San Diego Real Estate Newsletter: August 2020

(Last Updated On: March 17, 2023)

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

Real Estate in the News

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.

Local Happenings

10 Benefits of Virtual Home Tours

Caspersen Brothers’ Blog

In today’s climate, we’re seeing almost everything move to virtual. While this has definitely been an adjustment, there are certainly positives to this current way of life. Check out our recent blog post that breaks down ten reasons holding virtual home tours can actually aid you when selling your house.

7 Dog-Friendly San Diego Hikes For You and the Family

Read here for 7 dog-friendly hikes you and the family can go on this weekend to have some outdoor fun!

Lifestyle Tips & Tricks

9 Summer Color Trends to Inspire you this Season

From lush greens to deep blues colors, these rich shades will amp up any space, especially when contrasted with lighter shades. Check out the full list of color choices that Elle Decor compiled featuring some trends that are defining the design industry this season.

23 of the Most Beautiful U.S.

National Parks

You don’t have to travel out of the United States for sights that will take your breath away. In the United States, we are surrounded by so many majestic and awe-inspiring natural wonders. Read Elle Decor’s list of top national parks you should visit at least once in your lifetime.

15 Impossible-to-Kill Outdoor Plants

As summer continues to heat up, it’s hard not to admire the yards and gardens around town that are filled with greenery and colorful blooms. If you’ve always assumed that your yard was too dry, too shady, or that the soil was too sandy—guess again. Real Simple has compiled a list of show-stopping plants to add to your curb appeal.