What San Diego Homebuyers need to know in 2022

Should you buy now or wait?
Call George Lorimer at 619-846-1244 and Start Packing!
 

I see two big reasons to wait to buy. 1. You can't afford the payment/can't get a loan. 2. You're not planning on staying here in San Diego for three years or more. If you had bought the average house last year of $931K, it would be worth $1.1 mill, $169K in equity in a year. Click here to look at homes

If San Diego is where you want to be long-term and you want to lock in low-interest rates, buy now.

Get your foot in the door, so you can start to realize appreciation, income tax savings, and equity from the loan buydown. The average net worth of a homeowner is 40X that of a renter. Renters is $6300, and it's $254,000 for homeowners. Free Buyer Report - Be Aware of 13 Exrtra Costs When Buying a Home
Note- The video says 13.5%, Zillow and Goldman Sachs predictions for 2022 were adjusted higher, 20.7% and 16%, respectively.  
Zillow Predicts Home prices will rise 20.7% in 2022

Goldman Sachs: Home prices will rise another 16% in ’22

Investment bank doesn't foresee big boost in inventory anytime soon
October 13, 2021, 10:41 am By Brooklee Han
Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022.


 

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