San Diego housing market is currently shaped by 3 main factors:
• Insurance: A growing concern as many large insurers are pulling back on offering policies in California, affecting market dynamics.
• Interest Rates: Compared to a few years ago, higher interest rates are leading to increased mortgage payments, reducing affordability for buyers.
• Inventory: With homeowners hesitant to trade low mortgage rates for higher ones, inventory remains tight, complicating the search for suitable homes.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
