1889 Bacon St Suite# 12
San Diego, CA 92107
CA DRE# 01301301
CA DRE# 01862028
Oct. 25, 2018
Layne and Rachel Harrison
FALL MARKET UPDATE
IT IS STILL A SELLER'S MARKET, BUT THE MARKET IS CHANGING
SOME PROPERTIES ARE TAKING LONGER TO SELL
GENERALLY SPEAKING, PROPERTIES ARE SELLING FOR APPROXIMATELY 2-3% LESS THAN MONTHS AGO
THE 30 YEAR MORTGAGE INTEREST RATE HAS HIT AN 8 YEAR HIGH OF 5%
EVEN THOUGH INTEREST RATES ARE INCREASING, THEY ARE STILL CONSIDERED RELATIVELY LOW HISTORICALLY
HIGHER INTEREST RATES EQUALS LESS AFFORDABILITY FOR BUYERS
THE NUMBER OF HOMES FOR SALE IS INCREASING GIVING BUYERS MORE OPTIONS
THE GOOD NEWS FOR SELLERS IS THAT PRICES ARE STILL AT RECORD HIGHS
NOW MORE THAN EVER WHEN BUYING OR SELLING A HOME, YOU NEED EXPERIENCED REALTORS LIKE US TO REPRESENT YOU