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Posts tagged ‘2017 San Diego real estate forecast’

8
Dec

2017 San Diego real estate forecast

2017 San Diego real estate forecast

Trump election victory - 2017 San Diego real estate forecast

Just yesterday the stock market was up over 297 points continuing the post-election stock market rally. Also, interest rates and home mortgage rates have been increasing and the 30 year home mortgage hit 4%, the highest since July 2015.

In a recent report by Realtor.com, their ‘Realtor.com®’s 2017 Housing Forecast – Top 100 Metros’  of the 50 United States top metropolitan areas, when based on a combination of home appreciation and sales increases, this report forecast that San Diego California will be number 15. Realtor.com in this 2017 housing market forecast is showing that San Diego is projected to have 6.5% housing price increase.

*Note – the above 2017 housing forecast is just that, a forecast or outlook. So, this could be way off from the way the 2017 real estate market actually plays out. A good example of how what many thought was an accurate forecast, and actually the majority view can be totally off was just prior to the election, many forecast the stock market would crash and the economy would tank if Donald Trump was elected. Well, just like the majority forecast of Clinton win up until 9 o’clock or so of the election night, their forecast about the economy and the stock market has been exactly opposite of the reality! so even though this forecast is by a respected leader in the national real estate market, doesn’t mean that you should act on it without first consulting your own legal and financial advisors.

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4
Dec

San Diego real estate 2017

San Diego real estate 2017

As I’m writing this we are in the last few of weeks of 2016 and our thoughts are now turning to the prospects for the San Diego real estate market in 2017.

Here in San Diego California the shortage of resale housing supply and the very favorable interest rate environment has maintained the momentum in home price appreciation for a number of years. Actually, 2016 San Diego real estate home appreciation was stronger than the majority of real estate insiders had predicted. Read more »