Thinking about a career in San Diego real estate sales? If you're a current sales professional looking to control your own income and success in a new industry, or you're an existing real estate agent who needs more help to reach your goals, email me today for a private San Diego real estate career consultation. I'll share with you what a sales career at Keller Williams looks like, as well as the great income you will earn helping San Diego homeowners sell and buy homes in our greater San Diego County area.
When we look at the market overall, we're still seeing rates near all-time lows. Interest rates are currently hovering around 3.5%, but we're not expecting that to last much longer. The
real estate market, like all markets, is cyclical - it goes up and it
goes down. Since the crash and the recession that followed, we've seen great appreciation in the market, and sellers have been making solid gains.
Hello and welcome to 2015!
Last year was a pretty interesting one for real estate in the San Diego area. We finished the year with the same amount of inventory we started the year with,
but saw significantly less buyer demand as 2014 came to an end. What
does this trend mean for prices, sales, and real estate in general as we
begin a new year?
When we look at the market overall, we're still seeing rates near all-time lows. Interest rates are currently hovering around 3.5%, but we're not expecting that to last much longer. The
real estate market, like all markets, is cyclical - it goes up and it
goes down. Since the crash and the recession that followed, we've seen great appreciation in the market, and sellers have been making solid gains.
Our market is in a similar position to where we were in 2003. The Federal Government is incentivizing
home buying with low down payment programs, decreasing FHA mortgage
insurance premiums, and generally making money more available. Lenders are also stepping up to the plate, making loans easier to get. This is all fantastic news for buyers and sellers today.
The thing to keep an eye on is interest rates - at some point they are going to rise. When
they do, we expect the increase to spur home buying activity. Sellers
need to see that as an opportunity to make their move. As more sellers
and buyers flood the market, it has an impact on prices and thus
affordability goes down. This downward trend will happen, as it always does - it's simply a matter of when.
No one can know for sure when we'll see these wonderful conditions come to an end. What we know is, as always, the best priced homes, that are staged appropriately and marketed to the right audience, sell every day!
If you have questions about our market,
or would like real estate assistance of any kind, we would love to hear
from you! Give us a call or shoot us a quick email, and we'll help you
in any way we can!
Thanks, and make it a great day!
