Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.
A rate increase to 6% from 5% raises a buyer’s monthly payment by 11.6%. But if wages grow by 5% between mid-2022 and mid-2023, and asking prices are down by 10% versus the peak, affordability is better than it was in April 2022.
We’ll have to continue tracking the data, but pulling together the monthly payments buyers are still committing to, the real-time shift in activity tied to easing mortgage rates and recent commentary from homebuilders, even a 6% mortgage rate early next year might be all it takes to restore some balance to the housing market, contrary to the more negative scenarios favored by some.
https://www.bloomberg.com/opinion/articles/2022-12-20/housing-market-doesn-t-need-much-for-buyers-to-return