June 2026 San Diego Housing Update

Mortgage Rates Just Moved Lower... But Waiting Could Still Cost You Thousands.

If you are thinking about buying or selling a San Diego County home in the next 30-60 days, this may be one of the more important market windows of the year.

The Big Question: Should You Wait?

With news of an easing Iran conflict and mortgage rates moving lower, some San Diego buyers are wondering if they should wait for even lower rates.

That may sound smart, but here is the risk: if rates drop more, buyer competition may increase. That could mean fewer seller concessions, more multiple offers, and higher prices.

In other words, the lower rate you are waiting for may come with a higher purchase price.

#1 Buyers: June Could Be Your Sweet Spot

Right now, many San Diego County buyers have more homes to choose from, more negotiating power, and better chances of asking sellers for help with closing costs, repairs, or an interest rate buydown.

If rates fall later, you may be able to refinance. But you cannot go back and buy today’s home at today’s price if competition heats up.

#2 Sellers: Do Not Let Your Equity Sit Idle

Many San Diego homeowners are sitting on significant equity. The question is whether that equity is helping you live better, reduce expenses, downsize, buy your next home, invest, or simplify your life.

If you are waiting another six months, you may want to ask yourself: what is the real cost of waiting?

You could still sell while prices are strong, request a market value cash offer, or use your equity to move into the home or lifestyle you actually want.

Tired of Guessing?

Online information can only take you so far. Every home, neighborhood, loan, and family situation is different.

If you are tired of reading articles, watching videos, and getting generic internet advice, call or text me directly. I will give you specific advice based on your home, your timing, and your goals.

George Lorimer
619-846-1244
GeorgeLorimer.com
ProWest Properties
DRE# 01146839

Your Home Sold Guaranteed, or I’ll Buy It!*

*Conditions apply. Information is intended for general educational purposes only. Your specific buying, selling, financing, tax, and investment situation should be reviewed with the appropriate professionals.