The Joys of Real Estate

The San Diego County real estate market was reasonably stable for the last month.  Single family home prices increased only 0.8% but are up 17% compared to this time last year.  Attached home prices increase 3.3% last month and are up 18% from this time last year.  The active listings on the market increased last month and with sales flat the inventory increased slightly from 3.2 to 3.3 months.  See more data…

Home sales last month were nearly the same as the previous months.  Relative to this time last year the single family home sales were down -6.9% and the attached home sales are up 3.7%.   Foreclosures were 24% of last month’s sales while short sales were 25%.  These distressed sales have been very consistent for the last several months.  If anyone is having issues with mortgage payments and is considering foreclosure, please talk to us right away as a short sale is a far superior solution for distressed sales due to the reduced impact on credit and other consequences suffered with a foreclosure.  Read More …

Mortgage interest rates are still in the 5% range which is extremely low.  Now with prices down and these low interest rates it is certainly a good time to buy.  

More Real Estate News:

San Diego One of Top Cities in Expected Price Increases.  Inman News recently reported that the metro… Read More