With a short drop in interest rates in February has caused a short rise in pending home sales. Higher interest rates has taken a bite out of the real estate market rising from 3% last year to 7%. this year as the Federal Reserve attempts to Continue Reading
Home prices have been falling for the past 7 months but dropped lower in January due to a short break in rising interest rates. According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index prices fell only 3.8% in January Continue Reading
San Diego continues to add restaurants to the Michelin Guide for California for 2023 with its newest addition Mabel's Gone Fishing located at 3770 30th Street in North Park. A combination of amazing service, unbelievable food and views for Continue Reading
New home sales have risen 1.1% in February continuing to show growth and stabilization in the real estate market. Interest rates dropped at the beginning of February causing a spike in signed contracts with buyers taking advantage of the drop Continue Reading
Existing home sales jumped 14.5% in February to a 11 month high. This is the first time in a year that the prices have risen. Homebuyers are taking any advantage any drops in interest rates. The current mortgage rate has dropped Continue Reading
The continued lack of homes for sale is having an adverse affect on the rental market. With homes sales stalling as interest rates move higher and the inventory remains the same is forcing many potential homebuyers into the rental market. Continue Reading
The fallout from the Silicon Valley Bank failure has brought volatility to the market forcing interest rates lower. The short drop in interest rates have seen a spike in mortgage applications as buyers take advantage of lower rates. The Continue Reading
Homebuilder Sentiment Grows Homebuilder sentiment rose in March as new home sales rose for the 3rd straight month. Giving builders hope that the worst is now behind them as demand for new homes continue to be strong. Even with low Continue Reading
The Federal Reserve has been raising interest rates over the last year from 3% to 7% bringing the real estate market to a grounding halt. Even though there are still people purchasing homes, the higher interest rates have affected affordability Continue Reading
