How will the election impact San Diego home prices

George Lorimer
Monday, October 14, 2024
How will the election impact San Diego home prices

Get an updated home value today:

 

Interestingly, prices went up in seven of the last eight elections. The only exception was the 2008/2009 financial crisis.

 

That means there's an 88% chance of home prices going up regardless of who wins.  See vlog.

 

This is valuable information if you're considering buying or selling and trying to determine the right time.

 

Although prices have technically been up since 2022, they remained relatively flat once the mortgage rates went up from 3% to almost 8%.

 

If you're considering selling, remember that it is a normal market where your home will sell if it looks nice, is priced right, and is marketed properly.

 

If you're considering buying, consider doing it now to settle before the buying season starts. It's no fun to buy when there's a frenzy like the one predicted for 2025.

 

If you'd like free information or to discuss whether it makes sense, call or text me for a quick chat. George Lorimer at 619-846-1244.

 

Find Unlisted and Off-Market Home

Get Multiple Cash Offers without listing

George Lorimer, ProWest Properties, DRE# 01146839, *Conditions apply


We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !

You agree to receive property info, updates, and other resources via email, phone and/or text message. Your wireless carrier may impose charges for messages received. You may withdraw consent anytime. We take your privacy seriously.

What You Should Know About Weeks Before Listing Your Home For Sale

11 High Cost Inspection Traps

Learn more

10 Secrets Every New Home Buyer Should Know

Buy a New Home or a Resale?

Learn more

Find out about the "Real Estate Catch-22", and how you can avoid major stress when selling your home.

Guaranteed Sale Program

Learn more
Real Estate Blog