June 2021 – Real Estate and Mortgage Trends, San Diego, California

Supply is so low that builders claim to be 4 million homes behind to meet buyer demand. Home prices will rise with such a drastic gap. In the current market, what you may pay for a home – even though it might be high now – your home is going to appreciate. There are other factors that play into a market crash, but as of right now…experts believe we are far from it. Come the second half of the year, more new homes and listings are to become available curbing demand and hopefully stabilizing home prices. Mortgage rates are expected to say low this year. If you’re on the fence about listing your home, now may be the time, and don’t wait any longer!