ON THE

HOUSE

03.08.24

The Nations Hottest Housing Markets

While I am currently going through Instagram pains (please
follow my new account, my previous page was compromised!) I wanted to share with you a Stanford Graduate School of Business podcast about the power of personal branding. Doesn’t matter what industry you work in, do not let these opportunities slip by you!

I'm James Carmody

Today, Im Covering the following topics:

The Nation's Hottest Housing Market

Quick Facts on the San Diego Housing Market

Video: 3 Things To Know About HELOC

If you'd like to get in touch with James Carmody, visit his website here

Video of
the Week

Learn more here

In our post-pandemic world, figuring out home prices has become a real brain teaser. Contradicting predictions between government and private sector data leaves us all scratching our heads as to what the future holds for inflation, rates, home prices, etc.

There’s no easy answer yet, but be sure to follow along with Synergy One Lending to stay up to date.

Home Prices and Inflation

Industry Insights

The Nation's Hottest Housing Market Is...

Hottest housing market in all the nation? Apparently it’s Boston, Massachusetts to stay up to date. As of Feb. 16, 2024, the metro area had 1,753 active single-family listings, which is one of the lead factors in Boston’s competitive market. During the same week in 2020, just prior to the onset of the COVID-19 pandemic, there were 4,537 active single-family listings in the area.

According to Chip Stella, the director of brokerage at New England based LandVest, “We do expect more inventory around April 1st, but I feel like some savvy sellers have already gotten to the market”… “We saw some really great quality inventory come on in January and I joked with some agents that maybe spring now starts in February.”

My advice to all sellers and buyers this spring season? Get preapproved and know your worth now before the mob comes through!

San Diego Housing Market

Quick Facts

Let’s talk about these stats about San Diego, California (from Redfin.com):

Homes in San Diego receive 5 offers on average and sell in around 27 days
In January 2024, San Diego home prices were up 15.2% compared to last year, selling for a median price of $909K
The median sale price per square foot in San Diego is $691, up 14.1% since last year
San Diego scored an 82 out of 100 on the Redfin Compete Score, which ranks among the most competitive in all of California

If you’re in the real estate business in San Diego, let me know what you think. Does this data line up with what you’re experiencing?

Video

70 Characters Maximum

HELOC: It’s a big trend in the home financing world these days. So if you’re a homeowner, here’s a quick run-down of what you need to know!

What’s a HELOC? It’s a home equity line of credit that allows you to access the equity in your home. If you’re a homeowner with good credit, it’s a great option if you are in need of a large sum of cash.
How to get it? Honestly, unlocking your home equity is way faster than you’d expect. Visit synergyoneheloc.com to apply in minutes!
What can you do with it? LOTS. Pay off debt, fund a home renovation, use for college tuition, travel expenses, or even invest in your first rental property! The possibilities are limitless.

Watch the full video HERE!