Hope Leitner, Realtor®, CRS

  With declining interest rates, I anticipate steady demand for homes this fall.   Below, you'll find the current month’s housing report along with data from previous months. San Diego County continues to face an inventory shortage, despite ongoing new construction.   Overall, home values remain stable. While there has been a slight dip in average prices, we are still within the same price range as we were at the beginning of summer. Whether you’re looking to buy or sell, this is a balanced market.   If you’re considering a purchase or sale, I encourage you to reach out. Let’s discuss your options in the context of our unique housing market, ensuring your decisions reflect the latest trends and realities.   If you know anyone who would like to receive this monthly market update, please share this link for them to sign up.   I’m always here to support my clients and their friends and family. Your Forever Agent,   Hope Leitner, CRS (858) 382-3763   Hope Opens Doors

    August 2024 Colleen,                       In case you haven’t heard — changes are coming! Did you know that starting August 17th a realtor can no longer show you a property without a signed written agreement? It can be exclusive or non-exclusive but it MUST be signed. This means they can’t even unlock the door without it. Doing so as an agent can result in thousands of dollars in fines.  A buyer's agency agreement legally binds you to that particular agent for an agreed-upon timeframe, spells out their compensation, and details their duties to you.  There is no such thing as a "free service" for using a buyer's agent. Hiring an agent that has many years of experience and continually stays up to date to benefit you, the client, matters more than ever before. Sellers always interview agents, and now so will buyers. Not all buyer’s agents will be offering the same value. Yes, sellers can still pay a buyer’s agent’s compensation (and I expect that will still happen o

  You may have heard that there are more  brand-new homes  available right now than the norm. Today, about  one in three  homes on the market are newly built. And if you’re wondering what that means for the housing market and for your  own move , here’s what you need to know. Why This Isn’t Like 2008 People remember what happened to the housing market back in  2008 . And one of the factors that contributed to that crash was that there were too many  homes for sale . While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up. Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up.  The graph below uses data from the  Census  to  show  the number of new houses built over the last 52 years. Following the crash in 2008, there was a long period of underbuilding ( shown in red ). And