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Showing posts with the label Real Estate Market

Is Your House Priced Too High?

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  Every  seller  wants to get their house sold  quickly , for as much money as they can, with as few  headaches  as possible. And chances are, you’re no different. But did you know one of the biggest things that could jeopardize your success is the  asking price  for your home? Pricing your house correctly is one of the most crucial steps in the selling process. So, how do you know if you’re missing the mark? Here are four signs your high asking price might be turning potential buyers away—and why leaning on your  real estate agent  is the best way to course correct. 1. You’re Not Getting Many Showings or Offers One of the most obvious signs your house may be overpriced is a lack of showings. If it's been on the market for several weeks and only a few buyers have come to see it—or worse, you haven’t gotten any  offers —it could be a clear indication the price isn’t matching up with what buyers expect. Because buyers who have been looking for a while can easily spot (and write off)

July 2024 San Diego Market Report

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  July 2024 San Diego Market Report We are seeing price drops everywhere. Interest rates in the 6%-7% range are lowering the cost of some homes. But, not all homes. And, overall, the value of homes is still increasing. There's some push and pull in this market - not just push.    Below you'll find the housing report for the current month along with data from the preceding months. San Diego County continues to have with an inventory shortage, even with lots of new construction. The average cost of a home has risen, but that doesn't mean there aren't still some affordable properties out there. Especially if one is open to a denser option than a single-family home.    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 updat

June 2024 San Diego Market Report

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  The summer real estate market is HOT HOT HOT! In other words, we are in a normal market. Which is a relief after the roller coaster of the last few years.  Higher interest rates are not deterring buyers, and sellers are still at the top of the current market.    Below you'll find the housing report for the current month along with data from the preceding months. San Diego County continues to have with an inventory shortage, even with lots of new construction. The average cost of a home has risen, but that doesn't mean there aren't still some affordable properties out there. Especially if one is open to a denser option than a single family home.    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, pleas

Worried About Mortgage Rates? Control the Controllables

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  Chances are you’re hearing a lot about  mortgage rates  right now. You may even see some headlines talking about last week’s  Federal Reserve  (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is,  mortgage rates  are impacted by a  lot of factors : geo-political uncertainty,  inflation  and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky. That’s why it’s generally not worth it to try to  time the market . There’s too much at play that you can’t control. The best thing you can do is control the controllables.   And when it comes to rates, here’s what you can influence to make your moving plans a reality.   Your Credit Score Credit scores can play a big role in your mortgage rate. As an article from CNET explains: “ You can’t control the economic factors influencing interest rates.   But you can get the best ra

Talking Real Estate with Hope February 2024

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    February 2024 Colleen,   If we only listened to the news our outlook on the world and our prospects for happiness would be pretty bleak... Hopefully, you know that a positive vision and balanced understanding that everything is constantly changing and evolving makes our possibilities really limitless. Go ahead, pursue your goals. You might just succeed!    If your goals involve real estate, I'm here to help!    February - Ponder this,  “What could we accomplish if we knew we could not fail?” – Eleanor Roosevelt - Something about the ambition of January resolutions makes me sad about the reality of change. February is a month of hope - if I'm still doing the thing I resolved to do, then I am stronger and better for my effort. I feel like I can't fail now!   As always, I am here for you, your family, and friends.   Your Forever Agent,    Hope Leitner, CRS, CalDRE #01874321 Hope Opens Doors   Berkshire Hathaway HomeServices, California Properties Christie D. Horn and Assoc

Experts Project Home Prices Will Rise over the Next 5 Years

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  This article is a good reflection of what I'm seeing as an agent.  I thought you would find it as interesting as I did.   If you have any questions about this projection, please give me a call! (858) 382-3763   Your Forever Agent,   Hope Leitner, Realtor®, CRS,  CA DRE #01874321   Chairman’s Circle Diamond Level 2022  – Top 1/2 of 1% BHHS Agents Nationwide   Christie D. Horn and Associates Berkshire Hathaway HomeServices | California Properties 3790 Via de la Valle, Suite 201, Del Mar, CA 92014    Cell: (858) 382-3763 Email: Hope@CDHorn.com   Website:   hopeleitner.com Blog:   http://hopeleitner. blogspot.com Experts Project Home Prices Will Rise over the Next 5 Years Even with so much data showing  home prices  are actually rising in  most of the country , there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a  recent survey  from  Fannie Mae  shows that 23% of consumers think prices will fall over the next 12 months. That

San Diego Market Update October

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  Here I have this month's Market Report for San Diego County. And, below is last month's report. The decrease in the number of houses on the market is a normal seasonal change. Families tend to move in the summers when kids are out of school. But the decrease is also contributing to the already tight market. There just aren't enough houses on the market.    Whether you're considering buying or selling, give me a call so we can talk about your realistic options in our unique housing market.    If you know anyone who might be interested in receiving this market update every month, please have them sign up at this  link.   September - Ponder this,  “All the months are crude experiments, out of which the perfect September is made.” — Virginia Woolf. This quote is quite magical - I love September, summer isn't really gone yet, but new beginnings are all around, the harvest, and back-to-school are full of possibilities and promise.    I am always here for my clients and