I was recently asked by LinkedIn: "What trends will shape the real estate market over the next six months?" I responded, "All I can speak on is what I believe we'll see over the next six months in San Diego, CA, where I live and work residential real estate with Big Block LPT Realty, San Diego's #1 Team". There are several key trends are likely to influence the real estate market:

Increasing Inventory: Home inventory may gradually continue to rise until mortgage rates decrease or the economy stabilizes, potentially easing some market pressures.

Interest Rate Fluctuations: Changes in mortgage rates, influenced by Federal Reserve policies, continue to impact affordability and buyer demand.

Remote Work Influence: The continued popularity of remote work could increase demand for homes with larger spaces or in suburban areas around San Diego.

Development and New Construction: Ongoing urban development and new housing projects may help alleviate some supply constraints, although they are feeling the buyer activity slowdown too. They are back to paying incentives to agents and they never do that when the market is hot - fair weathered friends.

Market Stabilization: After rapid price increases, there may be signs of stabilization or slower growth, depending on economic factors.

Shift Toward Sustainability: Increased interest in energy-efficient and eco-friendly homes may shape future listings and upgrades.

Ultimately, what truly drives any real estate market are the changes people experience in their Family, Occupation, Recreation, and Dreams — their F.O.R.D. When you boil it down even further, it’s all about the pains and pleasures of life. Whether it's low interest rates or high, a pandemic, a market crash, or a booming economy — some people will move regardless of the climate. Life’s natural shifts and evolving needs are what really cause people to pick up and make a move. That’s what moves markets; LIFE! For more information please contact Thomas for a no sales pressure, highly informative consultation designed for your needs and goals.