October 2024 Market Report

The Federal Reserve has reduced interest rates by half a percentage point, marking the first rate cut in years. This move will significantly impact Americans’ finances, making borrowing more affordable.

This decision comes in response to signs of a slowing economy and easing inflation. While many expected a smaller quarter-point reduction, the larger cut reflects the Fed’s proactive approach. Looking ahead, two more meetings are scheduled for November and December.

In anticipation of this, mortgage rates have already dipped to the high 5% to low 6% range, creating better conditions for both buyers and sellers. We anticipate an increase in listings and renewed buyer interest. I’m here to guide you through the evolving market-stay tuned for more updates!

Don’t miss the chance to own this popular Lennar Plan 2, a beautiful corner home located in the highly desirable gated community of Mission Circle. This newly built detached home is light and bright, featuring numerous designer upgrades such as plantation shutters, a custom backsplash. luxury Minyl plank flooring throughout, upgraded tile, and smart home features. As you enter the foyer, you’ll be welcomed by an open, spacious floor plan leading to a beautifully appointed great room, dining area, and a central kitchen. The kitchen boasts quartz countertops, stainless steel appliances, pendant lights, and white cabinetry with a large island. The main level also includes a full en-suite bedroom and an additional half bath. Upstairs, you’ll find four more bedrooms, including a spacious primary suite with an oversized walk-in closet and an elegant bath. There’s also a versatile bonus room and a convenient laundry room with a full-size washer and dryer plus extra storage. Enjoy seamless indoor-outdoor living with the covered California Room, complete with low-maintenance turf and stamped concrete, perfect for entertaining This larger backyard is fully fenced and ideal for gatherings with no direct neighbors behind the home. Community amenities include a pool and spa. tot lots, BBQ area, and a dog park. The home also features solar and a 2-car attached garage wired for EV. Located near dining, shopping, and major highways (Interstate 15 & 78), this home is a MUST SEE. The community Is gated for added privacy. Contact me to schedule your appointment today!

 

12710 CAMINTO CANCION 118

SAN DIEGO

REPRESENTING SELLER

 

 

11507 WINGWOOD LANE

VISTA

REPRESENTING SELLER

 

 

17373 PLAZA MARIA

SAN DIEGO

REPRESENTING BUYER