ZOOM TOWN BOOM
Coined by NPR, "Zoom Towns" are described as "housing markets that are booming as remote work takes off." North San Diego County has definitely become a Zoom Town and our homes, communities, and lifestyle are in high demand.
Quality and safety have moved to the top of buyer's priority list and has placed our unique niche markets at the very epicenter of the luxury market’s high demand. A home has always been, and remains to be, much more than four walls and a roof.
The Federal Reserve’s Open Market Committee (FOMC) met this week, and to nobody’s surprise, left the funds rate unchanged at 0-.25%, which is effectively zero. The members’ official post-meeting policy statement said the Fed expects to leave interest rates near zero for years until the job market reaches what it sees as full employment “and inflation has risen to 2% and is on track to moderately exceed 2% for some time.” Economists are interpreting this to mean at least until the end of 2023.