2020 San Diego Outlook
In 2019, my clients took advantage of low mortgage interest rates of below 4%, obtained lower monthly payments, qualified for higher mortgages and bought slightly more expensive homes. Strong demand for homes and low inventory kept upward pressure on prices.
In 2020, there is a good chance interest rates will remain at historical low level as the Federal Reserve actively manages the US economy, interest cuts and as we head into election year. The economy continues to be growing with one of the lowest unemployment rate in history and with modest growth in many sectors. Under these circumstances, I see a favorable housing market in 2020.
If you want to buy or sell a home, now it’s a good time as a favorable financing can open new doors to your real estate dreams. I will help you to make the most informed real estate decisions! Call me at 858-345-0685