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.
Great info. What does this mean for the “under water” homeowner? Seems like they can sell but probably only move down the ladder due to loan underwriting.
Maybe now we have a new normal that is normal.
The underwaters are only motivated to sell if they plan to then rent only.
Those that prefer to own their house are realizing that if they can get out now, they won’t have much if any equity to put towards the next house. If it takes a year or two to save the down payment, and prices keep going, then they could end up paying more for less.
Might as well just stay put.
Or they can finally go home. I have two colleagues who have been trapped in their homes. They finally came back to the level where they could get out cleanly and move back to where they came from. They can go home to nicer homes on more land then they had here for half the price or less. It’s easy for us to think everyone wants to live or stay here. They don’t.