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Should I Wait for Mortgage Rates To Come Down Before I Move?

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  Should I Wait for Mortgage Rates To Come Down Before I Move? If you’ve got  a move  on your mind, you may be wondering whether you should wait to sell until  mortgage rates  come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The  graph below  helps give you a visual of how this relationship works and where we are today:   As Lisa Sturteva
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Talking Real Estate with Hope Leitner

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  Welcome to a curated selection of the latest real estate insights—handpicked just for you. As your dedicated agent for life, I believe in empowering you with the knowledge you need to navigate the world of homeownership with confidence. Sit back and absorb the compelling narratives that await in this issue. Whenever you find yourself pondering the next steps in your real estate journey, remember that I am only a conversation away. My commitment to you, your family, and friends is unwavering, and I'm ready to assist with tailored, strategic advice whenever you need it. Your Forever Agent,  Hope Leitner, CRS, CalDRE #01874321 Hope Opens Doors The Best Week To List Your House Is Almost Here Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner. Why Overpricing Your House Can Cost You If you’re trying to sell your house, you may be looking at this spring
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April Calendar of Events, San Diego

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Spring is here! If you haven't taken a drive into the desert to see the flowers, try to do it soon. As soon as the hot sun comes out it will only be a short time before the flowers are gone. Below are many more ideas for maximizing the fun in the sun that we have in San Diego.    April - Ponder this -   “Love life. Engage in it. Give it all you’ve got. Love it with a passion because life truly does give back, many times over, what you put into it.” — Maya Angelou   I am here for you, your family, and your friends. Whether you own a home or you are looking to buy or sell one, I'm here to help.   If you know anyone who might be interested in receiving this event calendar every month, please have them sign up at this  link.   Your Forever Agent,    Hope Leitner, CRS, CalDRE #01874321 Hope Opens Doors   Berkshire Hathaway HomeServices, California Properties Christie D. Horn and Associates 3790 Via de la Valle, Suite 201, Del Mar, CA 92014 Cell: (858) 382-3763 Website: HopeLeitner.c
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Location: San Diego, CA, USA
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March 2024 Monthly Market Report

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Spring's arrival heralds a warming trend in the real estate market, signaling the onset of a hot sales season ahead.   Below you'll find the housing report for the current month along with data from the preceding two months. Notably, there's a surge in the number of properties hitting the market in the last two months, indicating a growing pool of sellers. However, it's crucial to recognize that buyer demand remains robust. Despite this uptick in listings, San Diego County continues to grapple with an inventory shortage. The average cost of a home has risen, but that doesn't mean there aren't still some affordable properties out there.    Whether you're contemplating a purchase or sale, I invite you to reach out. Let's discuss your options within the dynamics of our distinctive housing market, ensuring your decisions align with the current trends and realities.   If you know anyone who might be interested in receiving this market update every month, plea
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Location: San Diego, CA, USA
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Curious about the Real Estate Commision Ruling?

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    Are you aware of the settlement reached by the National Association of Realtors (NAR) in a class action lawsuit last week?   This settlement could potentially have significant implications for the real estate market, particularly in regions with high property prices, like ours.   The lawsuit alleged that NAR's rules and practices regarding the sharing of commission between buyers' and sellers' agents stifled competition and inflated housing costs. As part of the settlement, NAR agreed to make changes to its rules and practices, including allowing greater transparency in commission rates and providing more information to consumers.   In high-priced regions like ours, where housing costs are already a concern for many buyers and sellers, any changes resulting from this settlement could have notable effects. Greater transparency in commission rates might lead to increased competition among real estate agents and potentially lower costs for consumers. However, it's esse
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Is the Housing Market Turning?

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  TRENDS, NEWS, FINANCE, HOMEBUYERS, HOME SELLERS Is the Housing Market Turning? The U.S.  avoided a recession in 2023 , and some say it will have a  soft landing  in 2024. Inflation has hovered in the 3% range for many months—higher than the central bank would prefer, but at 2.6% for personal consumption expenditures (PCE), it’s closer to the target range of 2% and far from the double-digit highs since the pandemic began. Most sources cite the “core” PCE, which excludes volatile energy and food prices which sat at 3.2% by year’s end—the lowest level since March 2021. Meanwhile, existing home sales volume began to edge higher by the end of 2023, and prices rose 4.0% year over year to a median of $387,600.  Mortgage interest rates  ended the year at 6.61% for a benchmark 30-year fixed-rate conventional home loan. Existing housing inventory remains tight with approximately 3.5-months’ supply on hand at the current sales pace. Due to the improvement in market conditions and higher consume
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Location: San Diego, CA, USA
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Talking Real Estate with Hope Leitner - March 2024 Newsletter

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Welcome to a curated selection of the latest real estate insights—handpicked just for you. As your dedicated agent for life, I believe in empowering you with the knowledge you need to navigate the world of homeownership with confidence. Sit back and absorb the compelling narratives that await in this issue. Whenever you find yourself pondering the next steps in your real estate journey, remember that I am only a conversation away. My commitment to you, your family, and friends is unwavering, and I'm ready to assist with tailored, strategic advice whenever you need it.   Your Forever Agent,    Hope Leitner, CRS, CalDRE #01874321 Is the Housing Market Turning? The U.S.  avoided a recession in 2023 , and some say it will have a  soft landing  in 2024. Existing home sales volume began to edge higher by the end of 2023, and prices rose 4.0% year over year to a median of $387,600.  Read more HERE Private Lands in U.S. National Parks: What You Need to Know Believe it or not, there are
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