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Recession and Expansion

There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and….

…They buy houses.

Then, for one reason or another, the economy slows down. Companies lay off employees and consumers are more careful about where they spend money, perhaps saving more than usual. As a result, the economy decelerates even further. If it slows enough, we have a recession.

During such a time, fewer people are buying homes. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.

In the business cycle of real estate, there are buyers' markets and sellers' markets...and some markets in between.  It is all based on supply and/or demand.

Buying a home is probably the most important investments you'll make. Don't leave it to chance. Review our buyer resources below and then contact us for a better understanding of the local market and homes for sale in the area.

We recommend that you get familiar with the Local Area by taking a look at the current properties available on the San Diego Multiple Listing Service (MLS).