They said this day would come.. Well folks, I'm here today to report that sure enough the F.E.D. has just delivered another promised increase to our mortgage rates. Be aware - steady rate increases are set to occur several more times over the year...
ATTENTION: The Market is Changing! San Diego Home Buyers, Sellers & Owners alike - You could be affected significantly by this new change! If you would like to discuss further with a local real estate advisor, contact at 888.503.3117
As we turn the page and head into the more palatable days of summer, we can expect our local housing market to pick up speed and all signs suggest our housing prices will continue this steady climb into the foreseeable future. With mortgage rates on the rise – buyers will soon realize the real threat time now plays against housing affordability.
As for the recent rise in mortgage rates – buyers will realize these climbing rates are not just distant threats on the horizon, but rather a costly condition of today’s housing market. Especially for first-time buyers and those looking in the lower-tier homes, these steady rising rates should be cause to push buyers out there and purchase their home during these next few summer months before its too late.
Many sellers and builders are in a good position for financial gains, as the economy continues to favor sales of existing homes and constructing new homes for sale. As we predicted just last month, the market has officially shifted on a national level – after more than two years of waiting, we are finally seeing some upward movement in new listings hitting the market here. Remember, we’re talking slight shifts here – we still maintain a sellers’ market with inventory levels still well below the line of demand, so buyer competition and price increases are still active conditions in our present housing market and likely will continue for the next several months.
Having been raised in San Diego, Joseph has a great wealth of knowledge of each community San Diego has to offer. Combined with being extremely hard working, having a great attention to detail, and having the ability to listen Josephs clients receive an elite level of service.
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"We have just recently purchased a home in Oceanside, Ca.. Not really knowing the area for real estate, I went online to check properties out. I wanted to look at Oceanside down to Encinitas. The web page popped up coastal communities and realtors. Not knowing anyone in the area for help,I really wanted to find someone who was very familiar with the areas of interest for my family and myself.
I wanted a safe and nice area to live and have my daughter grow up with nice school districts also.
After putting some of my interests down on the web page , I received an email back from an individual realtor. His name was Joseph Arendsen. I had no ideal what this man could do for us or how long he had been in the realty business.
I emailed him back and then went on line to look up his bio. I was pleasantly surprised that he is as knowledgeable has he came across, especially for someone moving to an unknown area of interest. He grew up in the Oceanside area and was very familiar with the nice and the not so pleasing areas of Oceanside. Which by the way, I must also say kudos to the city of Oceanside for stepping up to the plate and transforming Oceanside making this an inviting place to live. Which it was not even a thought over ten years ago for me.
Back to Joseph. The man spent the time with me even after finding out I was not going to be an easy sale. I had a criteria that was not an easy one to fulfill. After a couple visits, Joseph and I signed an agreement and from that point, the hunt was on. after the first three to four homes we looked at Joseph had a good feel for what and where I would even consider looking at to live.
After ten homes of interest, Joseph scored by taking us by this one place that he didn't even think would be our definitive pick.
We met him there. My family and I right off the bat were pleased at what we saw so far. Joseph still insisted we look at a couple more. We went with him knowing we wanted what we just saw . Joseph would have come up with something over the top to top this one. Joseph got on the phone right away to call the selling agent to find the specifics on this property. I kept hounding him to please get in direct touch with the selling agent to see if we could put a bid in.
He took us to see the others but my interest was still on the one property. Finally that day Joseph let us know he had made contact and that wheels for this property could be in motion. he kept in continuous contact with us and always explained the good with the possible not so good. He was truly making an effort to get us what we wanted.
The MAN put in some serious efforts to pull the strings I was demanding for this deal. needless to say we are in our home of chose and ''Thanks to Joseph'' with the knowledge he has of the area and his constant contact and efforts and team of people he uses it was made possible!!!! My family and I thank you Joseph and we would refer you to our friends and family and anyone who might be thinking of buying in this area. ( I am still customizing the home so it is the way we want it inside and out but that is minimal.) = ))
Randy, Nancy, Zoe."