Apr. 15, 2018

Layne and Rachel Harrison


If you are considering selling, the time to act is now. Although we are still in a seller's market, there is a slight shift from the steady appreciation we have seen in the last few years in certain price points and areas of San Diego. Interest rates are going up which will eventually put pressure on home price appreciation. The average 30 year fixed mortgage interest rate is at its highest point since august 2013, but historically rates are still low. As mortgage interest rates continue to increase, home prices will start to decrease. For now, demand for housing is still strong in most areas and rates are still affordable to buyers.