Q: AFTER A SLOW 2014, DOES THE MARCH JUMP IN SALES MEAN THAT SAN DIEGO COUNTY WILL HAVE A PEAK REAL-ESTATE SEASON THIS YEAR? WHY OR WHY NOT?
•Murtaza Baxamusa, directs planning and development for the Family Housing Corporation, of the San Diego Building Trades in Mission Valley:
Yes. Increasing home sales and prices reflect a strong real-estate market all along the coast. It is driven by latent demand and fear of rising interest rates. But local fundamentals with regard to wage growth and new inventory are still weak. Wages grew at the slowest annual rate in San Diego among the nation’s largest counties in the third quarter of last year, half the rate of inflation. Sales largely consisted of resales of existing units, picking up from a prolonged retraction. For new inventory, it is questionable if the price or stock caters to the average San Diego household.
If your thinking to buy a home now is the time to do so as I always say buy near the bottom and sell near the top. Never try to predict the exact bottom or top as it could cost you a lot of money. So if your looking to buy a home and want to see what you qualify for call us now at 619.449.1919 its absolutely no obligation.
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