A major lawsuit could upend real estate transactions depending on what kind of buyer you are. Builders are stepping up to the plate again in the middle of insurers fleeing California and the Fed toying with markets.
Recently, President Biden Floated the idea of providing a $10,000 tax credit to “First Time Homebuyers,” but is this a solution that can really work, or is it a timely attempt pre-election to address the growing affordability challenge buyers face in the tight market? As listings grow and more inventory makes its way onto the market, home buyers find themselves still needing to make MORE MONEY to qualify in 2024. As price appreciation continues to be a great friend to homeowners who’ve held onto their property(ies), it may be no friend when it comes to those still aspiring to achieve the dream of homeownership.
We’re not even in the full swing of Spring yet and ALREADY the real estate market is heating up. Inventory began surging in some parts of the country, mortgage demand confirms BUYERS are ready to get into homes. All this adds up to Sentiment hitting levels not seen since March 2022!
A recent industry article came out specifically about the San Diego real estate market and just how tight it REALLY is. This goes hand-in-hand with the newest National Median Down payment data release and the major obstacles facing aspiring homeowners in 2024. We know there’s no easy way out of the current set of conditions, but we’re going to do our best, we’re going to bring solutions to the table, and we’ll encourage our clients and partnerships along the way!