Market Updates

June 3, 2025

Hot San Diego Restaurant Openings May 2025 You Might Have Missed

National City - The first stateside location for the Michelin-recognized Tacos El Franc is opening at the Westfield Plaza Bonita by May 30. Famous for its adobada and carne asada on corn tortillas, the taqueria originally debuted in 1974 when Javier Valadez sold Tijuana-style tacos out of a street cart; …

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Posted in Market Updates
May 20, 2025

The Second Half Housing Market Forecasts for 2025

san diego real estate, san diego real estate agent, homes for sale in san diego, san diego home prices;

Trying to time the market and make the right decision about buying or selling a home can feel like a real challenge... if you’re open to having a conversation with the right team to clear the path and answer the questions for you, we can do that!

We …

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Posted in Market Updates
May 14, 2025

Home sellers are getting desperate - generous perks to buyers

They say you can’t time the housing market, but as we are acutely aware, some times are better for buyers than others. Like now, as the market has softened, primarily because high interest rates put a monthly mortgage rate out of reach for many.

Redfin says 44% of sellers …

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Posted in Market Updates
April 22, 2025

Millennials Selling Homes They Bought in Pandemic After Realizing 'Mistake'

Five years after a historic boom in home purchases driven by the COVID-19 pandemic, a new wave of home sales is emerging – this time from millennials who say they regret the decision to buy.

Triggered by changing life circumstances, economic pressures and a mismatch between expectations and reality, …

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Posted in Market Updates
Feb. 25, 2025

Good News For Homebuyers: Slower Price Growth, More Supply, More Bargaining Power

san diego homes for sale, san diego home prices, san diego real estateThe median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate.

The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February …

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Posted in Market Updates
Jan. 8, 2025

Assumable Mortgages Surge in Popularity

Homebuyers are reviving a forgotten strategy to secure much lower rates

With mortgage rates holding steady around 6%, prospective homebuyers are turning to an often-overlooked financing option: assumable mortgages.

Google searches for "assumable mortgage" spiked earlier this year as buyers looked for alternatives that could …

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Posted in Market Updates
Jan. 1, 2025

2025 Predictions: Pent-Up Demand Will Lead to More Home Sales

Prediction 1: Home Prices Will Rise 4% in 2025

We expect the median U.S. home-sale price to rise steadily throughout 2025, ending the year 4% higher than it was in 2024. Prices will rise at a pace similar to that of the second half of 2024 because …

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Posted in Market Updates
Nov. 26, 2024

Rising rates a bummer for San Diego homebuyers, but builders are more bullish

san diego real estateMortgage rates moved up again, but for the San Diego real estate market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.

 

Key points:

 

  • The 30-year mortgage rate averaged 6.44% …
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Posted in Market Updates
Sept. 11, 2024

What’s Happening with San Diego Home Prices?

If you’re wondering what’s going on with San Diego home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.

As a buyer, you might be worried about paying more than you should. And if …

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Posted in Market Updates
Aug. 27, 2024

What Mortgage Rate Are You Waiting For?

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in …

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Posted in Market Updates