Summer is off to a great start

June has been a very successful month in terms of closings. Prices have responded to a change in marketplace. Average sales price were high and interest rates are still at a low...a 50 year low and that is encouraging the prices to hold. New opened business dipped in June. We are anticipating inventory levels to increase as short sale inventory builds up. Sellers will need to be educated to remain competitive. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at rashid@rashidrealty.com. More on this within the next couple of weeks.