Your one minute market update by Pasas Properties

City of San Diego downtown bikeway map
New bike and pedestrian friendly streets for downtown San Diego
July 7, 2016
Property Managers: be sure your insurance policies are up-to-date
July 21, 2016
Show all

Your one minute market update by Pasas Properties


Market Update by Pasas Properties:

U.S. stock markets have rebounded after losses when Britain announced it was leaving the E.U.  Markets don’t believe a Fed interest rate hike will happen this year.

The current labor market is strong, with a decrease in unemployment claims.  A strong labor market supports a strong housing market.

Mortgage applications were up 14% last week.  Many people are still refinancing, but there has also been a 23% increase in purchase applications year-over-year.

There is still a lack of housing inventory in many markets, but this does have the impact of driving home prices up.  Rental demand is also up across all segments of the market.

Comments are closed.