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January 30th, 2025
Happy Thursday
Without a doubt, whenever mortgage rates drop, activity—and affordability—rise. We're seeing the usual seasonal uptick in demand, but I also noticed even more buyers and sellers sitting on the sidelines due to the election, who are now considering making a move.
The Fed didn’t surprise anyone this week, keeping rates unchanged while noting inflation still needs to improve before any rate cuts. While the Fed sets short-term rates, mortgage rates move based on bond markets (10-year treasury), which fluctuated after the announcement but ultimately settled mostly unchanged.
With all the policy changes coming down the pipeline, it’s hard to predict how interest rates will play out for the rest of the year.
Here are 3 properties, 2 RE news updates, and 1 thought from me + a market snapshot.
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Inventory is rising quickly—faster than demand at the moment. We’ve been in such a low-inventory environment that prices have held strong, but IF this trend continues, we could see some softening. That doesn’t mean prices will crash or even drop significantly, but in certain areas, we may see a shift.
It’s important to remember just how hyper-local real estate is. While prices might be softening nationwide or across much of San Diego County, highly desirable areas like Encinitas and Del Mar could still see appreciation. Typically, price weakening starts on the outskirts and with less desirable homes—those backing up to busy roads, needing significant repairs, or lacking key features people want (garages, yard space, modern finishes, etc).
Median Prices This Week
3 Properties to check out
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431 Camino Hermoso
San Marcos, CA 92078
$1,249,000
This kitchen is a show-stopper. It'll be tough to find a nicer 4 bedroom in North County at this price.
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1237 Greenlake Dr
Cardiff, CA 92007
$1,075,000
Location, location, location. When this guy paid $700k in 2019 I was renting down the street and thought that was crazy...
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521 S Rios Ave
Solana Beach, CA 92075
$13,500,888
Get inspired! This is a fun one.
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Our CEO Robert Reffkin went on TV and spoke about the market. He emphasized the importance of mortgage rate reductions to stimulate market activity and expressed optimism that anticipated rate decreases in 2025 could lead to a resurgence in transactions.
I’m optimistic, but I still have a lot of questions. This week, I attended a realtor networking meeting where a guest speaker—a retired Fire Chief of San Diego with over 40 years of firefighting experience—gave a 10-minute presentation.
He mentioned a revolutionary new product, invented by someone in Carlsbad, designed to fight wildfires and protect homes. That immediately caught my attention.
While I’m still digging into the details, this small company is scaling up to install these systems and make their product available to homeowners and business owners in high-risk areas.
If you’re interested in learning more, reach out—I’d be happy to connect you.
1 Tip or Thought
⚠️ Home Insurance Warning: Does Your Coverage Match Your Ownership?
If you’ve recently put your home into a trust, LLC, or another entity, here’s something important: you don’t technically “own” the home anymore—your trust or entity does.
That means your home insurance policy needs to reflect the correct owner. If the name on your policy doesn’t match the legal owner, you could run into coverage issues when you need it most.... I've heard horror stories out of LA where people have insurance but the names don't match up.
What to Do: If you've changed how you hold title, check with your insurance provider ASAP to make sure your policy is updated. A quick check now could save you major headaches later.
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P.S. Are we connected on social media? If not, what are you waiting for!? Shoot me a message here: Instagram
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DISCLAIMER: Due to recent changes by California Association of Realtors, and the SDMLS Clear Cooperation Policy (the “Policy”), Brokers are limited in their ability to share off-market properties. It is the intent of this letter to be in compliance with the Policy. For this reason, Talechia & Associates can only share such property information with clients of Talechia & Associates. If you would like more information on our properties that are not publicized in the MLS, and becoming a client of Compass, please contact Josh (858) 585-0309 or Talechia (858) 229-2181
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628, 01527235, 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.
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