The Affordability Squeeze

The average home prices in San Diego County continue to go up putting a tight financial squeeze on prospective home buyers. The high housing costs also has a negative effect on sellers, forcing many would-be sellers to stay put in their current home. The majority of current home owners would like to move into a better home, but are not able to afford it even if they sold their current home. This dilemma is called the affordability squeeze. Thirty-five percent of home owners wanted to sell their home last year, but 64% of them are reluctant to sell because of the high cost of the home they want. With less homeowners willing or able to sell their current homes, the less more affordable homes there are available which contributes to keeping prices high and inventory low.

The Affordability Squeeze

This information is brought to you by:

Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® CalBRE# 00476662
Certified Distressed Property Agent

Sunshine Smith, SFR, Realtor® CalBRE# 01249837
Short Sale, Foreclosure Resource Certified

RE/MAX BY-THE-SEA

dennis@SanDiegoHomes4u.com
www.SanDiegoHomes4u.com
760-436-0087 or cell at 760-212-8225
Providing quality Real Estate services in the North Coastal San Diego area including Del Mar, Solana Beach, Rancho Santa Fe, Cardiff by the Sea, Encinitas, Leucadia, Olivenhain, Carlsbad, La Costa, Aviara, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido; all San Diego County.

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About Dennis Smith

Dennis Smith has written 263 post in this blog.

Dennis and Sunshine Smith are Realtors with RE/MAX BY-THE-SEA in the San Diego area. We have the Local Knowledge and Expertise by assisting buyers, sellers & investors in San Diego County since 1994. http://carlsbadLifestyles.com/

About Dennis Smith

Dennis and Sunshine Smith are Realtors with RE/MAX BY-THE-SEA in the San Diego area. We have the Local Knowledge and Expertise by assisting buyers, sellers & investors in San Diego County since 1994. http://carlsbadLifestyles.com/
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