Buyer’s Market

The real estate market has officially become a ‘buyers market’ in some areas of the country and within some areas of your town. Remember, corrections happen regionally based on the local economy while crashes happen nationally/globally. This is not a crash, it is simply the end of a cycle and is part of the normal cycle flow. It’s been a sellers market for too long and buyers have become exhausted.

In certain areas inventory has gone up by 40% month-over-month. Prices are in the process of correcting and going down. 41% of the active listings in San Diego have had a price reduction.

If you were an ‘exhausted buyer’ in the past that was sick of dealing with the madness and craziness now may be the opportunity to get back in the market and not have to deal with the crazy game of competing with 15 other offers. If you are a buyer start looking again and start paying attention to the market again. You can put in an offer at asking or below asking and you even can ask for seller concessions – what a concept!


Recent Posts

Conventional Loans for First-Time Home Buyers

A conventional loan for first-time home buyers is a traditional mortgage loan that meets the parameters set by Freddie Mac or Fannie Mae. Conventional loans require some percentage of down payment, depending on the mortgage you choose, and your credit score typically must be 620 or higher. In addition to credit score, conventional loans for Read More…

Bank Statement Loans for First-Time Home Buyers

Bank statement loans for first-time buyers are a way to secure a mortgage using non-traditional means. When you have self-employed income that you are depositing into a bank account, you can obtain a mortgage through a bank statement loan.  A bank statement loan can make it easier for business owners, contractors, and freelancers to provide Read More…

Adjustable-rate vs. Fixed-rate Mortgages

If you are thinking about purchasing a new home, you might not be in a position to purchase a home with cash alone. Fortunately, you do not need to save up hundreds of thousands of dollars to qualify for a house. There are plenty of loan options available, but every buyer is in a different Read More…