The housing market has been steadily improving. Home prices are currently higher than they were pre-recession. Housing demand is up, due in part to near-record-low mortgage rates. And existing-home sales are continuing to increase. But a severe lack of inventory is putting a strain on the market. For the past 25 months, housing inventory
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The economy’s growth rate was slow for the beginning of 2017—consumer spending and inventory investment were both down—but the housing market remained strong. The resilience of the market was attributed in part to an increase in the demand for homes fueled by lower interest rates. In addition, unemployment fell to its lowest level since 2001.
Just Sold in Point Loma In Escrow Within 1 Week On The Market and Sold Over Asking Price! Just Sold in Rancho Santa Fe Just Sold in Olde Del Mar On the Market for Only 8 Days!
2017 First Quarter Review *Article from car.org “California’s spring housing market posted a strong start to the year as existing home sales and median price registered healthy gains in March on both a monthly and annual basis, as did every major region in the state.” the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) “March’s solid sales performance was
Consumer confidence tops economist forecasts Consumer confidence in March soared to the highest level in more than 16 years, according to data released Tuesday. The Conference Board said its consumer confidence index leapt to 125.6 in March from 116.1 in February, coming in well ahead of the MarketWatch-compiled consensus of 114.1. The reading gave
As seen in the Business section of the SD Union Tribune Sunday 2/19/ 2017 Shortage of inventory, shorter time on the market, 2016 favored sellers San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close. Last year 23 zip codes hit new high median home prices, according to real estate
Total home equity grew 11.4 percent to $13.018 trillion between the third quarter of 2015 and the third quarter of 2016. The share of mortgaged homes in a negative equity position has dropped from 13.3 percent in 2013 to 6.6 percent in 2016 – eyeonhousing.org