Is the market going to crash? My answer…
It should have, at least in my opinion it should have at the beginning of 2018. What saved us then was the business tax rate decreasing from 35% to 21%. It freed up a lot of money and kept the markets going. But now it is 2020, so…
If you are out of the area and own a property here…and have thought seriously about selling, then this is a good time to sell. If you live here in San Diego and own your home, it may be a good time to sell if you are moving out of the area or if you are intending to upgrade and buy another home.
…and February is the new Spring for both sellers and buyers, but Why?
With the over 1 Trillion dollars in student debt that is seeing alarmingly high defaults, as well as extremely high consumer and business debt, my outlook is that the stock market is bound to crash soon, September at the latest, which is usually closely followed by a real estate crash.
Sellers, this means you’ll want to sell now in order to sell for a higher price with less market time then in the Spring and avoid competition from other home sellers.
Buyers, this means you can buy now and get better deals due to lower competition from other buyers. Don’t deal with the same challenge that has happened in San Diego for the past 7 years with no end in site…that is the challenge of low inventory! Outsmart other home buyers and buy now with less competition.
Analysis for San Diego property sellers: SELL NOW as the high pries are a sure thing.
The Graph Below shows how ripe we are for a correction in the economy! But even if the economy slows prices won’t see as drastic of a drop compared to the last market correction!