09 Jul 2021 July – Real Estate and Mortgage Trends, San Diego, California
Will the summer market cool off? Some say we may have passed the peak of the hot spring housing market, but it’s likely to stay heated for the months ahead. The demand from buyers remains at high levels, but some moderation appears to be arriving across the market. Listing prices are still rising nationally but at a slower pace. Available inventory remains low, but markets across the country are starting to see the largest year-over-year growth in newly listed homes. With a young demographic of potential buyers yet to enter the market, arriving inventory combined with low mortgage rates, these factors continue to be motivators for potential buyers and can boost sales activity during the summer season.