Q1 is Almost in the Books!

Time is flying—it’s hard to believe we’re heading into the second quarter of 2025 and the peak spring and summer housing market!

Here’s the reality: If you’re thinking about buying, now is the time to get in the game. There’s real opportunity, especially if you’re open to tackling a project or two. Sellers, on the other hand, need to be realistic—homes that aren’t priced right or properly prepared are sitting longer than usual. Even with slightly lower interest rates, affordability remains a major challenge for buyers.

If a move is on your mind, let’s connect soon. The market is already heating up, and I want to make sure you’re ahead of the curve!

“Qualifying income for 1st Time Home Buyers to purchase a median home in San Diego is $167,100”

— California Association of Realtors

Market Profile - March 2025

HOT TOPICS

Would you like a home valuation and neighborhood report every month?
Those receiving these have really enjoyed them! If you’d like a free home report every month, all I need is your address and an email for you. It’s a great way to track home values, loan information, and know exactly what’s being bought and sold in your area Send me an email brendan.gail@kw.com to be added!
Retail sales rebound but remain sluggish
Retail sales in the U.S. increased slightly in February, rising just 0.2%—less than the 0.6% economists expected. Weak spending at gas stations, auto sales, and restaurants held growth back, but a strong job market and wage increases could keep spending steady in March.
3. Inflation slows down in February
Consumer prices rose 2.8% from last year, showing a slight slowdown after months of increases. While lower gas and food prices helped ease inflation, costs for hospital care, insurance, and airfare remained high, which could push up future inflation reports.
4. Small business optimism declines amid uncertainty
Confidence among small business owners fell in February, with concerns about tariffs and government layoffs weighing on sentiment. While optimism remains above historical averages, continued trade tensions could make businesses even more cautious in the coming months.
5. Consumer sentiment hits a 28-month low
Americans are feeling more uncertain about the economy, with consumer confidence dropping sharply in March. Rising inflation expectations and worries about tariffs driving up prices have contributed to the decline, making it harder for the Federal Reserve to consider interest rate cuts.
6. Foreclosures increase but remain low
Foreclosure filings in the U.S. rose 5% in February but are still far below levels seen during the 2008 housing crisis. With home prices expected to rise in 2025 and no signs of a major recession, foreclosure activity should remain stable.

Reach out anytime! Call, text, or message me 😊

Brendan

P.S. I always appreciate referrals! It’s among the greatest compliments I can receive. If you know someone who is has questions about the real estate market, please send them my way. Thank you!