California Real Estate Blog

The median price of an existing, single-family detached home in San Diego County rose to $825,120 in April, an increase from $800,000 a month ago, mirroring a spike across California that brought the state's median price above the $800,000 benchmark for the first time. San Diego County's median home price was $671,000 just one year ago. California's [...]

San Diego home prices increased at their fastest pace in nearly 16 years as of February and the metro area was among the strongest markets in the nation. Home prices in the San Diego metropolitan area are up 17 percent in a year, the S&P CoreLogic Case-Shiller Indices reported. The last time they went up that fast [...]

The US economy is turning the corner, thanks to government support and a turbo-charged campaign to vaccinate Americans against COVID-19, Federal Reserve Chair Jerome Powell said in a new interview. The chairman of the US Federal Reserve Bank said that the country's economic outlook has “brightened substantially," but warned that potential risks from the ongoing COVID-19 pandemic [...]

Fannie Mae announced that they are limiting new loans secured by second homes or investment properties to 7% of the overall loans they purchase (roughly HALF their historic levels!), effective April 1. What does this mean to borrowers seeking investment or 2nd home mortgages? Turns out, it means A LOT. Demand for second homes surged during the [...]

San Diego County had the biggest increase in homebuilding in Southern California in 2020 during a pandemic that shuttered much of the economy. There were 9,486 homes constructed in 2020, up 18% from a dismal 2019, said the Real Estate Research Council of Southern California. It is still way off from the more than 17,000 homes built [...]

San Diego County started the year with a $640,000 median home price brought on by intense competition over limited home inventory. The January price represents a 9.4% increase in the last 12 months following major gains during the pandemic. It is down from the high of $650,000 reached in September to November last year. Experts continue to [...]

Housing continued to exceed expectations, even during the winter months when demand tends to cool down. With existing home sales up over 20% from a year ago, the CoreLogic Case-Shiller Index clocked a 9.49% surge in November – a new high since February 2014. New record lows for mortgage rates helped lure in home buyers. At the same [...]

San Diego home prices continued their climb in October, rising 11.6% — the highest in more than six years. Prices in America’s Finest City increased the third-fastest annually in the nation, the S&P CoreLogic Case-Shiller Indices reported. Only Phoenix, up 12.7%, and Seattle, up 11.7%, had bigger gains. The last time prices in the San Diego metropolitan [...]