A white kitchen with a stove and a sink. The kitchen has stainless steel appliances and granite countertops.

The Market is Weird

Shelly O'Neil June 25, 2023

We are in a weird time.
 
Interest rates have jumped, then fallen, then risen again. Home sales have slumped, but inventory remains sparse — and home prices might even be rising again.
 
Inflation was under control until it wasn’t.
 
We’re not in a recession, though the chance of entering one in the next 12 months definitely isn’t zero. 
 
One truth is that none of us have ever seen a market quite like this one. 
 
And any hope we might have had that this period of ambiguity would come to an end sooner rather than later, seems now, well, just like that: a hope. 
 
The thing is though, Real Estate has been voted the best long-term investment for 11 consecutive years (Gallup). So, with all the changes we've seen over the last few years, we can at least be certain of that fact.
 
if you’re thinking about purchasing a home in this market let this fact reassure you. Even with everything happening today, we still recognize that owning a home is a powerful financial decision.
 

Let's Look at Current Market Stats:

Del Mar Statistics
 
Solana Beach Statistics
 
Encinitas Statistics
 
Poway Statistics
 
Rancho Bernardo Statistics

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A white kitchen with a stove and a sink. The kitchen has stainless steel appliances and granite countertops.
The Market is Weird

We’re not in a recession, though the chance of entering one in the next 12 months definitely isn’t zero. 

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The O'Neil Group
Shelly O'Neil | CA DRE# 01722794

 

(760) 223-2588

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