Expect Price Growth to Slow, Sales to Stay Flat as Mortgage Rates Approach
4% This Year
Despite a dearth of homes for sale and the typical monthly mortgage payment reaching a new high, homebuyers are eager to get their foot in the door before mortgage rates tick up further. Redfin economists expect the dynamics to shift around summertime, when still higher home prices and rates cause buyers to take a step back.
Home-price growth, which has been in the double digits since Summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast by Redfin economists. Home sales are expected to remain relatively flat throughout the year, similar to the small annual rate of change they have been posting since August due to the ongoing shortage of homes for sale. Redfin economists expect the 30-year fixed mortgage rate to continue to rise steadily to 3.9% over the course of the year. Read More
-Demand is still huge-
Detached Homes
$947,000
Price Up 18% Over Last Year (YTD)
628 Homes Sold
Down 13% YTD
719 Houses for Sale
Down 48% YTD
Attached Homes
$595,000
Price Up 11%

231 Homes Sold
Down 17%
182 Houses for Sale
Down 45%
Highest-Priced Home Sold
$17,000,000
Lowest-Price Home Sold
$59,000
-Who do you know, who is thinking of selling?-
1 in 4 First-Time Homebuyers Are Using Stimulus Money For Down Payment:
Redfin Survey
Learn about Accessory Dwelling Units
in California


What is an ADU?
An ADU is an accessory dwelling unit with complete independent living facilities for one or more persons and has a few variations:
• Detached: The unit is separated from the primary structure.
• Attached: The unit is attached to the primary structure.
• Converted Existing Space: Space (e.g., master bedroom, attached garage, storage area, or similar use, or an accessory structure) on the lot of the primary residence that is converted into an independent living unit.
• Junior Accessory Dwelling Unit (JADU): A specific type of conversion of existing space that is contained entirely within an existing or proposed single-family residence
A detached ADU must be ten feet away from the main residence and five feet away from any property lines.

A statewide exemption ADU is an ADU of up to 800 square feet, 16 feet in height, as potentially limited by a local agency, and with 4 feet side and rear yard setbacks. ADU law requires that no lot coverage, floor area ratio, open space, or minimum lot size will preclude the construction of a statewide exemption ADU

Can I add an ADU? Yes. Homeowners associations must allow ADUs and have a reasonable design review process. Property owners who encounter issues with their HOA are encouraged to contact the California Department of Housing and Community Development.
Permit Ready ADU Program
Permit-Ready Accessory Dwelling Unit (PRADU) Program
The PRADU Program encourages the construction of ADUs by offering property owners a selection of pre-approved ADU building plans that can be downloaded from this page. The permit-ready plans include customizable options to allow for variations in exterior materials and door and window fenestrations to express individual owners’ tastes and respect community character. The program assists property owners in creating ADUs by providing customizable plans, expediting the process, and reducing preconstruction fees. The program also helps the city meet strategic plan goals by providing diverse housing options throughout the city.
For a local Carlsbad Company call Cross Construction INC. 760-758-3639
-I by Work By Referral-

760-580-1696
nickyjohnsonsellshomes@gmail.com
DRE# 01955362