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MOVEMENT

  • Aug 12, 2022
  • 1 min read

“If everyone is moving forward together, then success takes care of itself.” – Henry Ford


Happy Friday, friends! The sizzling hot real estate market was cooled by interest rate hikes, however, we are seeing mortgage rates level and even come down a bit. As the market shifts, watch the Millennials buyers take over the scene who are still aggressively seeking to buy fabulous properties (Gen Y / Millennials 25-39 years old) and Gen Z on their heels (9 – 24 years old).


Although interest rates have cooled the chaos, there is still a lack of quality inventory and not enough new development in the highly coveted coastal regions. It will be interesting to see how the continued lack of inventory will affect prices moving forward. If anyone is going to the track this weekend send me a text, Tom and I will be there Saturday with the kids and we would love to see you!




 
 
 

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P: 619-508-5878 | E: kurtney@compass.com

1953 San Elijo Avenue, Cardiff, 92007 

© 2019-2024 by Kurtney Noonan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number [01527365]. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerages.

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