Rancho Penasquitos (PQ Real Estate)

DayLight Savings Time for some of us...... * Don't forget to set your clocks Forward this Sunday 03/11/2018 at 2:00 am in observance of Daylight Savings Time. * Unless of course, you are a resident of Arizona or Hawaii!... * Every hour in the US: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and Median Home Values go up $1.51 *See graph. This is Nationwide results

Happy New Year PQ (92129) HomeOwners! 2017 Home values ended strong as dose the start of 2018 Here are the stats for the week of 01-01-2018....... This Week:... The median list price this week is $859,000. Inventory has been tightening lately and the Market Action Index (AMI) has been trending up. Though Days-on-Market is increasing, these are mildly positive indications for the market. Price: While the median price hasn't moved much in the last few weeks, we are relatively close to the market's high-water mark. Watch for persistent downward shift in the MAI into the Buyer's Zone as a leading indicator of the price strength subsiding. Supply and Demand: Home sales continue to outstrip supply and the MAI has been moving higher for several weeks. This is a Seller's Market so watch for upward pricing in the near future if the trend continues. [email protected] This has been brought to you by The Powers Team. If this has been a benefit to you, please share this site with your family, friends and co-workers. Contact The Powers Team for Any and All of your Real Estate Needs: Ph #: 858-243-3699 eMail: [email protected] FB: SanDiegoFamilyHomes.com; ThePowersofRealEstate.com

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Some think the housing market is in a bubble, ready to crash at any time, but is it?

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