San Diego Real Estate Newsletter: August 2020

Hi friends,

Most buyers start their house hunt by getting a feel for the market. Which neighborhoods suit you best? What style of home do you prefer?

Perhaps more importantly, though, you first need to know what you can afford.

In that regard, there’s great news: Right now, your money goes further than ever!

Since late 2019, mortgage rates have been steadily falling. We’ve seen new record lows set multiple times since February. With rates having fallen below 3% now, the first time in 50 years, the current national average rate on a thirty-year conventional mortgage is undeniably appealing.

For buyers, this means you can buy “more house” with the same income and savings (or pocket the difference for a rainy day).

For sellers, this means a better chance at higher, multiple offers.

For investors, this means an opportunity for increased leverage.

Now is a uniquely good time to finance a deal. If you’re thinking of making a change, let’s talk strategy!

We hope you enjoy what we’ve put together for you this month, from our latest blog post on the benefits of virtual tours, to our latest listing updates.

Please feel free to reach if you have any questions about the market, are interested in buying or selling, or just want to talk real estate! We’d love to hear from you!

Talk soon,

Mark and Pete Caspersen

We Stand Together

Compass CEO Robert Reffkin calls on companies to diversify boards. Further, Compass set up a pledge for agents to commit to allocating 15% of real estate vendor spend to Black professionals.

Click here to watch the full interview.