After a recent report it looks as though inventory in many high-demand areas of San Diego County are becoming increasingly scarce. San Diego homes could become even more difficult to purchase in the summer of 2010 if inventory remains at the current levels.
Higher Real Estate Demand in San Diego
Purchasing San Diego homes are becoming increasingly difficult and more challenging due to a number of issues including the local demand for real estate, a lack of inventory and lending guidelines. As we approach the summer months we will most likely see rates gradually moving north, which may actually push a few buyers away from the demand pool, but we will have to see what happens with rents in the process.
The local rental market in parts of San Diego’s high demand areas has increased a small percentage and looks to continue. The demand curve and lack of inventory has played a major role in the increase. Depending on where rates go over the next few months we should have a better understanding of both home prices and rental values. Most San Diego homes should feel the impact of both interest rates and inventory levels as the general consensus says we may experience a second drop in prices.
If you plan on purchasing a home for sale in San Diego be aware that the next few months should give us a much better understanding of where markets are heading over the next few years. San Diego homes generally lead the nation in direction, so San Diego may be the first to feel the real impact of higher rates. Be a savvy buyer understand that certain statistic should be understood when looking at homes from an investment standpoint.
San Diego is a Great Place to Live
San Diego has some of the best weather in the Continental US and has slowly become one of the top US destinations for many travels worldwide. Living in paradise definitely has its benefits, but in the world of real estate and San Diego homes it’s always good to know key information before buying.
At The Approval Experts we understand the needs of our buyers and we make it a point to discuss current values and inventory levels to give our clients a better understand the market. Let a real estate professional who understand the market in San Diego help you in purchasing your next home in San Diego. Allow owning a San Diego home to become a reality with The Approval Experts.
Tags: buy, Buyer, California, Carlsbad, Foreclosure, Home, Loan Modification, North County, Purchasing, Real Estate, Realtor, Relocate, San Diego, San Marcos, sell, Seller, Short Sale, Short Sales, Solana Beach, strategic default
This entry was posted on Sunday, February 14th, 2010 at 6:23 pm and is filed under Blog, Buyers, Sellers, Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.