April 2020 Real Estate and Mortgage Trends, San Diego, California

Market Trends April 2020 – Coronavirus Impact on our Real Estate Markets

The spring market will slow as buyer sentiment drops due to the coronavirus spread. When spring is the most active time in real estate, buyers and sellers are cautious about listing their home or entering the market with so much uncertainty. Real estate agents and even loan officers are turning to the alternative to continue any new and active transactions. Virtual and 3D tours saw a spike as social-distancing mandates stricken.

Commercial, vacation rental, and investment real estate all suffer a decline. Working from home has become the new normal, tourism and travel has come to a halt. Investors question the volatile market e find more security in real estate investments.

Building sentiment is down after record highs. Construction starts drop as well. The good news is that construction can still continue, as 90 percent of single-family home building and 80 percent of apartment building takes place in ‘essential’ states.

Get EMAIL UPDATES

Recent Articles

Buyer’s Guide: Fall 2022

If you’re wondering if it’s the right time to buy a home, you should know you have an opportunity to grow your wealth, stabilize your expenses, and benefit from more options for your home search this fall.

Seller’s Guide: Fall 2022

There’s no denying the housing market is undergoing a shift this season, but that shift actually gives you some unique benefits when you sell. If you’re thinking about selling your house this season, let’s connect so you have the expert insights you need to make the best possible move today.

A Millennial’s Guide to Homeownership

This is a content-packed guide explaining the market’s current homeownership opportunities to a booming demographic that often finds itself stuck in the rental trap.

VA LOAN GUIDE

Contact

619-226-3234

todd@swansonlending.com

MortgageS

Resources

Pages

Todd Swanson: AZ-1043112, CA DRE Broker-1162260, CO-100509491, FL-L065948, HI-242366, MI-242366, MS-242366, OR-242366, TN-242366, TX-242366, WA-MLO-242366

AZ/CA/CO/FL/HI/MI/MS/OR/TN/TX/WA with VA/FHA Disclaimer

This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the Arizona Department of Real Estate, Broker # 0919209, California Department of Real Estate, Broker # 01821025; Colorado Division of Real Estate; Florida Office of Financial Regulations, OFR# MBR3519; Hawaii Department of Financial Institutions, Broker# HI-135622; Michigan Department of Insurance and Financial Services, DIFS# FL0023565, SR0023566; Mississippi Department of Banking and Consumer Finance; Oregon Division of Finance, DFR# ML-4917; Tennessee Department of Financial Institutions, DFI# 135622; Texas Department of Savings and Mortgage Lending, NMLS 135622; Washington Office Department of Financial Institutions, DFI# MB-135622; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of AZ, CA, CO, FL, HI, MI, MS, OR, TN, TX and WA. C2 Financial Corporation has the ability to broker VA loans based on their relationship with VA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA. Texas Complaint/Recovery Fund Notice: (https://www.sml.texas.gov/ResidentialMortgageLoanOriginator/rmlo_mb_forms.html)

Website by Sparkling Marketing, Inc.