Hope Leitner, Realtor®, CRS

  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   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 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.com Email Hope   Home Prices Aren’t Declining, But Headlines Might Make You Think They Are If you’ve seen the news lately about home sellers

  Sellers: Don’t Let These Two Things Hold You Back August 1, 2023 For Buyers For Sellers Buying Myths Selling Myths Many homeowners thinking about  selling  have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Rate According to the  Federal Housing Finance Agency  (FHFA), the  average interest rate  for current homeowners with mortgages is less than 4% ( see graph below ): But today, the typical 30-year fixed  mortgage rate  offered to buyers is closer to  7% . As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect. The Advice: Waiting May Not Pay Off While experts project  mortgage rat