Real estate in North County San Diego continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the low inventory of homes for sale. Buyers are actively searching for homes in Carlsbad and purchasing homes, looking to …
Tag Archives: 2020 economy
Experts Agree: Real Estate Market Is Back
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place. After the …
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Sellers Are Returning to the Housing Market
North county is seeing more and more sellers return back to the housing market. In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, …
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How Is Remote Work Changing Homebuyer Needs?
Spending all day at home, doing remote work, has made homeowners realize the value of different living spaces. With more companies figuring out how to efficiently and effectively enable their employees to work remotely (longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. At Shafran Realty we’ve been seeing …
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Where Is the Housing Market Headed?
Many are wondering where the housing market is trending for the rest of 2020. Take a look at the graphics below to get more insite The housing market is forecasted to finish the year with growing strength. Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. If …
Guidance & Support Are Key When Buying Your First Home
Shafran Realty Group is here for first-time homebuyers In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period …
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A Remarkable Recovery for the Housing Market
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to recovery, and today we’re seeing signs of that coming to light. With record–low mortgage rates driving high demand from potential buyers, homes are being purchased at …
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Hiring a real estate agent – it matters
In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate agent when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be …
A Historic Rebound for the Housing Market
Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A leading indicator of housing activity, …
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San Diego Residential Building Bounce Back
The first quarter of the year saw San Diego residential building bounce back after a slow 2019 By PHILLIP MOLNAR Homebuilding in San Diego County nearly doubled from last year in the first quarter of 2020 despite COVID-19 closures. While a welcome sign for housing advocates it comes with two caveats: San Diego County had the biggest …
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