Market News

Oct. 29, 2024

San Diego October Market Round-Up

new homes for sale in chula vista

 

Macro Market Round-up


It was another brutal week for mortgage rates, ending up at 6.90% on Friday after starting the week at 6.68%.

They popped again yesterday up to 7%. 

Unlike most other heavy movement in rates, there was no specifically damaging new data that we can ...
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Posted in Market News
Oct. 15, 2024

The End of San Diego's Housing Market Ice Age!

San Diego Frozen Home PricesAfter years of frozen listings, there's finally hope for San Diego homebuyers.

It may not feel like it yet, but the San Diego's housing market Ice Age is finally thawing.
Would-be buyers and sellers in San Diego have found themselves stuck over the past couple of years. For-sale ...
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Posted in Market News
Oct. 9, 2024

Rate cuts were supposed to push mortgage rates lower. The opposite has happened.

The Federal Reserve's jumbo interest-rate cut in mid-September was welcome news to prospective homebuyers, with the expectation that a lower federal funds rate would help push mortgage rates lower. 

 

Instead, the opposite has happened. 

Since Fed Chair Jerome Powell lowered interest rates by 50 basis points ...

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Posted in Market News
Sept. 24, 2024

How far could mortgage rates drop before the end of 2024?

San Diego Homes & Lower interest Rates

The Federal Reserve's 50-basis-point rate cut from September 18 has started to push mortgage interest rates down, bringing a glimmer of hope to potential buyers. With two more Fed meetings scheduled before the end of 2024, we could see rates continue to fall.

Experts are weighing in on how ...

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Posted in Market News
Sept. 17, 2024

San Diego’s prices drop as inventory grows!

San Diego ome Prices FallIt may have gotten a little easier to buy a home in the San Diego market, according to a new reports by numerous sources.

In a housing overview of the nation’s largest metros last month, the median sales price for a home in the San Diego-Chula Vista-Carlsbad area was $999 ...

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Posted in Market News