According to recent sales data collected by Redfin, luxury home sales in the United States went up significantly in the first quarter of 2021. Compared to Q1 2020, they went up an astounding 41.6% in the high-end market between January and March of this year! By the Numbers Some may Continue Reading →
Coronavirus has impacted all financial markets, including the mortgage industry. However, some experts are seeing some positive trends in relation to the real estate market as we eventually look to come out of this major economic downturn. More specifically, they are looking at how home prices will react during this Continue Reading →
The National Association of Realtors (NAR) reported that existing-home sales in August were the highest they’ve been in 17 months. They were up 1.3% from July and gained 2.6% over August 1018’s sales rate. What Are Existing-Home Sales? As the term implies, existing-home sales refers to completed resales of existing Continue Reading →
The unemployment rate in San Diego County is nearing a record low. Data gathered over the 12-month period of April 2017 through April 2018 shows that the county added 32,100 jobs. The overall unemployment rate in San Diego County dropped from 3.2 percent in March to 2.9 percent in April, Continue Reading →
The housing market will always have its natural ebbs and flows, along with some cyclical trends. 2017 has seen home prices continue to rise while housing inventory remains very low. At the same time, relatively low interest rates still make it affordable for buyers though it is clearly a strong Continue Reading →
