Real Estate Watch – Dan Conway & Associates
The Selling and Buying Season Is Upon Us
The California Association of Realtors (CAR) wrote, “California’s housing market is expected to improve in 2016, but a shortage of available inventory and continuing high costs are expected to limit the improvement. According to CAR’s 2016 California Housing Market Forecast, existing home sales are expected to rise in 2016 by 6.3% over 2015’s expected total.”
Home prices are also expected to rise this year, although at a slower rate than last year due to a still-tight inventory supply. Bottom line: get on the interest list of a community that interests you and be ready to get qualified ahead of time. That way, when you find the right fit, you are ready to go. Realtor.com lists San Diego among the nation’s 10 hottest markets, based on the company’s listing data. It was number three on their list of real estate markets to watch in 2016. San Diego’s spot as one of the top housing markets is the result of a limited supply of homes for sale and an increased demand.
Look for more construction of single-family and multifamily residences this year. While supply of the mid-level homes inventory is still low, look for some relief this year. “California’s housing market is moving in the right direction as we enter the spring home-buying season, but sales growth will likely be isolated in areas where inventory is more abundant and housing affordability is less of an issue,” said CAR President Pat “Ziggy” Zicarelli.
Dan Conway & Associates and Pacific Sotheby’s International Realty are relevant, excel in customer service, and are head and shoulders above today’s advertising standards. Dan Conway & Associates and Pacific Sotheby’s International Realty are located at 3860 Valley Centre Dr. Suite 409, San Diego, 92130. Stop by their office at the Piazza Carmel Shopping Center, next to Vons, for all your real estate needs.