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        <title>HomesInSDCounty - Big Block Realty - LPT</title>
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        <description>HomesInSDCounty | San Diego &amp; Riverside County Real Estate Experts – Brad &amp; Karen Mattonen</description>
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	<title>mortgagerates &#8211; HomesInSDCounty &#8211; Big Block Realty &#8211; LPT</title>
	<link>https://bmattonen-houses-32.eapsites02.com</link>
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                    <item>
                <title>California Expands ADU Options Again | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-expands-adu-options-again-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-expands-adu-options-again-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Are you looking to maximize your property&#8217;s potential, create rental income, or set up multi-generational living? New legislation is making...]]>
                </description>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>We had opportunity to have worked together in the past and enjoyed working with Brad he is in touch.</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/we-had-opportunity-to-have-worked-together-in-the-past-and-enjoyed-working-with-brad-he-is-in-touch-3/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/we-had-opportunity-to-have-worked-together-in-the-past-and-enjoyed-working-with-brad-he-is-in-touch-3/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #SanDiegoRealEstate #MortgageRates #RealEstateTrends #HousingMarket #AgentLife #SanDiegoHomes #SanDiegoRealtor #SDHomeSales...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Downsize, Reclaim Your Space</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/downsize-reclaim-your-space/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/downsize-reclaim-your-space/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #SanDiegoRealEstate #MortgageRates #RealEstateTrends #HousingMarket #AgentLife #SanDiegoHomes #SanDiegoRealtor #SDHomeSales...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Happy Halloween</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/happy-halloween-2/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/happy-halloween-2/</guid>
                <description>
                    <![CDATA[#CaliforniaRealEstate #SanDiegoRealEstate #MortgageRates #RealEstateTrends #HousingMarket #AgentLife #SanDiegoHomes #SanDiegoRealtor #SDHomeSales #SanDiegoNeighborhoods]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California Homeowners Gain More Protection | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-gain-more-protection-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-gain-more-protection-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Stay informed on the latest legislative updates affecting property owners across the state. Knowing your rights helps you make smart,...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Did mortgage rates just peak or is this some bond market madness?</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/did-mortgage-rates-just-peak-or-is-this-some-bond-market-madness/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/did-mortgage-rates-just-peak-or-is-this-some-bond-market-madness/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #SanDiegoHomes #SanDiegoRealtor]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Real Estate Hopes For Buyer, Seller Clients Sharply Diverge: Analysis</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/real-estate-hopes-for-buyer-seller-clients-sharply-diverge-analysis/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/real-estate-hopes-for-buyer-seller-clients-sharply-diverge-analysis/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #SanDiegoHomes #SanDiegoRealtor]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>The Housing Market Is Getting More Expensive to Wait Out | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/the-housing-market-is-getting-more-expensive-to-wait-out-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/the-housing-market-is-getting-more-expensive-to-wait-out-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Waiting for the &#8220;perfect&#8221; moment in real estate can cost you more than you think. 📉 As inventory shifts and...]]>
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                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California Retirement Costs Demand Careful Planning | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-retirement-costs-demand-careful-planning-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-retirement-costs-demand-careful-planning-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Planning for retirement in California requires a smart strategy—especially when managing property taxes, housing costs, and long-term equity. As Transition...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California Homeowners Insurance Platform Expands | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-insurance-platform-expands-brad-karen-mattonen-2/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-insurance-platform-expands-brad-karen-mattonen-2/</guid>
                <description>
                    <![CDATA[avigating home insurance in California can feel overwhelming, but exciting new developments are expanding coverage options and platforms for home...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>TEST VIDEO: 3 Smart Tips for First-Time Home Buyers in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/test-video-3-smart-tips-for-first-time-home-buyers-in-san-diego/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/test-video-3-smart-tips-for-first-time-home-buyers-in-san-diego/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #SanDiegoHomes #SanDiegoRealtor]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Temecula &amp;#8211; Most Expensive Homes of September 2026 | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/temecula-most-expensive-homes-of-september-2026-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/temecula-most-expensive-homes-of-september-2026-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Southern California luxury real estate! The September 2026 market roundup highlights Temecula&#8217;s most exclusive high-end properties, featuring sprawling estates, panoramic...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>This Monthly Home Maintenance Task List Will Prevent Repairs Down the Road</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/this-monthly-home-maintenance-task-list-will-prevent-repairs-down-the-road/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/this-monthly-home-maintenance-task-list-will-prevent-repairs-down-the-road/</guid>
                <description>
                    <![CDATA[Staying ahead of minor home maintenance tasks is the absolute best way to protect your property&#8217;s value and avoid costly...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>US home price growth inches up</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-home-price-growth-inches-up/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-home-price-growth-inches-up/</guid>
                <description>
                    <![CDATA[The U.S. housing market is showing conflicting signals as we navigate the changing landscape. While single-family home prices posted a...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California law adds new compliance layer for rental property owners</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-law-adds-new-compliance-layer-for-rental-property-owners/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-law-adds-new-compliance-layer-for-rental-property-owners/</guid>
                <description>
                    <![CDATA[California&#8217;s rental landscape is shifting with the signing of SB 1296, the Pet Policy Transparency Act. Starting April 1, 2027,...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>San Diego Prices Are Sending Mixed Signals</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-prices-are-sending-mixed-signals/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-prices-are-sending-mixed-signals/</guid>
                <description>
                    <![CDATA[The local housing market is telling two different stories right now. While closed prices continue to climb—with the September median...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>US Law Limits Large Housing Investors | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-law-limits-large-housing-investors-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-law-limits-large-housing-investors-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[New legislative proposals are looking to reshape the housing market by placing limits on large institutional investors. As institutional buyers...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>U.S. Active Listings Rise 5.6% | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/u-s-active-listings-rise-5-6-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/u-s-active-listings-rise-5-6-brad-karen-mattonen/</guid>
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                    <![CDATA[Inventory is shifting across the housing market as U.S. active home listings climb by 5.6%. This notable uptick in available...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>SourceRE&amp;#8217;s AI Connector Aims To Put MLSs Ahead Of Portals</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/sourceres-ai-connector-aims-to-put-mlss-ahead-of-portals/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/sourceres-ai-connector-aims-to-put-mlss-ahead-of-portals/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home #SanDiegoHomes #SDLiving #SanDiegoRealtor #SDProperty...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Honoring the Significance of Indigenous Day</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/honoring-the-significance-of-indigenous-day-2/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/honoring-the-significance-of-indigenous-day-2/</guid>
                <description>
                    <![CDATA[#CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home #SanDiegoHomes #SDLiving #SanDiegoRealtor #SDProperty #SanDiegoLife]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>San Diego County Homeowners Report Greater Financial Satisfaction</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/homeowners-report-greater-financial-satisfaction/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/homeowners-report-greater-financial-satisfaction/</guid>
                <description>
                    <![CDATA[In the vibrant San Diego County real estate market, homeowners are reporting greater financial satisfaction. This trend highlights the significant...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>My Amazing Experience Buying a Home in San Diego County</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/i-had-an-amazing-experience-working-with-homes-in-san-diego-county/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/i-had-an-amazing-experience-working-with-homes-in-san-diego-county/</guid>
                <description>
                    <![CDATA[Embarking on the journey to buy a home in San Diego County is a significant milestone, and having the right...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>New Homes Offer Superior Value: Why Buyers Are Choosing Construction Nationwide</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/new-homes-offer-better-value-nationwide/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/new-homes-offer-better-value-nationwide/</guid>
                <description>
                    <![CDATA[Why New Homes Provide Better Value Nationwide in 2024 In today&#8217;s dynamic real estate market, new home construction is increasingly...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California&amp;#8217;s New Housing Fee Transparency: What San Diego Buyers and Sellers Need to Know</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-housing-fees-face-new-transparency-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-housing-fees-face-new-transparency-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[California&#8217;s New Housing Fee Transparency: What San Diego Buyers and Sellers Need to Know California is taking a significant step...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>San Diego County Housing Affordability: Steady Market Insights for 2024</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-ca-affordability-steady/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-ca-affordability-steady/</guid>
                <description>
                    <![CDATA[San Diego County housing affordability remains steady. Join Brad &amp; Karen Mattonen as they analyze current real estate market trends, inventory metrics, and key insights for buyers and sellers across San Diego County.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                                                    <media:content medium="image" url="https://s3.amazonaws.com/eap02files.easyagentpro.com/wp-content/uploads/sites/997/2026/10/06150536/san-diego-market-updat-affordability-is-steady.jpg"></media:content>
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                <title>San Diego Real Estate: Local Judgment Outperforms Data When Buying a Home</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/when-data-is-everywhere-local-judgment-becomes-the-product/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/when-data-is-everywhere-local-judgment-becomes-the-product/</guid>
                <description>
                    <![CDATA[In a market saturated with real estate data, raw numbers only tell part of the story. Discover why localized expert judgment is essential for making smart home buying decisions across San Diego County with Brad &amp; Karen Mattonen.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California Rent Cap AB 1482: What It Means for San Diego &amp;amp; Riverside County Tenants</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-rent-hikes-capped-under-ab-1482/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-rent-hikes-capped-under-ab-1482/</guid>
                <description>
                    <![CDATA[Understanding California&#8217;s Tenant Protection Act (AB 1482) California&#8217;s Tenant Protection Act (AB 1482) significantly impacts rental rates for many tenants...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Southern California Seller Relief: Navigating Market Shifts and Opportunities</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/southern-california-seller-relief-gains-momentum/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/southern-california-seller-relief-gains-momentum/</guid>
                <description>
                    <![CDATA[Low housing inventory across San Diego and Riverside Counties has long been driven by the "lock-in" effect—where homeowners hesitate to list due to low mortgage rates and capital gains tax concerns. However, emerging Southern California seller relief measures, expanded tax exemption proposals, and Prop 19 tax base transfers are creating new opportunities for homeowners to move. Whether you are navigating senior rightsizing in a 55+ community, managing an inherited probate property, or seeking to maximize your sale price, strategic planning is essential. At HomesInSDCounty, Brad &amp; Karen Mattonen provide data-driven technical expertise to help you unlock home equity and make confident real estate transitions.
]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<!-- wp:spacer {"height":"13px"} -->
<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>California Law Could Add 700,000 Homes</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-law-could-add-700000-homes/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-law-could-add-700000-homes/</guid>
                <description>
                    <![CDATA[The ongoing challenge of housing supply in California often comes up in conversations with our clients, especially those navigating transitions...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
<!-- /wp:table -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"13px"} -->
<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California&amp;#8217;s Down Payment Wait: 14.7 Years</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-down-payment-wait-14-7-years/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-down-payment-wait-14-7-years/</guid>
                <description>
                    <![CDATA[The path to homeownership in California is more challenging than ever: it now takes the average household 14.7 years to...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Will First-Time Homebuyers Revitalize California&amp;#8217;s Homeownership Rate?</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/will-first-time-homebuyers-save-californias-homeownership-rate/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/will-first-time-homebuyers-save-californias-homeownership-rate/</guid>
                <description>
                    <![CDATA[California’s homeownership rate has experienced a notable shift, currently holding at approximately 54.3%. For many aspiring buyers across San Diego and Riverside Counties, rising interest rates, student debt, and inventory constraints present real hurdles—yet strategic opportunity remains strong. By leveraging smart equity preservation strategies, senior Prop 19 tax base transfers, and specialized probate or inherited property planning, buyers and sellers alike can navigate changing market conditions with clarity. At HomesInSDCounty, we bring data-driven technical expertise to help you protect your home equity and make confident, well-informed real estate decisions.]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[featured_posts]
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                <title>I recommended this agent to a buyer of mine and my client is extremely happy with the match. The fir</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/i-recommended-this-agent-to-a-buyer-of-mine-and-my-client-is-extremely-happy-with-the-match-the-fir-4/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/i-recommended-this-agent-to-a-buyer-of-mine-and-my-client-is-extremely-happy-with-the-match-the-fir-4/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Southern California Renters Enjoy Free Months and More Leverage</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/southern-california-renters-enjoy-free-months-and-more-leverage/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/southern-california-renters-enjoy-free-months-and-more-leverage/</guid>
                <description>
                    <![CDATA[In Southern California’s current rental landscape, tenants are finding themselves with more leverage than we’ve seen in years. Rents have...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>New Metrics Highlight Opportunities for California Homeownership Growth</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/new-metrics-highlight-opportunities-for-california-homeownership-growth/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/new-metrics-highlight-opportunities-for-california-homeownership-growth/</guid>
                <description>
                    <![CDATA[With California homeownership dipping to 41% under new adult-focused metrics, understanding the true dynamics of local real estate is more crucial than ever. For families and homeowners across San Diego and Riverside Counties, these numbers reflect rising affordability challenges—but they also highlight immense opportunities to protect equity and build generational wealth. Whether you are navigating an inherited probate property, planning a Prop 19 tax basis transfer for senior rightsizing, or looking to maximize value on your home sale, strategic planning makes all the difference. At HomesInSDCounty, we bring data-driven technical expertise to guide you through complex real estate moves with confidence.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California: Prop 37 $25B Down Payment Loans</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-prop-37-25b-down-payment-loans/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-prop-37-25b-down-payment-loans/</guid>
                <description>
                    <![CDATA[California is considering a bold step: Proposition 37 could unlock $25 billion in bond-backed loans to help residents with up...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Southern California Rent Trends: Only 22% of Cities Saw Increases in Early Q3</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/southern-california-rent-rose-in-just-22-of-cities/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/southern-california-rent-rose-in-just-22-of-cities/</guid>
                <description>
                    <![CDATA[In early Q3, a striking 78% of Southern California cities experienced declining or stagnant rental prices, with only 22% seeing...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California&amp;#8217;s Shifting Population: Real Estate Opportunities in San Diego &amp;amp; Riverside</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-dynamic-population-trends-highlight-new-opportunities/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-dynamic-population-trends-highlight-new-opportunities/</guid>
                <description>
                    <![CDATA[Understanding California&#8217;s Population Shifts for Real Estate Success Recent data reveals California experienced a slight population dip of 0.02%, equating...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>San Diego County Market Update</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-market-update-12/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-market-update-12/</guid>
                <description>
                    <![CDATA[#CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>California’s Housing Progress: Understanding Paths to Growth</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-housing-progress-understanding-paths-to-growth/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-housing-progress-understanding-paths-to-growth/</guid>
                <description>
                    <![CDATA[As trusted advisors in San Diego and Riverside County, we see firsthand how California’s housing goals are falling short across...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Will Mortgage Rates Still Define the 2027 Housing Market in San Diego?</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/will-mortgage-rates-still-define-2027-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/will-mortgage-rates-still-define-2027-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Beyond Mortgage Rates: What Will Define the 2027 Housing Market? While mortgage rates have significantly influenced buyer power in recent...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>CA&amp;#8217;s Most Affordable Places To Live</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/cas-most-affordable-places-to-live/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/cas-most-affordable-places-to-live/</guid>
                <description>
                    <![CDATA[As advisors deeply rooted in San Diego and Riverside County real estate, we often hear from clients searching for that...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"23px"} -->
<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"13px"} -->
<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
<!-- /wp:easy-agent-pro/mortgage -->

<!-- wp:easy-agent-pro/topposts -->
[featured_posts]
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                <title>US Sellers Return as Buyers Stall | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-sellers-return-as-buyers-stall-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-sellers-return-as-buyers-stall-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[More sellers are entering the market while buyer activity slows down due to high rates and affordability pressures. • Rising...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>USA: SoCal Rents Rose in Just 22% of Cities</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/usa-socal-rents-rose-in-just-22-of-cities/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/usa-socal-rents-rose-in-just-22-of-cities/</guid>
                <description>
                    <![CDATA[As advisors focused on San Diego and Riverside County, we’re always keeping an eye on the real story behind SoCal...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[featured_posts]
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                <title>San Diego Homeowners Insurance: Positive Shifts in the California Market</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-homeowners-insurance-positive-shifts-in-the-california-market/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=76180</guid>
                <description>
                    <![CDATA[Navigating San Diego homeowners insurance is shifting as new carrier rules and regulatory updates take shape. Explore how evolving admitted markets, California FAIR Plan alternatives, and Zone 0 defensible space compliance impact local property owners, buyers, and home values across San Diego County.]]>
                </description>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Proposition 37: 17% Second Mortgage |</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/proposition-37-17-second-mortgage/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/proposition-37-17-second-mortgage/</guid>
                <description>
                    <![CDATA[There’s a new policy proposal on the horizon that could reshape the path to homeownership for many Californians—especially for those...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California&amp;#8217;s cheapest place to live in 2026 is a quaint alpine city less than 3 hours from L.A., whe</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-cheapest-place-to-live-in-2026-is-a-quaint-alpine-city-less-than-3-hours-from-l-a-whe/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-cheapest-place-to-live-in-2026-is-a-quaint-alpine-city-less-than-3-hours-from-l-a-whe/</guid>
                <description>
                    <![CDATA[As advisors who believe in relationship-first real estate, we’re always tracking the shifts that matter to San Diegans and Riverside...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Federal Housing Bill, Limited Impact in CA | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/federal-housing-bill-limited-impact-in-ca-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/federal-housing-bill-limited-impact-in-ca-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[While federal housing policy efforts aim to boost national supply, local zoning, environmental reviews, and permitting regulations ultimately dictate California's home inventory momentum across San Diego County.]]>
                </description>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Perfect Home Improvement Projects for People Who HATE Renovating</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/perfect-home-improvement-projects-for-people-who-hate-renovating/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/perfect-home-improvement-projects-for-people-who-hate-renovating/</guid>
                <description>
                    <![CDATA[Want to elevate your home’s aesthetic and market appeal without the dust and expense of a major remodel? Explore simple, high-impact projects—from smart hardware swaps to quick paint refreshes—that enhance comfort and resale value across San Diego and Riverside counties.
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                </description>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Happy Labor Day!</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/happy-labor-day-4/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/happy-labor-day-4/</guid>
                <description>
                    <![CDATA[#CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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<!-- wp:easy-agent-pro/topposts -->
[featured_posts]
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                <title>Great job and very responsive</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/great-job-and-very-responsive-3/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/great-job-and-very-responsive-3/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<div style="height:62px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Rents rise in just 22% of Southern California. See which cities got hikes</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/rents-rise-in-just-22-of-southern-california-see-which-cities-got-hikes/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/rents-rise-in-just-22-of-southern-california-see-which-cities-got-hikes/</guid>
                <description>
                    <![CDATA[Curious about how rents are shifting in Southern California? This summer, just 22% of cities in our region experienced rent...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California Rules Discourage Condo Construction | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-rules-discourage-condo-construction-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-rules-discourage-condo-construction-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Why Condo Construction Has Stalled in CA 🏢 Strict liability laws and defect rules make developers hesitant to build entry-level...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California&amp;#8217;s cheapest places to live revealed in new report — including a coastal outlier</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-cheapest-places-to-live-revealed-in-new-report-including-a-coastal-outlier/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-cheapest-places-to-live-revealed-in-new-report-including-a-coastal-outlier/</guid>
                <description>
                    <![CDATA[Looking for affordable homeownership without leaving California? 🏡 A new report reveals the top cities where buying a home is...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California Homeowners Insurance Platform Expands | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-insurance-platform-expands-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-homeowners-insurance-platform-expands-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[California’s home insurance landscape is taking positive steps forward as major carriers and specialty platforms expand coverage across the state....]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>California: Saving 20% Down Takes Years | Brad &amp;amp; Karen Mattonen</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-saving-20-down-takes-years-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-saving-20-down-takes-years-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[Saving 20% down in California takes years—prices outpace incomes, pushing buyers inland or forcing them to delay their search. 💰...]]>
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                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[featured_posts]
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                <title>California Homeownership Doesn’t Tip Until 47 Headline</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeownership-doesnt-tip-until-47-headline/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-homeownership-doesnt-tip-until-47-headline/</guid>
                <description>
                    <![CDATA[#CaliforniaRealEstate #HomeBuyingTips #FirstTimeHomeBuyer #SanDiegoRealEstate #Home]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Buy a House, Step by Step</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/buy-a-house-step-by-step/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/buy-a-house-step-by-step/</guid>
                <description>
                    <![CDATA[Navigating the homebuying process is easier when you break it down into clear, manageable steps—from setting your budget to holding...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>San Diego County Taxable Value Hits Record</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-taxable-value-hits-record/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-taxable-value-hits-record/</guid>
                <description>
                    <![CDATA[San Diego Taxable Value Hits Record $845B 📊 San Diego County’s total assessed property value reached a record-setting $845 billion,...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>US Apartment Rents Keep Rising</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-apartment-rents-keep-rising/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-apartment-rents-keep-rising/</guid>
                <description>
                    <![CDATA[Spring leasing season is here, and we’re seeing apartment rents continue to climb nationwide. The average US apartment rent reached...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Maximize Your Lifestyle: Cost of Living &amp;amp; Remote Work in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/maximize-your-lifestyle-cost-of-living-remote-work-in-san-diego/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/maximize-your-lifestyle-cost-of-living-remote-work-in-san-diego/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>U.S. At 250: Housing Still Defines the Dream</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/u-s-at-250-housing-still-defines-the-dream/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/u-s-at-250-housing-still-defines-the-dream/</guid>
                <description>
                    <![CDATA[#HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Mortgage Rate Forecast: Predictions for the Housing Market Through 2028</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/mortgage-rate-forecast-predictions-for-the-housing-market-through-2028/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/mortgage-rate-forecast-predictions-for-the-housing-market-through-2028/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<!-- /wp:list -->

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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Higher Rates Squeeze Riverside County Buyers</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/higher-rates-squeeze-riverside-county-buyers/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/higher-rates-squeeze-riverside-county-buyers/</guid>
                <description>
                    <![CDATA[#HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Brad was a great asset to us during our real estate transaction.  Our family would recommend them to</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/brad-was-a-great-asset-to-us-during-our-real-estate-transaction-our-family-would-recommend-them-to-3/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/brad-was-a-great-asset-to-us-during-our-real-estate-transaction-our-family-would-recommend-them-to-3/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<!-- wp:spacer {"height":"13px"} -->
<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>San Diego County Market Update</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-market-update-11/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-market-update-11/</guid>
                <description>
                    <![CDATA[#HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>San Diego Cost of Living: First-Time Buyer vs. Established Homeowner</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/cost-of-living-breakdown-first-time-buyers-vs-established-homeowners-in-san-diego/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/cost-of-living-breakdown-first-time-buyers-vs-established-homeowners-in-san-diego/</guid>
                <description>
                    <![CDATA[Navigating the San Diego housing market presents distinct financial landscapes for first-time buyers compared to established homeowners. From initial down payments and closing costs to ongoing taxes and equity growth, explore how housing expenses impact both new and long-time residents in Southern California.]]>
                </description>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Why Waiting for Mortgage Rates to Drop Could Cost San Diego Buyers More</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/why-waiting-for-mortgage-rates-to-drop-could-cost-san-diego-buyers-more/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=75977</guid>
                <description>
                    <![CDATA[Holding out for a 1% mortgage rate drop feels safe, but in supply-constrained North County San Diego, home price appreciation and pent-up buyer competition can quickly wipe out those monthly savings. Here is what the real math shows and why buying the house today while dating the rate is often the smarter financial move.]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>2026 Housing Market Forecast: Stable Prices Create Buyer Opportunities in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/2026-housing-market-stable-prices-offer-more-buyer-opportunities/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/2026-housing-market-stable-prices-offer-more-buyer-opportunities/</guid>
                <description>
                    <![CDATA[San Diego Housing Market Outlook for 2026: Stability Beckons Buyers The 2026 housing market is poised for a period of...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>US Affordability Improves in 2026 Forecast</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-affordability-improves-in-2026-forecast/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-affordability-improves-in-2026-forecast/</guid>
                <description>
                    <![CDATA[#HomesInSDCounty #SanDiegoRealEstate #ADU #CaliforniaRealEstate #BradAndKarenMattonen #RealEstateInvesting]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>Buying a 55+ Home in San Diego County: What to Know Before You Sign</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/buying-a-55-home-in-san-diego-county-what-to-know-before-you-sign/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=75931</guid>
                <description>
                    <![CDATA[Buying into a 55+ community in San Diego County involves much more than picking a floor plan. From understanding HOA governing documents and HOPA age verification rules to maximizing California Proposition 19 tax base transfers, here is what active adult buyers need to review before writing an offer.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>The $70,000 California Tiny Home Dream Dies in California (Unless You Have an Agent Who Actually Does the Work)</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-tiny-home-raw-land-trap/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=75827</guid>
                <description>
                    <![CDATA[The idea of a $70,000 California raw land parcel and a $70,000 tiny home feels like a $140,000 housing market hack. But is it? Often, cheap land is cheap for a reason. This guide breaks down the massive hidden infrastructure costs, strict zoning laws, and severe wildfire safety codes (Zone 0, Chapter 7A) that can legally kill a California tiny home project before you even write an offer. Don’t buy dirt you can’t live on.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>California’s $11.25B Homeownership Bond Plan |</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-11-25b-homeownership-bond-plan/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-11-25b-homeownership-bond-plan/</guid>
                <description>
                    <![CDATA[California state leaders have agreed to place a historic $11.25 Billion Veterans and Affordable Housing Bond Act on the November 2026 ballot. Aimed at expanding down payment assistance, fast-tracking affordable housing construction, and supporting middle-income first-time buyers, this proposed legislation could reshape market dynamics across San Diego County. Here is what local buyers, sellers, and property owners need to know about what’s ahead.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California&amp;#8217;s New Housing Bill: What It Means for Homeowners and Buyers</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/what-the-big-new-housing-bill-means-for-california/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/what-the-big-new-housing-bill-means-for-california/</guid>
                <description>
                    <![CDATA[California’s evolving housing laws are reshaping property rights, ADU sales, and home financing across the state. Learn what the latest housing legislation means for San Diego homeowners looking to build equity and buyers navigating high interest rates and tight inventory]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>5 Crucial Steps Before Buying Your First Home in San Diego County</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/5-crucial-steps-to-take-before-buying-your-first-home/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/5-crucial-steps-to-take-before-buying-your-first-home/</guid>
                <description>
                    <![CDATA[Ready to buy your first home in San Diego County? Before jumping onto Zillow or visiting open houses, taking the right financial and preparation steps can save you thousands of dollars and prevent major headaches. Here are 5 crucial steps every first-time homebuyer in Southern California should take before house hunting.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<div style="height:62px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                </content:encoded>
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                    <item>
                <title>San Diego County Cost of Living Breakdown: Homeownership vs Renting</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-cost-of-living-breakdown-homeownership-vs-renting/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-cost-of-living-breakdown-homeownership-vs-renting/</guid>
                <description>
                    <![CDATA[San Diego County Cost of Living: Beyond the Numbers—Why Real Estate Ownership Makes Financial Sense When evaluating the cost of...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
<!-- /wp:easy-agent-pro/mortgage -->

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[featured_posts]
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                <title>Selling a Home FSBO in San Diego? Don’t Make These 4 Costly Mistakes</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/going-fsbo-dont-make-these-mistakes/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/going-fsbo-dont-make-these-mistakes/</guid>
                <description>
                    <![CDATA[Thinking of selling your home For Sale By Owner (FSBO) in San Diego? Learn the 4 biggest mistakes sellers make with pricing, curb appeal, interior staging, and marketing, and how to avoid costly errors.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>California Debates Capping HOA Dues Hikes</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-debates-capping-hoa-dues-hikes/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-debates-capping-hoa-dues-hikes/</guid>
                <description>
                    <![CDATA[Across California, condo and townhome owners face steep monthly HOA fee increases and surprise special assessments driven by skyrocketing insurance premiums and mandatory structural inspection laws. California lawmakers are now debating proposals to cap these assessment spikes. Here is what current owners and prospective buyers need to know about Civil Code §5605, proposed HOA dues limits, and how fee caps could impact community reserve funds and property values.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Why Work with Brad Mattonen for San Diego Real Estate Expertise</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/why-work-with-brad-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/why-work-with-brad-mattonen/</guid>
                <description>
                    <![CDATA[Navigating San Diego’s dynamic real estate market requires more than traditional listing tactics—it takes strategic digital marketing, deep local market knowledge, and steadfast client advocacy. Discover how Brad Mattonen and the HomesInSDCounty team leverage cutting-edge property positioning, negotiation expertise, and nationwide Coldwell Banker network coverage to achieve outstanding results for buyers and sellers.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>5 Hidden Red Flags to Spot When Touring a Home in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/5-hidden-red-flags-to-watch-for-when-touring-a-home/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/5-hidden-red-flags-to-watch-for-when-touring-a-home/</guid>
                <description>
                    <![CDATA[Touring homes in San Diego County is one of the most exciting parts of the home-buying process, but easy-to-miss flaws can quickly turn a dream house into a money pit. Learn the 5 hidden red flags to look for during a home walk-through—from subtle foundation issues and fresh paint cover-ups to unpermitted additions—so you can make a smart, protected offer.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>San Diego County Taxable Property Values Hit Record High! | Market Update</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-taxable-property-values-hit-record-high-market-update/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-taxable-property-values-hit-record-high-market-update/</guid>
                <description>
                    <![CDATA[San Diego County taxable property values have hit an all-time record high of $845 billion. Discover what this historic market update means for your home equity, local property tax bills, Prop 13 protections, and overall buying or selling strategy.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>California HomeownersRevisit  ADUs for Income</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-homeowners-revisit-adus-for-income-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-homeowners-revisit-adus-for-income-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[High mortgage rates and soaring San Diego property values are prompting homeowners to revisit ADUs. Learn about 2026 California ADU rules, financing options, junior ADUs, and how San Diego's AB 1033 ordinance opens new wealth-building opportunities.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Rent Discounts Spread Across Southern California</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/rent-discounts-spread-across-southern-california/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/rent-discounts-spread-across-southern-california/</guid>
                <description>
                    <![CDATA[Across Southern California, the rental market is undergoing a notable shift. After years of relentless rent increases and record-tight apartment...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>5 High-ROI Home Upgrades to Maximize Your Sale Price in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/5-high-roi-upgrades-to-make-before-listing-your-home/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/5-high-roi-upgrades-to-make-before-listing-your-home/</guid>
                <description>
                    <![CDATA[When preparing to sell your San Diego home, you naturally want it to look its best to achieve top dollar....]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
<!-- /wp:paragraph -->

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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                                                    <media:content medium="image" url="https://images.easyagentpro.com/images-by-id?id=2b013f9986f981dd0ce3a573e406f0663479457153c9ad9b8e765d40b721f9ee51e292c5.jpg&#038;w=800"></media:content>
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                    <item>
                <title>California Property Tax: A San Diego Homeowner&amp;#8217;s Cautionary Tale</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/californias-property-tax-cautionary-tale-brad-karen-mattonen/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/californias-property-tax-cautionary-tale-brad-karen-mattonen/</guid>
                <description>
                    <![CDATA[California Property Tax: A San Diego Homeowner&#8217;s Cautionary Tale Navigating California&#8217;s property tax system can be a complex and sometimes...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<div style="height:31px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph -->
<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>San Diego Living Costs: Budgeting Smart for Your Dream Home</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-living-costs-uncovered-budget-smart-for-your-new-home/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-living-costs-uncovered-budget-smart-for-your-new-home/</guid>
                <description>
                    <![CDATA[San Diego Living Costs: Budgeting Smart for Your Dream Home Moving to San Diego? Understanding the San Diego living costs...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>Expert Real Estate Services in San Diego County: Professionalism &amp;amp; Expertise You Can Trust</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/theyre-absolutely-great-folks-love-their-professionalism-and-expertise-2/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/theyre-absolutely-great-folks-love-their-professionalism-and-expertise-2/</guid>
                <description>
                    <![CDATA[Discover the Difference That True Professionalism and Deep Expertise Make in Your Real Estate Journey At HomesInSDCounty, co-led by Brad...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<div style="height:56px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<div style="height:62px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>US Residential Market Poised for Steady Growth in 2026</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/us-residential-market-eyes-steady-growth-ahead/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/us-residential-market-eyes-steady-growth-ahead/</guid>
                <description>
                    <![CDATA[The U.S. residential real estate market is transitioning toward sustained, steady growth. From stabilizing interest rates to localized demand in top-performing regions, explore the core drivers shaping property values and what these shifts mean for homebuyers, sellers, and real estate investors]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

<!-- wp:spacer {"height":"33px"} -->
<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
<!-- /wp:paragraph -->

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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
<!-- /wp:easy-agent-pro/mortgage -->

<!-- wp:easy-agent-pro/topposts -->
[featured_posts]
<!-- /wp:easy-agent-pro/topposts -->]]>
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                <title>Why the First 14 Days on the Market Define Your San Diego Home Sale</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/why-the-first-14-days-on-the-market-define-your-sale/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/why-the-first-14-days-on-the-market-define-your-sale/</guid>
                <description>
                    <![CDATA[Many sellers mistakenly believe listing a home is a passive waiting game, expecting offers to trickle in over months. In reality, the most crucial period for your sale unfolds almost immediately. The first 14 days on the market carry the highest buyer engagement, maximum algorithm exposure, and peak seller leverage. Discover how strategic pricing, aggressive initial exposure, and professional positioning make or break your San Diego home sale.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                    <item>
                <title>California&amp;#8217;s Tiered Home Pricing: Understanding San Diego&amp;#8217;s Market</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-tiered-home-pricing-2/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-tiered-home-pricing-2/</guid>
                <description>
                    <![CDATA[Median prices don't tell the whole story in San Diego real estate. Discover how tiered home pricing (Low, Mid, and High tiers) affects home values, inventory, and your market strategy.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
<!-- /wp:paragraph -->

<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
<!-- /wp:paragraph -->

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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>San Diego County Market Update</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/san-diego-county-market-update-10/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/san-diego-county-market-update-10/</guid>
                <description>
                    <![CDATA[#HomesInSDCounty]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>The 20% Down Myth That’s Keeping Buyers on the Sidelines</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/the-20-down-myth-thats-keeping-buyers-on-the-sidelines/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/the-20-down-myth-thats-keeping-buyers-on-the-sidelines/</guid>
                <description>
                    <![CDATA[You’ve done the math. You found the perfect neighborhood. You know what you can afford comfortably every month. But then...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>Why Your Zestimate Isn’t Your Asking Price</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/why-your-zestimate-isnt-your-asking-price/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/why-your-zestimate-isnt-your-asking-price/</guid>
                <description>
                    <![CDATA[It happens every single day in real estate. A homeowner decides they are finally ready to sell. Before calling a...]]>
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                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>The Hidden Reality About Buying Raw land Land to build a home. It’s NOT Cheap, Easy, or Fast</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/the-hidden-reality-about-buying-raw-land-land-to-build-a-home-its-not-cheap-easy-or-fast/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=75669</guid>
                <description>
                    <![CDATA[We get calls all the time from buyers looking at a cheap piece of land out in East County or...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                                                    <media:content medium="image" url="https://s3.amazonaws.com/eap02files.easyagentpro.com/wp-content/uploads/sites/997/2026/07/28190418/San-Diego-Raw-Land-Development-Costs-InfographicDream-vs-Reality.jpg"></media:content>
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                    <item>
                <title>Bridge or Bust? Know Your Mortgage Options Before You List</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/bridge-loan-alternatives-san-diego/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/?p=75643</guid>
                <description>
                    <![CDATA[Before you list your home, explore bridge loan alternatives in San Diego. Compare mortgage options, equity strategies, and pre-approval tips to save thousands before buying your next property.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
<!-- /wp:paragraph -->

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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
<!-- /wp:paragraph -->

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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
<!-- /wp:spacer -->

<!-- wp:paragraph -->
<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
<!-- /wp:paragraph -->

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<!-- wp:paragraph {"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":70564,"width":"211px","height":"auto","sizeSlug":"large","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
<!-- /wp:paragraph -->

<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<!-- wp:heading {"textAlign":"center"} -->
<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                                                    <media:content medium="image" url="https://s3.amazonaws.com/eap02files.easyagentpro.com/wp-content/uploads/sites/997/2026/07/25185002/bridge-loan-alternatives-mortgage-guide.jpg"></media:content>
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                <title>Energy Efficiency is the New Curb Appeal: Why 2026 Buyers Are Paying for Performance, Not Just Looks</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/energy-efficiency-is-the-new-curb-appeal-why-2026-buyers-are-paying-for-performance-not-just-looks/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/energy-efficiency-is-the-new-curb-appeal-why-2026-buyers-are-paying-for-performance-not-just-looks/</guid>
                <description>
                    <![CDATA[For a long time, sellers knew exactly what it took to win over a buyer. A fresh coat of neutral...]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>Meet Brad &amp;amp; Karen Mattonen: Your San Diego Real Estate Partners</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/meet-brad-karen-mattonen-your-san-diego-real-estate-partners/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/meet-brad-karen-mattonen-your-san-diego-real-estate-partners/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #HomesInSDCounty]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>Waiting for Mortgage Rates to Drop? Why Timing the Market Could Cost You in San Diego</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/waiting-for-rates-to-drop-why-timing-the-market-could-cost-you/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/waiting-for-rates-to-drop-why-timing-the-market-could-cost-you/</guid>
                <description>
                    <![CDATA[Thinking about waiting for mortgage rates to drop before buying a home in San Diego? Attempting to time the market can backfire when lower rates trigger intense buyer competition and surging home prices. Watch this video to learn how to leverage today’s market conditions, negotiate seller concessions and rate buydowns, and secure your dream home on your terms.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<!-- wp:paragraph -->
<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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[featured_posts]
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                <title>New Law Empowers Tenants to Extend Their Home Stay</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/new-law-empowers-tenants-to-extend-their-home-stay/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/new-law-empowers-tenants-to-extend-their-home-stay/</guid>
                <description>
                    <![CDATA[California’s rental landscape continues to evolve with updated tenant protection rules under AB 1482 and SB 567. Watch this brief guide to learn how "Just Cause" eviction requirements, automatic month-to-month lease extensions, and statewide rent caps impact San Diego renters, landlords, and property investors.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
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<!-- wp:paragraph -->
<p></p>
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<!-- wp:paragraph -->
<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p>To some buyers, this might sound like good news. But let’s break it down.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<div style="height:23px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<!-- wp:table {"className":"is-style-stripes","style":{"color":{"background":"#c7deec"}}} -->
<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<div style="height:13px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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                <title>California home prices hit record as supply tightens</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/california-home-prices-hit-record-as-supply-tightens/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/california-home-prices-hit-record-as-supply-tightens/</guid>
                <description>
                    <![CDATA[California home prices have reached new record highs as housing inventory continues to tighten statewide. Watch this market update to discover what is driving home values up, how sales of $1M+ luxury properties are reshaping local markets, and what these record-breaking trends mean for San Diego buyers and sellers.]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
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<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
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<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
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<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
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<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
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<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

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<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
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<p></p>
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<p></p>
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<p><strong>What the Market’s Doing in 2025</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<!-- wp:paragraph -->
<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p></p>
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<!-- wp:paragraph -->
<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<div style="height:33px" aria-hidden="true" class="wp-block-spacer"></div>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
</div></figure>
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<!-- wp:paragraph {"align":"left","style":{"elements":{"link":{"color":{"text":"var:preset|color|vivid-green-cyan"}}}},"textColor":"vivid-green-cyan","fontSize":"medium"} -->
<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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<!-- wp:embed {"url":"https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/","type":"wp-embed","providerNameSlug":"homes-in-san-diego-county-coldwell-banker-west"} -->
<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
</div></figure>
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
<!-- /wp:heading -->

<!-- wp:paragraph {"align":"center"} -->
<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"align":"center","textColor":"vivid-red"} -->
<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph {"style":{"color":{"background":"#1174b6"}},"textColor":"white"} -->
<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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[mortgage_calculator]
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                <title>We all have different goals for moving. If you&amp;#8217;re going to sell; you might as well get what you want</title>
                <link>https://bmattonen-houses-32.eapsites02.com/real-estate-blog/we-all-have-different-goals-for-moving-if-youre-going-to-sell-you-might-as-well-get-what-you-want-3/</link>
                <pubDate>Wed, 18 Jun 2025 18:08:33 +0000</pubDate>
                <dc:creator>Brad &amp; Karen Mattonen Realtor®</dc:creator>
                <guid isPermaLink="false">https://homesinsdcounty.com/real-estate-blog/we-all-have-different-goals-for-moving-if-youre-going-to-sell-you-might-as-well-get-what-you-want-3/</guid>
                <description>
                    <![CDATA[Let’s connect and talk about the latest insights in the industry! #HomesInSDCounty]]>
                </description>
                <content:encoded>
                    <![CDATA[<!-- wp:paragraph -->
<p><strong>Why Slower Price Growth Doesn’t Mean “Cheaper Homes”</strong></p>
<!-- /wp:paragraph -->

<!-- wp:image {"id":46080,"sizeSlug":"full","linkDestination":"none","align":"center"} -->
<figure class="wp-block-image aligncenter size-full"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2022/12/Time-to-Invest-Clock-Stopwatch-shutterstock_89277412.jpg" alt="realestateinvesting" class="wp-image-46080" /><figcaption class="wp-element-caption"><sup>Fresh start in California real estate</sup></figcaption></figure>
<!-- /wp:image -->

<!-- wp:paragraph -->
<p>Between August 2020 and August 2021, home prices surged by a record-breaking 19.8%. But by late 2021, the first signs of deceleration appeared, with year-over-year growth dipping slightly to 19.5%. Fast forward to 2025, and the landscape has shifted dramatically.<br>Yes, prices aren’t skyrocketing, <strong>but affordability is still at its worst point in history</strong>. Why? Because <strong>interest rates remain elevated</strong>, hovering around <strong>6.940%</strong>, as of late May. That means even if the sticker price drops, your monthly payment might not.</p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>Here’s Why Waiting Could Cost You More</strong><br>They say the best time to buy was last year. The next best time? <strong>Right now.</strong> Here’s why:</p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>Lower interest rates = more buying power</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Higher rates = less home for the same monthly payment</strong></li>
<!-- /wp:list-item -->

<!-- wp:list-item -->
<li><strong>Waiting for prices to drop while rates rise can cost you more in the long run</strong></li>
<!-- /wp:list-item --></ul>
<!-- /wp:list -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p></p>
<!-- /wp:paragraph -->

<!-- wp:paragraph -->
<p><strong>What the Market’s Doing in 2025</strong></p>
<!-- /wp:paragraph -->

<!-- wp:list -->
<ul class="wp-block-list"><!-- wp:list-item -->
<li><strong>U.S. home prices rose just 2.4% year-over-year as of March 2025</strong>, with the median sale price now at <strong>$430,787</strong></li>
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<li><strong>Redfin reports a median price of $441,526 in May</strong>, up only <strong>0.8%</strong> from a year earlier</li>
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<li><strong>Inventory has surged 14.1% year-over-year</strong>, giving buyers more options—but not necessarily more affordability</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>While the market hasn’t crashed, price growth has cooled significantly. According to the latest data:</strong></p>
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<li><strong>U.S. home prices rose just 3.4% year-over-year as of March 2025</strong>, down from 4% in February</li>
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<li><strong>J.P. Morgan forecasts a modest 3% increase for the year overall</strong>, citing tight inventory and high mortgage rates</li>
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<li><strong>CoreLogic and Redfin echo this trend</strong>, projecting continued sluggish growth or even slight declines in some markets</li>
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<p>To some buyers, this might sound like good news. But let’s break it down.</p>
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<p><strong>Let’s say you’re eyeing a $900,000 home in San Diego.</strong><br>Let’s say you’re eyeing a $900,000 home in San Diego. At a 4.5% interest rate, your monthly principal and interest payment on an 80% LTV loan is about <strong>$3,648</strong>.</p>
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<p> But if you wait for prices to drop and rates climb to 7.0%, that same home now costs you <strong>$4,765</strong> per month.<br><strong>That’s a $1,100+ monthly difference—for the exact same home. Over 30 years, that’s more than $400,000 in extra interest.</strong></p>
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<p><strong>The Real Cost of Rising Interest Rates (Same Home Price)</strong></p>
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<figure class="wp-block-table is-style-stripes"><table class="has-background has-fixed-layout" style="background-color:#c7deec"><thead><tr><th><strong>Interest Rate</strong></th><th><strong>Loan Amount (80% of $900,000)</strong></th><th><strong>Monthly Payment (P&amp;I)</strong></th></tr></thead><tbody><tr><td><strong>4.5%</strong></td><td>$720,000</td><td><strong>$3,648.60</strong></td></tr><tr><td><strong>5.0%</strong></td><td>$720,000</td><td><strong>$3,864.03</strong></td></tr><tr><td><strong>5.5%</strong></td><td>$720,000</td><td><strong>$4,083.42</strong></td></tr><tr><td><strong>6.0%</strong></td><td>$720,000</td><td><strong>$4,306.76</strong></td></tr><tr><td><strong>6.5%</strong></td><td>$720,000</td><td><strong>$4,534.04</strong></td></tr><tr><td><strong>7.0%</strong></td><td>$720,000</td><td><strong>$4,765.25</strong></td></tr></tbody></table></figure>
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<p><strong>Each 0.5% increase in interest rate can raise your monthly payment by roughly $200–$220 per month in this price range.</strong> <br>Again, That’s a <strong>$1,100+ monthly difference</strong> between 4.5% and 7.0%—for the exact same home. Over 30 years, that’s more than <strong>$400,000 in extra interest</strong>. </p>
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<p><br>That’s not just a budgeting detail—it’s a shift in lifestyle, location, or even whether you qualify at all. Over 30 years, that’s<strong> tens of thousands of dollars </strong>in added cost—<strong>without gaining a single square foot.</strong></p>
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<p><strong>A 2% rate increase can slash your purchasing power by over $100,000.</strong><br>Double the price point, and that loss doubles too.</p>
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<p><strong>The Bottom Line</strong><br>Prices will go back up. They always do—every 2 to 5 years. So wouldn’t you rather own a $900K home at the same monthly payment as a $740K one? Especially when it’s time to sell and that equity has grown?</p>
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<p><br>If you’re serious about buying, <strong>don’t wait for the “perfect” pric</strong>e. Focus on the total cost of ownership—and the opportunity cost of waiting.</p>
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<p><br>Need a trusted mortgage broker to run your numbers? <strong>Let’s connect.</strong> I’ve got great partners who can help you strategize for today’s market.</p>
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<p><strong>Don’t wait for the market to “maybe” shift in your favor—own your future now.</strong></p>
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<p><strong><em>All quotes are based upon 3% and 3.5% interest and not considering credit or down payment. Please speak to a professional mortgage broker to get more accurate info based upon your personal finances....</em></strong></p>
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<p class="has-vivid-green-cyan-color has-text-color has-medium-font-size"><strong><em>Prices WILL Go back up.. every 2- 5 years,  they always do.  So, in the end, isn't it better to get a $900k home at the same monthly mortgage payment as a $740K home, especially when it comes to sell it when those prices do go back up!</em></strong></p>
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<p><strong>Contact us if you need a connection for a Great mortgage Broker</strong></p>
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<figure class="wp-block-image aligncenter size-large is-resized"><img src="https://homesinsdcounty.com/wp-content/uploads/sites/997/2020/11/email-logowebp-1013x1024.png" alt="HomesinSDCounty | Coldwell Banker West logo featuring a circular design with real estate branding." class="wp-image-70564" style="width:211px;height:auto" /></figure>
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<p class="has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>SEE Also - </strong></p>
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<figure class="wp-block-embed is-type-wp-embed is-provider-homes-in-san-diego-county-coldwell-banker-west wp-block-embed-homes-in-san-diego-county-coldwell-banker-west"><div class="wp-block-embed__wrapper">
https://homesinsdcounty.com/real-estate-blog/the-comeback-state-why-moving-to-or-back-to-california-is-the-smarter-choice/
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<p class="has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color has-medium-font-size"><strong>and </strong></p>
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https://homesinsdcounty.com/real-estate-blog/the-hidden-costs-of-moving-why-leaving-california-for-cheaper-states-may-not-save-you-money/
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<h2 class="wp-block-heading has-text-align-center" id="down-payment-closing-costsmoney-is-out-there">Down payment /Closing Costs<br>money is out there.</h2>
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<p class="has-text-align-center"><strong>We’ll help you find it</strong></p>
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<p class="has-text-align-center has-vivid-red-color has-text-color"><strong><em>Owning your home is the American dream, we can make it come true</em></strong></p>
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<p class="has-white-color has-text-color has-background" style="background-color:#1174b6"><a rel="noreferrer noopener" href="https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/" target="_blank"><strong>Download MyHome Home Purchase Assistance Program payment Handbook and guide&nbsp;</strong></a></p>
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<p class="has-medium-font-size"><strong>MORTGAGE CALCULATOR</strong></p>
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