year San Diego's home price dropped for the first time this year as rising mortgage rates slowed seeimingly unstoppable gains. June's median home price in San Diego was $825,000, down from the all-time high of $850,000 reached the previous month. For the full article click here. Read More >
Housing market may show signs of cooling A new report from Zillow says many homes in San Diego County are selling in just under a week, but experts say the housing market is showing a few signs of cooling. San Diego loan officer Mark Goldman says low supply and high demand are continuing to push home prices… Read More >- San Diego home prices continue to grow as Federal Reserve rates rise The Federal Reserve's decision to raise interest rates has many wondering if San Diego's sky-high housing prices will finally come down, but analysts say the Fed's move can only do so much in our supply-strained county. "I get text messages, I get emails, I get calls," said Loan Officer Mark… Read More >
Mortgage Rates Approach 5% As Fed Tightens And Inflation Rattles Bond Markets U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans. The average locked rate for a 30-year fixed mortgage eligible… Read More >
Historically Low Mortgage Rates May Continue I recently spoke with Kathleen Howley and Forbes about the expectation that rates may remain low, as we have seen over the past year. Just recently the Federal Reserve Bank of Kansas City canceled their Jackson Hole Economic Policy Symposium due to the rising spread of the delta-variant. How does… Read More >
Should buyers pay more than the appraised value? In this aggressive seller’s market, many successful bidders are waiving appraisal contingencies. Agents must be equipped to address their buyer-clients’ concerns about paying more than the appraised value for a property. An appraised value less than the contract price will increase the loan to value. This can require additional cash… Read More >- Mark’s Market Update- 2021 Q1 I hope 2021 has been good to all of you so far. The San Diego real estate market has remained strong, but we are already starting to see some changes from last year. San Diego is one of the hottest markets in the nation. We are behind only Phoenix and… Read More >
- Zillow Shaking Up the San Diego Market 10News recently reported about Zillow's Zestimate program being used to purchase homes in San Diego. Sellers can check if their homes qualify for an all-cash offer from Zillow and can typically expect this process to be faster than a typical transaction. While this may be a good opportunity for sellers… Read More >
San Diego Home Prices Reach New Record Prices keep rising, what does this mean for buyers and sellers. Read More >
San Diego Real Estate Market Update-September 2020 Over the last few months we have continued to see record-low rates. The average 30 year fixed rate is currently 3.010% which is good news for buyers looking to purchase a home. If you have thought about taking advantage of low rates to refinance, you may want to act fast… Read More >- Do Low Interest Rates Make A Difference? Low interest rates may bring a change to the San Diego market. Read More >
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