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Your search for your next home begins here. Whether you are ready to buy your first home, move-up, down-size, or purchase a vacation or investment property, you need to have access to all the up-to-date listings in the areas that interest you. The better educated you are about what is listed and selling in your market of interest, the easier your decision making will be.

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Relocation

Relocating is a very emotional and complex experience for all involved – you, a spouse or partner, kids, and pets. I’ve relocated a significant distance 4 times and understand all the issues you'll have to deal with. I can help you find your new home and then make a smooth transition. Drawing on my personal and professional experiences, I know lots of ways to help make your move easier, happier and successful! Ask me!!

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Success Stories

I am honored to have had the privilege to work with many wonderful buyers and sellers over the years and help them achieve their real estate goals – buying a beach house, relocating from across the country, buying a first house, selling a parent’s home. Each client and situation is unique, and I’m pleased to share some of their comments on the enjoyable, and important, work we did together so you'll have the confidence in how I can assist you!

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What makes Carlsbad such a wonderful place to live?

Great question, with an easy answer - terrific weather year-round, great schools, a vibrant arts community, abundant shopping and dining, tons of recreational opportunities, a broad range of housing options, and certainly our 7 miles of beautiful beaches. And of course I can tell you about other nearby North San Diego County communities, too!

Call Jeff at (760) 840-1360 to learn more!

News, Reviews, Events and so much more...

Market reports
January 13, 2021

What’s Ahead in 2021 for Home Values?

What Does 2021 Have in Store for Home Values?

What Does 2021 Have in Store for Home Values? | MyKCM

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained:

“Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes on the market.

While the pandemic left many in positions of financial insecurity, those who maintained employment and income stability are also incentivized to buy given the record-low mortgage rates available; this is increasing buyer demand while for-sale inventory is in short supply.”

Where will home values go in 2021?

Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase.

Housing Supply

According to the National Association of Realtors (NAR), the current number of single-family homes for sale is 1,080,000. At the same time last year, that number stood at 1,450,000. We are entering 2021 with approximately 370,000 fewer homes for sale than there were one year ago.

However, there is some speculation that the inventory crush will ease somewhat as we move through the new year for two reasons:

1. As the health crisis eases, more homeowners will be comfortable putting their houses on the market.

2. Some households impacted financially by the pandemic will be forced to sell.

Housing Demand

Low mortgage rates have driven buyer demand over the last twelve months. According to Freddie Mac, rates stood at 3.72% at the beginning of 2020. Today, we’re starting 2021 with rates one full percentage point lower than that. Low rates create a great opportunity for homebuyers, which is one reason why demand is expected to remain high throughout the new year.

What Does 2021 Have in Store for Home Values? | MyKCM

Taking into consideration these projections on housing supply and demand, real estate analysts forecast homes will continue to appreciate in 2021, but that appreciation may be at a steadier pace than last year. Here are their forecasts:

Bottom Line

There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of “supply and demand” mandates that home values in the country will continue to appreciate.

NOTE – This article was reprinted with permission from Keeping Current Matters.

Stay tuned for more updates on the LOCAL market conditions in Carlsbad and surrounding North County communities. I am happy to answer your questions about the housing market in your area of North County and what this means for any buying and selling decisions you wish to make. At this time low inventory, rising prices, and buyer competition should continue to have an influence.