San Diego has long been the sought-after community for work and family and our housing prices reflect that. In 2019 the average price of a home in San Diego was $670,000 before it climbed dramatically over the last two years to $870,000. Low-interest rates and millennials helped to increase housing demand and decrease the time for a home to sell from more than three weeks to just over 1 week.

Ian Anderson takes a closer look at the San Diego Housing numbers, statistics, and facts in the following article:  “Let’s Talk San Diego Housing Prices”

BHGRE Clarity’s response:

Ian Anderson writes a solid article with relevant, unbiased information and statistics. He gives additional insights regarding real estate trends. 

The same trends Anderson addresses are present in the Southbay, as many out-of-town buyers are coming from San Francisco with larger budgets. A low number of homes are currently for sale, but increased inventory is anticipated this spring and higher interest rates may help to stabilize rising home prices. Real estate continues to be one of the most effective hedges against inflation.

Peter Carlseen, Broker

This month we celebrate the opportunity to own a home by sharing valuable information,
resources, and events with all Americans. The Fair Housing Act, adopted in 1968, established the right of
every person, no matter their race, gender, or occupation, to own a home.

The NAR – National Association of Realtors®, has been sharing valuable information this month
through their website, nar.realtor/fair-housing. Podcasts, short videos, events, and graphics teach all of
us that there are still ways to improve. We all share the responsibility to reduce racism and broaden
homeownership opportunities.

According to a 2022 report conducted by the NAR and Morning Consult to potential homebuyers, the
main obstacle to obtaining a home was the lack of affordable housing in the current market. This study
showed that the lack of properties within the criteria of White, Hispanic, Black, and Asian homebuyers
was among the top 3 difficulties they were facing.
The second highest difficulty differed among various ethnic groups. Blacks cited the lack of credit or
credit issues. Latinos mentioned the difficulty of saving for a down payment. Fair Housing Month can
bring homeownership issues to the forefront and help us improve opportunities for all.

For more information, visit https://www.nar.realtor/fair-housing/fair-housing-month.

Source: “2022 Obstacles to Home Buying,” National Association of REALTORS® (April 12, 2022)

Disclaimer: The image above was downloaded from https://www.nar.realtor.com, we do not own the rights.