The median price in San Diego County for a home sold during the month of December 2013 was $420,000 compared to $419,000 for the previous month of November. The median for December 2012 was $361,000 for an increase over last year of 16%.
Mortgage interest rates for a 30-year fixed loan for a borrower with good credit are at approximately 4.5%. The Fed is starting to gradually scale back it's bond buying stimulus, so rates should begin to rise.
Buyers looking to purchase in the near future may want to do so now before rates go up further. Let me know if I can provide a list of homes for sale in the areas where you may be interested in buying.
Kimball Vincent
San Diego Gay Realtor
San Diego Gay Realtor
