San Diego Real Estate Market Update January 2023

 

It's a new year full of all new possibilities. While we are not wizards who can predict the future with any certainty, we can look to the past and look at the present and make some "educated guesses". Right now, San Diego is not in any danger of bursting a real estate bubble. Housing prices will most likely hold pretty steady, with only a slight decline, as more inventory comes available in the Spring and Summer. Interest rates are fluctuating as the Fed tries to balance curbing inflation with a healthy economic appetite for credit, but this won't deter determined buyers from putting in offers. The Market Report below is a reflection of these predictions.    If you know anyone who might be interested in receiving this market update every month, please have them sign up at this link.   January - Ponder this - “We are born in ignorance, we die in ignorance, but maybe sometimes we learn something important and pass it along to others before we die. Or we write it down in a little book.” - Greg Bear - Reading is what helps us overcome our ignorance, our fears, our self-made walls. January is a great time to start reading a new book.    I am always here for my clients and their friends and family.   Your trusted real estate agent, Hope Leitner   Hope Opens Doors