September 2016

Found 1 blog entry for September 2016.

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As we head into the 2016 Presidential Elections one thing is for certain, real estate prices in San Clemente are at an all time high.  This is especially true to residential condos that currently starts at $405,000 for a non-view two bedroom condo.  These prices are very reminiscent of 2007 when prices were at the top of the market right before the housing market crashed.  The biggest thing moving the market right now are low interest rates and the consumer feeling positive about the economy.  With that being said there is a lot of anxiety of what will happen next year.  Many have predicated that we are in a real estate bubble and an adjustment is soon to happen to correct these high real estate prices.  This is further backed up by the Feds wanting to