Michelle Reife Knows Real Estate

San Diego in 2025: How Our Market Fits Into the National Housing Hot Spots As we kick off 2025, the national housing market is stabilizing after several years of volatility. While key trends across the country are creating opportunities for homebuyers and sellers alike, San Diego continues to be a unique and highly desirable market with its own story to tell. Here’s how San Diego aligns with national housing trends and why it remains a standout destination for real estate in 2025. The National Real Estate Landscape The Federal Reserve’s gradual easing of monetary policy is expected to stabilize mortgage rates around 6%, making homeownership more accessible. Nationally, we’re looking at: 4.5 million expected existing-home sales Median home prices forecasted at $410,700 , with a modest growth rate of 2% 1.45 million new housing starts , driven by both single-family and multifamily development While these trends offer optimism, San Diego's unique characteristics make it a particularly...

How to Build an ADU on Your Property in San Diego: A Step-by-Step Guide Accessory Dwelling Units (ADUs) have become increasingly popular in San Diego, offering homeowners a way to add value to their property, generate rental income, or provide housing for family members. Whether you're considering a detached unit in your backyard or a garage conversion, understanding the process is key. Here’s a step-by-step guide to help you navigate building an ADU in San Diego. Step 1: Understand What an ADU Is An ADU is a secondary housing unit built on a residential property. In San Diego, there are several types of ADUs, including: Detached ADU : A separate unit on your property. Attached ADU : An extension of your existing home. Garage Conversion : Converting an existing garage into a living space. Junior ADU (JADU) : A smaller unit (up to 500 square feet) within your home. San Diego’s regulations are ADU-friendly, thanks to state laws encouraging more housing options, but there are specific...