Hope Leitner, Realtor®, CRS

  Should I Wait for Mortgage Rates To Come Down Before I Move? If you’ve got  a move  on your mind, you may be wondering whether you should wait to sell until  mortgage rates  come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The  graph below  helps give you a visual of how this relationship works and where we are today:   As Lisa Sturteva

Spring is here! If you haven't taken a drive into the desert to see the flowers, try to do it soon. As soon as the hot sun comes out it will only be a short time before the flowers are gone. Below are many more ideas for maximizing the fun in the sun that we have in San Diego.    April - Ponder this -   “Love life. Engage in it. Give it all you’ve got. Love it with a passion because life truly does give back, many times over, what you put into it.” — Maya Angelou   I am here for you, your family, and your friends. Whether you own a home or you are looking to buy or sell one, I'm here to help.   If you know anyone who might be interested in receiving this event calendar every month, please have them sign up at this  link.   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.c

January 23, 2024 For Buyers Pricing First Time Home Buyers Housing Market Updates Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent  survey  from  Fannie Mae  found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here's what experts forecast will happen with prices this year. Experts Project a Modest Increase Check out the latest  home price  forecasts from eight different sources ( see graph below ): The blue bar on the left means, on average,  experts  think  home prices  will go up over 2% by the end of this year – not down. Prices  aren’t likely to depreciate in 2024 because  inventory  is still tight and lower  mortgage rates  are leading to strong  buyer demand . Those two factors will keep pushing  prices  up as the year goes on. As Selma Hepp, Chie