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With Home Values Surging, Is it Still Affordable to Buy Right Now in La Mesa CA?

With Home Values Surging, Is it Still Affordable to Buy Right Now

With Home Values Surging, Is it Still Affordable to Buy Right Now? Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in … Continued

Don’t Let Buyer Competition Keep You from Purchasing a Home in La Mesa CA

Don’t Let Buyer Competition Keep You from Purchasing a Home

Don’t Let Buyer Competition Keep You from Purchasing a Home This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream … Continued

Will Mortgage Rates Remain Low Next Year in La Mesa CA?

Will Mortgage Rates Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how mortgage rates are … Continued

Homes for Sale Are Rapidly Disappearing in La Mesa CA

Homes for Sale Are Rapidly Disappearing

Homes for Sale Are Rapidly Disappearing Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates.  Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories … Continued

Why Working from Home May Spark Your Next Move

Why Working from Home May Spark Your Next Move

If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the pandemic continues, … Continued

Winter Will Bring a Flurry of Activity to the Housing Market in La Mesa CA

Winter Will Bring a Flurry of Activity to the Housing Market in La Mesa CA

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the … Continued

Homeownership in La Mesa CA Is a Key to Building Wealth

Homeownership in La Mesa CA Is a Key to Building Wealth

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership in La Mesa CA. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of … Continued

La Mesa CA: Is it Safe to Sell My House Right Now?

La Mesa CA: Is it Safe to Sell My House Right Now?

Is it Safe to Sell My House Right Now? In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close … Continued

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