RENTERS SAYING BYE-BYE TO LANDLORDS, HELLO HOMEOWNERSHIP!
High Rent Prices and lack of inventory are pushing many into buying a home of their own. Given the competitive situation and ongoing high rental prices, we have seen an uptick in renters looking into becoming homeowners. The problem that we face here in San Diego is the lack of inventory for entry level priced homes. So, the numbers I am going to share with you are not going to make sense at first, but stay with me ;-)
We have seen closed sales begin to cool down for much of the county and everything points to that continuing, however this is not due to the lack of buyers “we have plenty of buyers” we actually have an inventory shortage. Here is what I mean: We have a 1.2% decrease in units sold compared to this time last year, yet the Median Sales Price has increased7.4%, while Inventory Decreased a shocking 15.9%.
Author:Joseph Arendsen Phone: 760-672-0174 Dated: October 6th 2016 Views: 282 About Joseph: Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge ...
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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
"My husband and I highly recommend Joseph, he is honest, and straight forward. He won't let you move into a place that is in a bad location. So thankful for that. He isn't just some realtor trying to get a sale. He honestly cares about where his clients are going to live and for that we are so grateful.
We just bought a condominium in Vista, and we absolutely love it. It's in the exact location that we had wanted from the beginning. Joseph is always working hard to make sure you get exactly what you want. When we made an offer on the condo, we were not sure what was going to happen. (We had made an offer on two other houses before this one and both turned down or got better offers.) Well they excepted and we couldn't have been more thrilled. Joseph was in constant contact to make sure that everything was going smoothly and that we were doing everything we needed to do. His assistant Tracey was extremely helpful as well. Answered my calls late at night because I had a question. The process went so smoothly, I kept thinking we had to do something else. We closed less then a month later and were just in awe at how well it went. We will recommend Joseph to everyone who is interested in buying.
Thank you so very much for all your help Joseph Arendsen & group."