Production is down 8.1% from a year ago, according to the U.S. Census Bureau, contributing to limited supply.
“You know, anytime we see inflation and rates rise like this, I think you'll get a little bit of seller fear going on,” Hunter said. Still, despite the fewer homes and the skyrocketing interest rates, Hunter said this can be a good time to buy a home. “Now we're seeing our buyers, you know, get their offers accepted, they don't have to compete with 20 other people and all-cash offers,” she said.“You're dating the rate, but you're marrying the house. So you'll be able to refinance,” Hunter said.
According to Realtor.com, the average price for a home in San Diego was $899,000 in September, up nearly 13% from last year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: