Redfin published an interesting (if not a little bit suspect) list of destinations for San Francisco home sellers. The real headline should probably be more about where they have searched rather than where they actually end up going, because frankly, some of the cities on this list seem like a stretch. In any event, we will do a quick review of this list of locations - they may spell opportunity for saavy buyers or investors.
We will also spend some time looking at the latest home builder confidence numbers and actually home construction data. Mortgage demand continues to be at record lows and it looks like San Diego is about to get hit pretty hard and might just turn into a great opportunity.
All links provided below!
Links:
- https://www.redfin.com/blog/where-people-leaving-san-francisco-are-considering-moving-to/
- https://calculatedrisk.substack.com/p/september-housing-starts-record-number
- https://www.cnbc.com/2022/10/18/homebuilder-sentiment-drops-to-half-of-what-it-was-six-months-ago.html
- https://www.cnbc.com/2022/10/19/mortgage-demand-drops-to-a-25-year-low-as-interest-rates-climb.html
- https://realtybiznews.com/a-look-at-san-diegos-fizzling-real-estate-market/98774913/
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