buyers

A client asked me a few days ago, "Are interest rates going to go up? I am afraid I could lose my house". Unfortunately, the 2008 financial crisis still feels very recent, but much misinformation exists. And my answer to him was, "Absolutely not! You are locked in with an amazing rate, and your monthly payment will continue to be the same for the entire 30 years of your loan!". But let me explain a...

Over the last few weeks, we've heard media reports about inflation finally being under control. But is this real or just a "mirage"?   Let's start by explaining that inflation is the increase in the overall price level of goods and services in an economy over time. It is caused by several factors, such as rising demand for goods and services (like it happened for homes when interest rates...

Over the past few weeks, the real estate market has been undergoing changes due to recent events, like fluctuation in interest rates, demand, and supply, among other external factors. Knowing what to do/think as a buyer or seller is complex, with so much information. If you are in a position to buy or sell, you need answers fast. Let's talk about your opportunities.   Year over year,...

But what is changing? The speed at which homes are selling. In the first quarter of this year, we saw homes selling on average in 17 days. A strong seller's market is under 60 days, so 17 days was complete INSANITY!   This fast-paced market was caused mainly because of a very low inventory. We started 2022 with just over 1,400 homes for sale in San Diego County. To put this in perspective,...

With inflation on the rise, the impact on rents is immediate. We are already experiencing this, with the average apartment studio in San Diego renting for $2,417, up 23% from last year. On the other hand, buying a home is a hedge against inflation since your property will increase in value, but your monthly payment stays the same with a fixed-rate mortgage.   So if you are thinking of buying...