Southern California Real Estate Report

Southern California Real Estate Report


The Hottest Real Estate Market in California

July 31, 2020

Today on the Southern California Real Estate Report we took at San Diego home prices in comparison to the rest of Calilfornia and the nation,


Buyers are still motivated to buy homes amid the pandemic. However there are less sellers willing to sell or move during this time.


As on May San Diego home prices had risen 5.2% in a year and keep rising, out pacing other normally hotter markets like San Fransisco and Los Angeles.


Part of the reason might be the low interest rates.


30-year, fixed-rate mortgage in May was 3.23%. That number is down from 4.07 for May of last year.


 


The article referenced for this podcast is from the Union Tribune titled "San Diego home prices outpace other markets in California"


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