Just read a great article from The KCM Blog, “Don’t Believe Everything You Read”, . It’s probably not the first time we have heard that saying!
It is really difficult to sift through all the information the media is putting out there – the housing market is crumbling, the housing market is getting better, there are no sales, prices are going up, etc.!
In San Diego, where I work, the market is fairly flat; prices are still on the decline in most areas. Sales are down in some areas, but not all. The bottom line is that homes are selling every day. If you are a buyer, there has not been a better time to buy a home, with the inventory, the prices, and the interest rates. This is a once in a generation time to buy a home….my advice is not to wait.
If you are a seller, prices are expected to continue to decline for a while; we are anticipating 3-10 percent in San Diego depending in where you live. So, if you are thinking about selling, this is the time to do it! It will probably be years before we see a significant increase in the price of homes.
In the last two years, I have worked with more cash buyers and more sellers who own their homes free and clear than in the previous 18 years. When out-of-state buyers are bringing cash into California to purchase real estate, you know it’s time to buy!
So, if you’re on the fence, get off – let me help you get all the facts you need to make a well-informed decision about real estate!