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The spring housing market has entered unchartered waters. The Federal Reserve issued a significant mortgage interest rate increase and in theory, rising mortgage rates should take some steam out of this hot housing market. Will the housing market maintain its explosive growth in the face of rising mortgage rates? Some forecast models predict the housing boom will continue well into 2023, while others forecast that increasing rates will cause significant cooling in the market. For now, there still isn't enough supply to match the demand. Even if higher rates price out some buyers, it wouldn't be enough to alleviate the difference in the lack of supply and the high demand in the immediate future. Contact us to discuss your unique home buying or selling situation. Read on for local events in April, real estate in the news, and discover lifestyle tips curated just for you! ~Layne & Rachel |
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Real Estate in the News |
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Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re also close to your friends and family. Or maybe you work in an industry that only exists in certain regions. Or maybe you just really love the school district your kids are in. But if the most important thing to you is cost, then read on to see what states were the cheapest and most expensive. |
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Local Events |
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Encinitas Spring Street Fair April 9th-10th At the Encinitas April Street Fair, enjoy unique food, five live music stages, children's rides, beer garden, and more than 450 vendors. More information found here. |
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37th Annual Spring Home/Garden Festival April 10th-12thNow in its 37th year, the Spring Home/Garden Show returns to Del Mar Fairgrounds for a three-day extravaganza of inspiring real "Garden Masters" landscapes (created exclusively for the Show), hands on demonstrations, hundreds of home-improvement products and services exhibitors, educational seminars, plant sales and face to face consultations with top experts - all with the convenience of one stop shopping for everything pertaining to home and garden, inside and outside. More information found here. |
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La Jolla Concours D'Elegance April 16th - April 18th Earning the reputation as one of the finest internationally renowned classic automobiles showcases in the United States, the La Jolla Concours d’Elegance continues to attract discerning car enthusiasts from around the globe. With such a rich history and ever-growing population of vehicles in the world, the La Jolla Concours has made it a standing tradition to select a marque each year to honor throughout the weekend of events. Tickets and information found here. |
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Taste of Liberty Station April 20th Liberty Station invites San Diegans to stroll and explore all its offerings at Taste of Liberty Station. Liberty Station businesses will open their doors for attendees to discover the variety of bites of Liberty Station’s eateries, live music and artisan goods in the storied corridors and artwork from the local galleries. Buy tickets here. |
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San Diego EarthFair April 24th The annual EarthFair in Balboa Park is the largest free annual environmental fair in the world. EarthFair 2022 will be the 31st Anniversary event! Each year, the EarthFair draws around 50,000 visitors looking for ways to live a more sustainable life and support a clean, healthy, and prosperous environment! More information found here. |
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Lifestyle Tips & Tricks |
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5 Places to Obtain Virtual Real Estate Data People spent over $500 million on virtual real estate assets in 2021, but until very recently, it hasn’t been easy to find the data necessary to make informed purchasing decisions. The situation was such that people often bought land uncertain of where it was even located. Sensing the need for better data, several companies have jumped in over the last year or so to try to fill the void. There are now a few places to obtain good information on the virtual real estate market! |
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Open Floor Plan: In or Out? Over the past few months, we've been noticing the rise in rooms, not just designated areas of a larger space, but sectioned off spaces complete with four walls. So, what gives? Is the open floor plan on its way out? Admittedly, it depends on who you ask. |
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Space Age Design Relaunches Whether you call them Space Age or Atomic Age, the homes built in the 1950s and 1960s represented a new wave of modern architecture inspired by space exploration and futuristic ideas. Architects and designers are gathering inspiration from advancements in space materials and technology. |
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