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Forecasting San Diego Home Prices

Forecasting San Diego Home Prices > The Market

Home prices are leveling currently after an incredible multi-year run up. But the question now becomes whether this is a temporary slowdown to be followed by additional home price appreciation in 2022 or if this could be the top with a potential drop in prices next year. I read many real estate blogs, articles, and analysis. For example, CoreLogic is a widely read quantitative forecast of residential real estate trends. First I can say that there is a slight drop-off in active buyers currently. Some buyers, after submitting many offers all
year, are taking a break from the home search. At the local Realtor meeting, other agents are remarking that instead of the usual 20 to 30 offers on a property, agents are receiving maybe four to 10 offers now.

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Changes to California's Property Tax Laws

AdobeStock 106836901 > The Market

California’s Proposition 19 property tax reform law is now fully in effect, several months after voters approved it by a slim margin on the November 2020 ballot. It is officially known as The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.

Reading the title gives you the sense of who the big winners are when making transactions for Pacific Beach property. What’s not in the title is any mention of another group that it affects just as much.

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How Does Inflation Affect Real Estate?

does inflation affect real estate > The Market

We’re hearing a lot in the news about inflation right now.

The inflation rates have been going up at record-breaking paces. Some of that is to be expected during a period of economic recovery following the COVID-19 pandemic, but there are concerns being echoed by some financial analysts.

Inflation refers to the decline of purchasing power of a currency over time, to put it somewhat technically. Basically, what inflation means is that you have less purchasing power with the same amount of money.

So, how does this affect real estate?

Home Construction Costs

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Benefits of Staging

Selling your home is not an easy process. In fact, it’s harder than most people think. But there are ways to making it easier, and one of those ways is staging your home. On average, staged homes sell 88% faster and for 20% more than nonstaged homes, which is nothing to sneeze at.

Read more ...Benefits of Staging

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