As we head into what is traditionally the start of the home buying season we are faced with a highly competitive market, shaped primarily by lack of inventory. Active listings throughout California fell an average of 52% in February as compared to one year ago. The market was also driven by lower interest rates. In February of this year a 30-year fixed mortgage was 2.81% compared to February 2020’s rate of 3.47%.

The lower rates mean that people can afford to pay more, which they have to if...

I don’t know about you, but I can barely wrap my head around the idea of making some plastic trinket with 3-D printing, much less turning out a whole home! But it’s happening. The country’s first 15 home Community of 3-D printed homes will be built in Rancho Mirage, CA and are scheduled for completion by next spring.

The project is a collaboration between Beverly Hills green homes developer Palari and Oakland based housing technology company Mighty Buildings. According to the LA...

In September 2019, my husband and I made a decision to buy a cabin in the picturesque mountain village of Idyllwild, CA, about a 2 hour drive from our home in San Diego. We wanted a special getaway we could share with our grown children and grandkids. But we also knew that in order to afford it, we would need to rent it out as a vacation rental. And so began our adventure…

It’s been a bit over a year since we closed escrow. Within a month of closing, the Pandemic hit and vacation rentals...

This past spring was rough in the world of San Diego real estate, as it was for most every industry. Many homeowners yanked their homes off the market or decided not to list amid fears of COVID 19 coming into their homes on someone’s shoes or fingers. And buyers pulled back as well, equally fearful of walking into a virus laden environment.

But life goes on and real estate was recognized as an essential service. The California Association of Realtors responded with a list of guidelines and a...

A month ago, I described the San Diego real estate market as paralyzed. Today, as we all adjust to the “new norm”, we are beginning to see some signs of life and increased activity among both buyers and sellers which has led many brokers to be cautiously optimistic about the summer buying season.

Fears for personal safety and contracting or spreading the virus are of course at the top of the list for both buyers and sellers.  The real estate industry has responded in a number...

As the days crawl by and we battle our way through COVID-19, those of us who are physically untouched can be thankful for our health.  But at the same time we are all standing on a dangerous economic beach watching the sand recede between our toes.

The jobless rate is estimated to be the highest since the Great Depression, around 13% and rising rapidly. This impacts us all.  Whether you are a salaried employee, hourly, independent contractor or small business owner, the chances are you are...

If I had to characterize the currentSan Diegoreal estate market I would describe it as “Paralyzed”.  No one knows when this pandemic will end nor can they predict the long-term economic consequences with any certainty.  There is just too much happening around us that we can’t control. All of which makes the huge financial decision of buying or selling a home downright terrifying.

However, there are a few things to keep in mind that might shed some positive light on our...

Welcome to the start of the home buying season! You’ve just listed your home for sale, or you’re shopping for a home and bang!  You turn around and you’re in the middle of a pandemic!

What to do? Do you postpone your search or take your home off the market? Depending on your circumstances that might not be necessary or an option. Here at Steele Group Realty, we will continue to provide support to our clients and community through this trying time.

With that in mind, here are...

Historically, as we move into the holiday season the real estate market tends to slow down.  With all the excitement and busyness of the holidays the added stress of buying or selling a home is just too much for some people.  But there are a few factors that just might make a difference in 2019.

First, just a quick snapshot of what’s happening inSan Diego.  Basically our real estate market is stable.  If we look at this last September and compare it to 2018 we see that prices...

For those of us in the real estate biz, the mere mention of the word “recession” conjures up nightmarish reminders of overgrown lawns and boarded-up windows, foreclosures and short sales. Unfortunately, many economists believe that a recession is on the way between now and 2021, with most targeting 2020. It seems like we’ve barely recovered…would a new recessionary period be as devastating? 

On the positive side…

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