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.
Market Watch: Is "Big Change" on the Horizon??Scary times ahead? Well,
"Highly recommend Joseph & his group. We bought a home in Encinitas while we were still living in LA. He was instrumental in getting us into our new home quickly and helping us out with every little detail. He is very thorough, dependable, genuine & kind. Communication was the key factor in why we decided to go with Joseph as our Realtor. He always responds in a timely matter. We found our realtor for life!"