September 2018 Real Estate Update

September 2018 Real Estate Update


Mind the Gap [in Affordability!]

We’ve been watching all market factors very closely – with all factors in consideration, we determine there to be a plateau in our market today.  Watch quick video here:

The main reason is e assess that is really the affordability aspect, in particular the national income level. Over the last year, household income only rose about 2.8% annually. Now we this we’ve had rising housing prices, interest rates up AND building costs increase..  these rising costs on a national level have far outpaced our income averages. What does this mean?

Well this is what many refer to as the ‘gap’ in affordability. Now here we have hit that ceiling on national average levels of affordability. 

Here are the stats we are looking at:

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Article courtesy of San Diego Real Estate Today


Joseph Arendsen Headshot
Author:
Phone: 760-672-0174
Dated: September 21st 2018
Views: 48
About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...

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