California Real Estate Blog

San Diego’s home prices accelerated at a level not seen in 18 years in March, as rising interest rates have not slowed the market. Home prices in the San Diego metro area rose 29.6 percent year-over-year in March, according to the S&P Case-Shiller Indices. That was up from 29.1 percent in February. Prices haven’t increased at this [...]

For the first time, the median price of a single-family home in San Diego County reached $1 million in April, according to resale housing statistics compiled through the San Diego Multiple Listing Service by the Greater San Diego Association of Realtors. That price represents a 2.5% uptick from March and a nearly 20% increase from the same [...]

San Diego County buyers were unfazed by rising mortgage rates in March as the median home price hit a new high of $805,000. Home prices were up 18.7% in a year, said CoreLogic. The new median record — a combination of new and resale condos, townhouses and single-family homes — surpasses the previous peak in February of [...]

The Federal Reserve needs to move quickly to raise interest rates and normalize its monetary policy, according to Fed Chairman Jerome Powell. Between a strong job market and soaring inflation, "there is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level," Powell said during his address at the [...]

San Diego’s median home price hit a record $775,000 in February as buyers shrugged off rising mortgage rates. Local prices increased 15.2 percent in a year as of February, reported CoreLogic/DQNews. The number reflects a combination of new and resale condos, townhouses and single-family homes. February’s median — the point at which half the homes sold for [...]

San Diego closed out 2021 with home prices up 25.9% in a year - near a record high. The S&P CoreLogic Case-Shiller Indices reported that San Diego metro had the fifth-highest price increases in the nation on an annual basis. The top markets were Phoenix, up 32.5 percent, and Tampa, up 29.4 percent. San Diego metro, which [...]

The S&P CoreLogic Case-Shiller Indices reported that San Diego metro saw a 24.4 percent home price gain in a year, making it the sixth fastest-growing market in 20-city index. San Diego had been in the top two markets in the closely watched index for most of 2021, but has now been in sixth for the past two [...]

Mortgage rates are rising in 2022. But with rising rates scare off home buyers? The average 30-year fixed mortgage rate jumped up again last week to 3.52%. Last week’s jump — rising by 23 basis points — is the largest weekly increase in nearly 2 years. It’s also the third week in a row that rates increased. [...]

San Diego County builders have managed to steadily increase homebuilding this year despite labor and supply shortages. There have been 7,646 building permits pulled in the first nine months of the year, according to data from the Real Estate Research Council of Southern California released Wednesday. That’s a 14.% percent increase from the same time last year [...]