5 San Diego Housing Predictions
for 2022 | 2023
by Scott Taylor 11/2/22
We cannot blame anybody for feeling a little bit nervous about the economy. The figures coming out in the last couple of weeks and months do not project much optimism. Some experts are beginning to predict a global recession that could start in 2022 and extend into 2023.

San Diego is an expensive place to live, and inflation and talks of economic downturns are sobering words to everyone. The housing industry is a central part of the San Diego economy, and some are worried about what the coming months may hold for us. We are looking at our crystal ball and examining what the present tells us about the future. We want to assure folks that everything is not all dark and gloomy. So, let’s see what some of the predictions are. All data mentioned in this article are as of this writing.

Here's a quick rundown of our list:
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How Much Did US Home Prices Actually Fall in July?
Thomas Malone
PROFESSIONAL, ECONOMIST
The types of homes sold shifted in July, which also pushed down the median sales price
Home price appreciation dropped in July for the first time since December 2018, ending a 40-month streak of growth. But depending on the statistic referenced, this decline could be considered either an extreme or minor correction.
One of the most widely-cited industry metrics for home price changes is the median sales price, which determines trends based on the midpoint of all houses sold in a given market. By contrast, repeat sales indexes, such as CoreLogic‘s Home Price Index (HPI) and the CoreLogic S&P Case-Shiller Index, measure appreciation based on the difference between the price of a home now versus its previous sale.
Repeat sales statistics more accurately measure appreciation, and July data demonstrates how using the median sales price can skew commentary and assumptions about real estate market trends.
It pays to have an experienced Realtor on your side!
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Don't wait to buy real estate, buy real estate and then wait!
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Prices may be dropping, but homes still have loads of equity
As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in Q3 2022, according to a new report from Attom.
BY DANIEL HOUSTON 11/2/2022
New markets require new approaches and new tactics. Experts and industry leaders will take the stage at Inman Connect New York in January to help you navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.
As happened during the Great Recession, home prices today are beginning to fall after experiencing an extended period of red-hot price gains.
But unlike those days, most homeowners have a trump card in hand: They’re still swimming in positive equity.
In fact, nearly half of U.S. residential properties with a mortgage in the third quarter of 2022 had equity that was greater than the remaining amount owed on their respective loans, according to a report Wednesday from Attom.
The real estate data provider found that nearly 49 percent of properties were “equity rich” by this standard last quarter. That represents a slight uptick from the previous quarter and a significantly higher share than in the same period in 2021 when 40 percent of homes were considered equity rich.
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Interior design trends 2022 – the 22 top looks that will shape the year
Tap into the biggest interior design trends 2022 to reinvent and refresh your home for the year ahead
It's been a long year, so we have good reason to rejoice when thinking of the interior design trends 2022 we love most. We take a look at the moods, movements and pieces that will shape interiors this year and beyond. 

From the growing importance of sustainable materials to elegant elements and a celebration of individuality and uniqueness, our interior design trend 2022 edit will provide you with a curated look that will bring your home into the New Year with sensational style.
INTERIOR DESIGN TRENDS 2022
With many people’s attitudes on life changing during 2021, and many wishing for a more joyous start to the new year, we take a look ahead at the interior design tips and interior design trends 2022 for the new year and beyond.

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If you are thinking of moving or have questions please call me. The market is changing so sooner the better.

If you are thinking of buying, the longer you wait the more it will cost you!
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