San Diego home prices hit all-time record high, mortgage rates above 7%
Вставка
- Опубліковано 29 кві 2024
- San Diego home prices are surging to new highs, hitting an all-time record even as mortgage rates remain high.
According to new data from CoreLogic, a real estate analytics firm, the overall median home price in San Diego County rose to $865,000 in March. That median price includes homes of all types such as single-family, condos, and townhomes, and according to their numbers, it shows a 9.5% increase year-over-year since March 2023.
“Home prices continue to go up while sales activity continues to be relatively slow,” said Selma Hepp, chief economist for CoreLogic.
With home prices reaching new heights, CoreLogic says the San Diego market is the second most expensive in all of Southern California, only behind Orange County where the median price is around $1.15 million.
MORE: www.cbs8.com/article/news/loc...
They raise interest rates, but then continue their obscene overspending and money printing. Such a mess
They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.
h this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
She is well known as - Chasity George Charles. please do your own research.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
Even Oceanside is over $1M now
The rich get richer.
And the people who don't own get poorer
If u weren’t in San Diego from the 80s and 90s u are poor my friend
Yeah! Before you know price will be 2 million or more for a two bedroom house.
It used to be that when interest rates went up, prices go down….this is nuts
Inflation isn’t going anywhere. Welcome to the Thunderdome 👍🏽
ahhh were all in this together folks locks home door
At this point you'll have better chances of owning a home by buying lottery tickets or hitting one of the local casinos
lol
*The corruption that runs through this administration is getting scarier. I feel for people with disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1,000 and receiving $4,300*
Demand is not even high. Nobody’s trying to buy a house right now.
Wow .who qualified for mortgage. That's why more homeless.
Is ok, homeless will come to your neighborhood to camp. 😎😎😎
Its a wonder that anyone still livs there. California is not a place i would ever want to live. Many reasons not to.
It’s important to keep in mind that it isn’t your Property value is INCREASING, it’s the value of the Dollar that’s DECREASING!
I can remember a time when the borders were secure, the world was at peace, gas was cheap and plentiful, groceries were affordable, mortgage interest rates were 2.5%, and the economic outlook was optimistic. I sure do miss those good old days from four years ago.
You got what you voted for!
Ain’t Democratic Communism Great?
The MAGA Retard Economist strikes again!
Are you kidding people are losing there jobs how are they going to pay there mortgage
Sweet time for a raise..
When this bubble finally bursts its going to be meme tier level..and they'll find a way to blame poor people unironically