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Guidance and Support Are Key When Buying Your First Home in La Mesa San Diego

Guidance and Support Are Key When Buying Your First Home in La Mesa San Diego

Guidance and Support Are Key When Buying Your First Home in La Mesa San Diego. . In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that‚Äôs been building steadily throughout the year. According to the National Association of Realtors (NAR): ‚ÄúThe share of first-time buyers increased in March through … Continued

Three of the Latest Reports Show Housing Market in La Mesa Is Strong

Three of the Latest Reports Show Housing Market in La Mesa Is Strong FI

What’s happening to the housing market in La Mesa? The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here‚Äôs a look at each one. 1. Ivy Zelman‚Äôs Real Estate Broker Survey The survey explains … Continued

Thinking of Selling Your House in La Mesa San Diego CA?

Thinking of Selling Your House in La Mesa, San Diego, CA_

Thinking of Selling Your House in La Mesa San Diego CA? Now May be the Right Time. Inventory is arguably the biggest challenge for buyers in today‚Äôs housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the … Continued

Does Your Home Have What La Mesa Home Buyers Are Looking For?

Does Your Home Have What La Mesa Home Buyers Are Looking For_

  Does Your Home Have What La Mesa Home Buyers Are Looking For? There‚Äôs great opportunity for today‚Äôs homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market.¬†According¬†to Javier Vivas,¬†Director of Economic Research¬†at¬†realtor.com: ‚ÄúSellers continue … Continued

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks. . Over the past several weeks,¬†Freddie Mac¬†has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to¬†3.03%. Last week‚Äôs reported rate reached the lowest point in the history of the survey, which dates back to 1971¬†(See graph below): What does … Continued

What Are Experts Saying about Home Prices?

Home prices

What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest¬†Home Price Index¬†said: ‚ÄúThe economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, … Continued

Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today‚Äôs Market. . . Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow … Continued

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate! Earlier this month, realtor.com¬†announced the release of their initial¬†Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand¬†‚Äď … Continued

What Are the Experts Saying About Future Home Prices?

What Are the Experts Saying About Future Home Prices?

What Are the Experts Saying About Future Home Prices? A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there‚Äôs a simple formula to determine the … Continued

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