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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...

Usually, the most cosmetically appealing home on the market is the first to sell at a higher price. As I have mentioned, the real estate market has been rapidly changing, and demand has decreased considerably because of higher interest rates at around 7% on average. So, if you have been thinking about selling your home in the short or long term, it’s essential to keep it updated because once we put...

Over the last few weeks, mortgage interest rates have continuously climbed to the point of reaching the mid-7 % on average, where they currently are. It's crazy that we started in the higher 2% this year! The rapid increase in rates is something that we have seen once before, so let's look into the 80s to have an idea of what may be happening in the short term.   In 1980 inflation was...

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,...

Since the rise in interest rates, many homeowners worry about the negative effect it could have on their home value. No need to stress out! The rate of your property value increase can depend on many factors, including the community where your home is located, local demand for housing, and the economy as a whole. But you, as a homeowner, can also affect your home's value over time by making upgrades...

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,...