Is San Diego still affordable? Understand the key factors 🏡💸

As the San Diego real estate market continues to evolve, many potential buyers are left wondering about housing affordability. With rising mortgage rates, fluctuating home prices, and changes in wages, it’s essential to stay informed about the factors that influence your buying power. Let’s dive into the current state of the market and what it means for you!

Understanding the Key Factors

  1. Mortgage Rates
    Mortgage rates have been on a rollercoaster ride, with a recent trend of steady increases. However, the good news is that they are finally beginning to decline. Lower mortgage rates can significantly impact your monthly payments, allowing you to stretch your budget further and increase your purchasing power. This is a crucial consideration for anyone looking to buy a home in San Diego.

  2. Home Prices
    San Diego has seen rapid home price increases over the past few years, making it challenging for buyers to find affordable options. Thankfully, the pace of growth is slowing, creating more opportunities for buyers. With less competition and more available inventory, you may discover a home that fits your budget—something that has been difficult to find recently.

  3. Wages
    Another encouraging factor is the rise in wages across various industries. As incomes increase, more buyers find themselves in a better financial position to make a home purchase. This boost in financial stability can enhance your ability to secure a mortgage and afford a home in San Diego.

Timing Your Move

With these changes in the market, you might wonder if now is the right time to act. If you’re considering San Diego property transitions, understanding how these trends impact your situation is essential. As a San Diego real estate expert, I specialize in helping clients navigate these decisions.

Whether you’re looking to buy or sell, I provide personalized real estate services for San Diego seniors and divorcees to make the process smoother. With my experience as a top real estate agent in San Diego, I can offer insights into the latest trends, assist with pricing strategies, and guide you through the buying or selling process.

Real Estate Consultation in San Diego

If you’re ready to explore your options, a real estate consultation in San Diego can help clarify your goals and strategies. I’m here to answer your questions and provide the guidance you need to make informed decisions.

Let’s Connect!

Do you have questions about how the current market affects you? I invite you to reach out! DM me for a personalized consultation, and let’s work together to find a home that suits your lifestyle. Your dream home might be closer than you think!


Melina Rissone

Having sold properties for more than 19 years and earning various prestigious awards throughout the course of her career, Melina Rissone has more than earned her reputation as one of San Diego's most skilled and trustworthy real estate brokers selling homes and luxury condominiums. Her loyal clientele would share that Melina brings structure and planning to chaos. She specializes in supporting her clients and their referrals; families and individuals going thru divorce and seniors and active adults planning their moves and financial decisions during their retirement years..

  • Coldwell Banker Global Luxury and Institute of Luxury Home Marketing certified.
  • Cartus Network Inventory Specialist and Cartus Network Marketing Specialist since 2015.
  • RCS-D Designation, a Real Estate Collaboration Specialist for Divorce.
  • SRES Certification through NAR is a Seniors Real Estate Specialist certification.
  • Melina is bilingual in English and German.
  • Recognized as the Top 4% of all real estate brokers in San Diego County in 2021 and the Top 3% of Coldwell Banker International.
  • Coldwell Banker Presidents Elite Award.
  • Recognize as the To 2% of Coldwell Banker West in 2024.
  • Coldwell Banker Global Luxury and Institute of Luxury Home Marketing Certified.