Hope Leitner, Realtor®, CRS

Worried about how a recession might affect the housing market? Historically, home values have remained stable during economic downturns, with the 2008 crisis being an exception. Mortgage rates often decrease, making it a favorable time for buyers.​       Have questions about the current market? Message me today and let's discuss how these trends might impact your real estate goals.   #HousingMarketUpdate #RealEstateInsights #CompetitiveMarket #SanDiegoRealEstate #HopeLeitner #HopeOpensDoors #BerkshireHathaway #sellingrealestate #happyclient #realestate #realtor #sandiegocounty #sandiegocountyca #sandiegomarket #oceanside #encinitas #delmar #carlsbad #sandiego #sd #sdrealtor #imyourrealtor #contactme #awardwinner #topagent #luxuryagent #relocationagent #doctoragent

  Buying your  first home  in today’s market can feel tough. Between high home prices and mortgage rates, affordability is still a big challenge. And some buyers are making one simple trade-off that’s getting them in the door faster: square footage. According to the  National Association of Home Builders  (NAHB),  35%  of buyers are willing to purchase something smaller  to make homeownership happen. And one place you can usually find a smaller footprint (and sometimes better affordability) is in townhomes. Why Townhomes Are Gaining Popularity Townhomes typically   cost less than single-family homes due to their more limited size.   And that’s a big plus for today’s budget-conscious buyer. As  Realtor.com  says: "In today's market, affordability remains a key priority for homebuyers, making townhomes an attractive option because  they are often priced more reasonably than single-family homes . It makes them especially appe...

  Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s. A Recession Doesn’t Mean Home Prices Will Fall Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since. In fact, according to data from  CoreLogic , in four of the last six recessions, home prices actually went up ( see graph below ): So, if you’re thinking about buying or selling a home, don’t assume a recession will lead to a crash in home prices. The data simply doesn’t support that idea. Instead, home prices usually follow whatever trajectory they’re already on. And right now, nationally,  ho...

  Spring is bringing more homes to the market than we’ve seen in years! That means: ✅ More choices to find the perfect home ✅ Less pressure to make rushed decisions ✅ Better opportunities to negotiate a great deal How does having more options impact your home search? Let’s chat in the comments! 

  Want to know two reasons this spring might finally be your time to buy? Inventory has grown and sellers may be more willing to negotiate as a result. That means you’ve got more options and more power than buyers have had in years. Let’s break it down. 1. You Have More Homes To Choose From The number of homes for sale this February was higher than it’s been in any of the past five Februarys – and that’s great news for your home search. The graph below uses the latest data from  Realtor.com  to show the supply of homes on the market has grown by  27.5%  in just the last year: More choices for your search is a good thing – and experts also say that inventory is projected to  continue rising  this year, which is even better. It means it should be easier to find something that checks your most important boxes. But that’s not all this does for you. Danielle Hale, Chief Economist at  Realtor.com , explains some of the other perks of more inventory, bey...