What is happening in San Diego’s real estate market right now?
So. The inevitable has finally happened. The Federal Reserve finally raised interest rates. When combined with very high home prices (San Diego has seen a 40% increase in 2 years in), the market has started to shift and cool a bit. This doesn’t mean that we will see drastic price drops or devaluations of real estate assets in San Diego. But it does mean that the rate of increase will slow and come in line with price increases seen before the 2020 COVID-19 market changes.
Read our latest blog post here on what we expect to see in San Diego’s real estate market regarding these recent changes.
As always, feel free to contact us during business hours if you want to discuss this post, the market generally or your situation. We are here to help you understand the data and make good real estate decisions.