January 2020 – National Market Update

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Buyer’s purchasing power is increasing across the nation. That’s great for buyers because it means it’s easier to purchase a home and it’s also great for sellers because it means buyers can qualify for more money. Hi I’m Cristobal Jimenez, with Coldwell Banker. Helping buyers and sellers right here in San Diego County buy and sell their perfect home.

Recently,  First American did a report showing that home prices are up by +5.7 percent which would have a negative effect on buyers purchasing power, roughly $21,300, however, Mortgage rates are down .85% which actually means a buyer purchasing power would go up by $40,200. Also, wages are up by 1.5%.  So if you take all of these numbers into consideration that means that a buyer’s purchasing power is  actually up by $24,500.  

This is great news, but some people are still feeling a little nervous about buying or selling because of all of the talk of the recession.  While we know that a recession is coming, check out the study from Porch.com which shows that Americans choose Real Estate as the safest investment even over a savings account, gold or stocks and bonds.  And don’t forget rental prices continue to go up and owning a home has substantial tax benefits,  so reach out to me and I’ll help you buy your dream home or sell and get you a new one.

Let’s Buy and Sell Strategically! #CallCristobal now!

Author: IntegrityRealEstateGroup

Multicultural and bilingual, Cristobal brings a unique outlook as a resource to the San Diego County Real Estate Market. Cristobal is passionate about educating & providing options people don’t know they have. Cristobal is dedicated to integrity and professionalism from beginning to end with the primary goal to assist, educate and add value in any way that he can. Cristobal embodies perseverance, tenacity, discipline, systems and negotiation skills. He enjoys helping individuals and families needing to buy a home or sell a property. Cristobal’s upbringing and training are responsible for the discipline, attention to detail and follow-through he brings to his work. He has earned a Bachelor’s degree in Electronics Systems Engineering. His professional experience includes problem-solving as a senior consultant for translational enterprises. Moving to San Diego county area, Cristobal knew that it was time for him to pursue his lifelong dream and join the real estate industry. Cristobal is able to exercise his superior observational and organizational skills while completing every transaction with sensitivity to his clients’ needs and goals. Cristobal’s mantra, how you do anything is how you do everything, he strongly believes is the key to long-term relationships

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