When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking. Mortgage lending standards are appropriate, new construction is below what is necessary. Home prices will continue to rise amidst strong demand.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Nationally, housing inventory dropped to its lowest level on record in 2017 Q1.
Watch this video to find out about San Diego Real Estate Market January – April 2017, see how low the housing inventory is in San Diego, and the prediction of a few industry experts on next year.