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תוכן מסופק על ידי Casey Cooke. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Casey Cooke או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
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Is San Diego a Buyer's or Seller's Market?

 
שתפו
 

סדרה בארכיון ("עדכון לא פעיל" status)

When? This feed was archived on January 29, 2023 03:20 (1y ago). Last successful fetch was on May 30, 2020 03:36 (4y ago)

Why? עדכון לא פעיל status. השרתים שלנו לא הצליחו לאחזר פודקאסט חוקי לזמן ממושך.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 211172686 series 2380892
תוכן מסופק על ידי Casey Cooke. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Casey Cooke או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Are we in a buyer’s market or a seller’s market? It’s a question we get all the time. So far in 2017, we’re seeing that it’s a little bit of both. If you’re thinking about selling your house, now is a great time. Inventory is way down and the numbers back that up. Toward the end of 2015, we had more than 2,200 homes on the market and toward the end of 2016, we had fewer than 1,700 homes on the market. That’s almost a 23% reduction in the number of detached homes available on the market. “Our market is favorable for both buyers and sellers right now.” The increase in competition for the available homes has pushed prices up; the median price has gone up over 3% across the county. Anyone thinking about selling their house should know that inventory is down, prices are up, and the amount of time it takes to sell a home is down. If you’re thinking about buying a home, it’s also a great time for you. There are a few reasons for this, and the first is interest rates. Yes, they have ticked up a bit, but for rates to be hovering around 4% is still historically a wonderful rate. Many people—millennials especially—don’t know that back in the 1980s, interest rates averaged about 13%! As recently as the 2000s, they were about 6.29%. We’re going to revert to the mean at some point and rates will go back up. Those of you who buy now and lock in a historically low rate are going to be the happiest. The other thing to focus on is the affordability index, which tells us roughly what percentage of people can afford to buy homes at today’s prices based on average income in the area and today’s interest rates. Right now, that number is between 25% and 30%. That may sound low, but in 2005 and 2006, it was less than 10%. With affordability at a good rate and interest rates so low, it tells me that prices will probably continue to go up. In short, in terms of whether we’re in a buyer’s or seller’s market, it’s a little bit of both. If you’re thinking about taking advantage of this market by buying or selling a home, give me a call or send me an email. I’d be happy to help you!
  continue reading

30 פרקים

Artwork
iconשתפו
 

סדרה בארכיון ("עדכון לא פעיל" status)

When? This feed was archived on January 29, 2023 03:20 (1y ago). Last successful fetch was on May 30, 2020 03:36 (4y ago)

Why? עדכון לא פעיל status. השרתים שלנו לא הצליחו לאחזר פודקאסט חוקי לזמן ממושך.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 211172686 series 2380892
תוכן מסופק על ידי Casey Cooke. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Casey Cooke או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Are we in a buyer’s market or a seller’s market? It’s a question we get all the time. So far in 2017, we’re seeing that it’s a little bit of both. If you’re thinking about selling your house, now is a great time. Inventory is way down and the numbers back that up. Toward the end of 2015, we had more than 2,200 homes on the market and toward the end of 2016, we had fewer than 1,700 homes on the market. That’s almost a 23% reduction in the number of detached homes available on the market. “Our market is favorable for both buyers and sellers right now.” The increase in competition for the available homes has pushed prices up; the median price has gone up over 3% across the county. Anyone thinking about selling their house should know that inventory is down, prices are up, and the amount of time it takes to sell a home is down. If you’re thinking about buying a home, it’s also a great time for you. There are a few reasons for this, and the first is interest rates. Yes, they have ticked up a bit, but for rates to be hovering around 4% is still historically a wonderful rate. Many people—millennials especially—don’t know that back in the 1980s, interest rates averaged about 13%! As recently as the 2000s, they were about 6.29%. We’re going to revert to the mean at some point and rates will go back up. Those of you who buy now and lock in a historically low rate are going to be the happiest. The other thing to focus on is the affordability index, which tells us roughly what percentage of people can afford to buy homes at today’s prices based on average income in the area and today’s interest rates. Right now, that number is between 25% and 30%. That may sound low, but in 2005 and 2006, it was less than 10%. With affordability at a good rate and interest rates so low, it tells me that prices will probably continue to go up. In short, in terms of whether we’re in a buyer’s or seller’s market, it’s a little bit of both. If you’re thinking about taking advantage of this market by buying or selling a home, give me a call or send me an email. I’d be happy to help you!
  continue reading

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