Скачать или смотреть San Diego Real Estate Housing CRASH!

As we head into the end of 2021 The Real Estate Market is still just Crazy. Home sales are still the strongest I have ever seen. We are still seeing homes sell within days, well above asking price and with multiple offers.
There is no end in sight!

I will say, Bull Markets are not forever and I think buyer fatigue will have to set in at some point soon.
ALL Bull Markets turn into Bear Markets.

Keep your eye on the employment numbers and interest rates. As long as these two factors stay "strong" I do not foresee any issues with the San Diego real estate market. 
https://www.cnbc.com/2021/05/12/consu...

With that said, I still see a very realistic outcome for the years ahead. I can only conclude with the over whelming amount of QE we have seen in the last 12 months, inflation will be back like the 1970's all over again.  

According the historic data on the HUD website We saw home prices triple in that decade. I could see the same thing happening once again.


Bloomberg has an interesting article about where people are moving to and from, you can read the full article at the following link:
https://www.bloomberg.com/graphics/20...


Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search. (However, if we see rising inflation as we did in the late 70's into the early 80's, this could be a bad move as it will force home price up even higher than they are now.)

There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over year gains, would be music to the ears of homebuyers throughout the country.

Cheers,
By James Baxter
REALTOR
Realty Place
511 S Coast Hwy 101 202A
Encinitas, Ca 92024
BRE CA lic 01815256

#SanDiego #RealEstate #HousingCrash