It's Making Me Nervous | Massive Problems In The San Diego Housing Market

Live in San Diego with Wesley Guest

In this podcast, I get real and talk about the real estate market and why it's making me nervous | massive problems in the Southern California housing market. More specifically, I get into examples from my own market here in San Diego. Most of the topics discussed in this video will apply to all of Southern California and the rest of the country to some degree.

I start off by talking about the skyrocketing home prices in residential real estate. I follow that up with explaining why it’s bad for home buyers, home sellers, and even homeowners. Then I get into the major issues causing the massive problems in real estate such as low housing inventory for sale, bidding wars, the shortage in new home construction, and forbearance and foreclosures.

We get onto great detail on what it’s like to be a home buyer right now, a home seller, and why home owners are not selling their homes this year.

I finish off the video with 4 essential real estate tips to help buyers and sellers navigate this market so they don’t run into any of the issues so many are facing right now success is achievable in this ultra-competitive market.

Here is the topic guide:

0:00 Intro

1:49 Low Inventory

1:57 Interest Rates

2:49 Path To Wealth

3:10 Multiple Offers

3:45 Brief Real Estate Stats Explanation

0:00 Path To Wealth

4:22 The Virus

4:40 Why Sellers Are Afraid To Sell

5:08 Getting An Offer Selected

6:09 Example Of The Cost Of A Bad Appraisal

7:44 Overpaying Or Buying A Home With Issues

8:23 New Construction Overview

9:10 Renting For Now And Waiting It Out

10:01 Mortgage Forbearance And Foreclosures

11:34 Getting A Solid Loan Approval / Lender

12:45 Sell You Real Estate First, Buy Second

13:22 Pick A Great Real Estate Agent

13:30 Most Important Tip Of All

13:30 Close Out And Summary

Alrighty, so that’s my take on the current market and what’s really happening out there. There are massive pitfalls you can step into if you are not careful and aware of exactly what is happening.

Thank you for listening!

📲 I have so many people contacting me who are moving within and to San Diego and I ABSOLUTELY love it! If you are moving within or relocating here to San Diego, myself and my team can make that transition so much easier on you!!

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Wesley Guest

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