The San Diego Real Estate Market

EZ qualification, stated income, nothing down and variable interest rate are all terms commonly heard within the San Diego real estate industry. Many believe that these terms have kept the hot San Diego real estate market thriving. As stories of quickly appreciating San Diego homes abound, the desire to get into the San Diego local housing market has escalated.

This desire to be within the San Diego local housing market is typical of any bull market, whether it is the housing market or stock market. There is now a huge increase in zero down and adjustable rate loans being pushed on poor credit risk borrowers and first time buyers in San Diego as well as move up buyers purchasing homes that otherwise are far beyond normal qualifying loan guidelines.

The majority of new San Diego adjustable loans have very low start rates for the first year or two, interest only payment terms, and are indexed to different interest rate indexes. These policies have kept the San Diego housing market on the rise.

Buying real estate in San Diego can be very expensive, so it’s important to carefully research all of your mortgage loan options before buying the San Diego home of your dreams. Speaking with a San Diego real estate agent can help you to find the type of loan that best fits your wants and needs.


Back to Articles