Category Archives: Uncategorized

San Diego County’s Housing Prices and Sales Sink

There were 1,682 home sales in January, CoreLogic reported Tuesday, which was the lowest ever recorded in data going back to 1988. Before this, the slowest month was 1,742 sales in February 1995, when much of the nation’s housing market was going through a steady period of a decline after a run-up in prices in the late 1980s.

San Diego County’s median home price — which includes resale single-family, condos, townhouses and newly built homes — fell for the eighth month to $750,750. That’s down from a peak of $850,000 in May.

read more at: https://www.sandiegouniontribune.com/business/story/2023-02-28/san-diego-home-sales-fall-to-lowest-level-in-35-years

San Diego is Predicted to be One of the Four Cities Where House Prices Will Fall the Most

REVEALED: The four cities where house prices will fall the MOST since 2008 crash – San Jose, Austin, Phoenix and San Diego could see valuations plunge 25% as property across rest of US dips, Goldman Sachs warns

Goldman Sachs issued the housing market forecast in a report earlier this month 
Projected peak-to-trough declines of 25% percent in several cities 
San Jose, Austin, Phoenix and San Diego are expected to be the hardest hit
But Miami is projected to escape the correction, with prices rising slightly
Nationwide, Goldman says prices will fall 6% this year before rising again 

read more at: https://www.dailymail.co.uk/news/article-11672609/4-cities-home-prices-fall-2008-crash-San-Jose-Austin-Phoenix-San-Diego.html

Going Green May Help Sell Your House Faster

A new report from Zillow finds that updating your home with eco-friendly or eco-resistant features may help sellers get a better price for their house on the market as well as sell it up to 10 days faster. 

At the top of the list are electric vehicle charging stations (9.5 days faster), double pane windows (6.9 days faster), and seismic-resistant features (19 days faster) that all help sell a home faster than homes without. Also on the list are tankless water heaters (2 days faster), drought-resistant landscaping (9.2 days faster), and smart sprinkler systems (4.9 days faster). 

At the top of the list are electric vehicle charging stations (9.5 days faster), double pane windows (6.9 days faster), and seismic-resistant features (19 days faster) that all help sell a home faster than homes without. Also on the list are tankless water heaters (2 days faster), drought-resistant landscaping (9.2 days faster), and smart sprinkler systems (4.9 days faster). 

According to Zillow, their research found that buyers are also seriously considering the possibility of flooding (55%), tornadoes (41%), hurricanes (35%), and earthquakes (29%) when choosing a home. The increasing frequencies at which these events, along with other natural disasters, are occurring means buyers are paying a premium on homes that have these features to protect themselves and their investment. 

read more at: https://themreport.com/daily-dose/04-18-2022/going-green