San Diego Real Estate Cafe by Krista Lombardi
Archive for the 'How’s the Market?' Category
When Will Home Prices Turn Around in San Diego?
Nationwide, the U.S. housing market remains deep in the doldrums and economists expect prices to fall another 5% to 10% in many places.
Email us questions about home prices in your area at sandiegorealestatecafe@gmail.com
June Housing Figures For San Diego
Could the tides be changing in the San Diego housing market?
So, HOW is the market doing? Well our San Diego real estate market has seen it’s peeks and it’s valleys in recent times. The answer to this question has been the topic of many conversations for me as a real estate professional with Prudential California Realty working in the San Diego housing market and though no one has a crystal ball the numbers for San Diego may surprise you.
Though all we hear from the nightly news is that things are still going to get worse and that the sky is falling according to the data San Diego is, as we’ve mentioned before, out performing the rest of the markets. The San Diego real estate market has been doing better than most parts of the country and I think this why the San Diego housing market has been recognized on some of the most recent list of the “top markets” and/or “best performing markets”. Read the rest of this entry »
How’s The San Diego Real Estate Market For April 2011
There's only one direction to go in once you've hit bottom.
Do you think about the answer to this question on a regular basis? All of us in San Diego County wonder what the status is of the San Diego housing market for various data on the our local market as well as the state of the California real estate market is constantly coming out and we feel it important to keep the general public informed.
The most recent numbers show that the San Diego real estate market is still trying to recover but certain factors are stalling this recovery effort. Though San Diego’s real estate market has outperformed most other metro areas in the country some things are similar throughout the country affecting all markets in the same manner. Read the rest of this entry »
What Are San Diego’s Latest Foreclosure Numbers?
Is San Diego’s real estate market facing a flood of foreclosures? We’ve all been waiting for this massive wave of foreclosure and other distressed properties to hit the market for some time now. As of now we haven’t really seen this materialize and with the recent foreclosure dilemma the number of foreclosures on the market hasn’t changed much.
This doesn’t mean that banks don’t have foreclosed properties still on the books. They do have many but they’re not flooding the market as in recent times. The most recent figures do show some areas experiencing increases in the number of homes defaulting on their mortgages but we’re not seeing these homes coming onto the market at a very high rate of speed. Read the rest of this entry »
The Answer To How’s The Market For February 2011
What's the lastest on the San Diego real estate market?
So what is going on out there in real estate land? Well the latest numbers for the San Diego real estate market show some interesting things.
The first things that is apparent is that the prices in San Diego have dropped ever so slightly. The San Diego housing market has overall been doing better than the rest of the nation and that’s good news for us San Diegans. Though we did see a slight dip it was nothing compared to the other large metro areas. For now it looks like Yahoo Real Estate, Forbes and Case/Shiller are right on the mark about San Diego’s real estate market. Read the rest of this entry »
So How IS The San Diego Real Estate Market?
San Diego's real estate market is doing better than the rest of the U.S.
Could this be the most popular question on peoples’ minds in San Diego? Well if it’s not it’s surely towards the top of the list. So what is the answer? The answer is that the San Diego real estate market is out performing the rest of the nation and seems to be laying down a good foundation on which to build a recovery. Though the road to full recovery is not going to be a short one nor an easy one for everyone our local San Diego real estate market has been touted for it’s progress and it’s avoidance of obstacles that might slowdown it’s recovery.
The San Diego housing market is still along the bottom from what we see but it’s bouncing ever so often. Things such as the first time home buyer’s tax credit and seasonal changes have helped the market and the market has adjusted after these things have run their course. The interesting thing is that prices have not dropped off even after the stimuli have come and gone. It’s still not the ideal time to sell but predictions for home prices point to a slight and modest increase versus a drop. An inventory of distressed properties, such as REO’s, foreclosures and short sales, is still to come but we’ve observed how financial institutions are releasing these assets on a more controlled schedule rather than the flood set upon the market when the ship started to sink. This strategic release is sure to keep prices from suddenly crashing as before as well as help control inventory which is also crucial to prices. Read the rest of this entry »
How Much More Will A Mortgage Cost You Starting In 2011?
How much more will it cost to borrow money to buy a home? Or diffcult?
Are you aware that the cost of borrowing money could be going up in the very near future? Many buyers focus on the price of a home and though this important they should also pay close attention the cost of attaining a mortgage to purchase this home. Here in the San Diego real estate market we’ve gone through price falls just as the rest of the nation but we’re now seeing prices stabilizing and in some zip codes rising slightly.
In recent years, as part of a way to help the recovery of the real estate market, interest rates were lowered to historical lows to make it less expensive to but a home and thus help the market by encouraging consumers to buy more homes. At one point the rate of 30 year fixed mortgage was in the low 4% range which is an unheard of rate. For those of us that remember the 80′s rates back in those days were around 18% or so. That’s like paying your home with a credit card! Read the rest of this entry »
Banking Regulators Might Tighten Down Payment Requirements
Not everyone has a 20% down payment for a home. It might be time to move forward with that home purchase.
How many buyers have 20% to put down on their potential home purchase? Here in the San Diego real estate market where prices can reach astronomical figures this could mean a substantial amount of money. Well right now there’s a debate going on whether or not to change how much will be required for credit worthy buyers.
This is a result of the loose lending practices that contributed to the most recent real estate debacle of the last few years. As a result of all of those loans made with little to no money and documentation of income the government is considering this change that could affect millions of potential credit worthy buyers. Do you think this is this a good thing or a bad thing for the real estate market? Read the rest of this entry »
San Diego Sees An Amazing Real Estate Figure
Cash isn't the only way to buy a home in San Diego.
Do you think the San Diego real estate market is changing? This month in my reading of the San Diego housing market I came across a statistic that I’m sure is going to astonish San Diego county residents. This statistic demonstrates that at least in the San Diego real estate market things are changing. Read the rest of this entry »
San Diego Continues To Out Perform The Nation
San Diego"s real estate market marches on to recovery.
Have you noticed a change in the San Diego real estate market? If you listen to the nightly news you would think that the housing market, and more specifically the San Diego housing market, is as chicken little said “the sky is falling”. Well that might not be so. According to recent data and figures from the Case/Shiller index San Diego’s real estate market is far better off than the rest of the nation. The California real estate market overall is doing better than the rest of the nation with respect to recovering. Read the rest of this entry »
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