SAN DIEGO — The San Diego Home Buyer invests in people.
Led by CEO Brian Daly, the long-time real estate investing company puts its focus on improving the lives of others, rather than putting profits above people. When the SDHB buys a property in any condition, our goal is to connect homeowners with memories, whether it’s a young family or a couple looking to retire into one of San Diego’s gorgeous sunsets.
SDHB’s commitment stems from a people-first approach and living up to their word. Additionally, SDHB is a conduit for positive economic activity as each house it sells or buy spurs an average of about $171,000 in economic impact.
In total, SDHB generates about $36 million per year and that money is used in a variety of sectors whether it’s retail for new home furnishings, irrigation upgrades and home improvements, to name a few.
“Every property we touch is a chance to make a difference in the lives of the next buyer or tenant, the surrounding properties in the neighborhood, and the community at large,” Daly said. “We don’t take that lightly.”
The difference between SDHB and institutional investors like Blackstone is we sell back to people, rather than hold a property in a portfolio. By flipping the properties, SDHB invests back into our home and our communities, rather than exploiting them.
The SDHB business model was built out of simplicity and connecting with people. Over the past decade, SDHB has sold more than $116 million in properties and completed 316 projects to upgrade its investments before selling to the next owner. His job, Daly added, is to modernize the property for the next generation.
Homebuyers keep eyes on inflation
SAN DIEGO — Inflation continues to drive the economic conversation, although the level of worry varies by sector.
Bonds, and by extension mortgage rates, continue to confound, perplex and confuse economists as rates keep dropping in the face of record inflation.
Inflation came in at 5.4% for June, above economist’s already high expectations. The evidence exists within the details of that report that this can (and likely is) temporary.
In fact, concerns over future deflationary pressure might actually be more nefarious and may be playing a bigger factor than is being reported. Still, when it comes to the economy, facts matter less than perception.
Perception is reality for people, and those perceptions drive emotions, and emotions drive buying behavior which drives the economy. It’s all connected and the inflation projections and speculation continues to burn.
As a result, consumer confidence numbers for early July fell sharply and unexpectedly as a result. People are feeling the pinch. Consumer confidence can correlate with homebuyer demand, so it’s worth paying attention.
If you’re less concerned about the why you can simply focus on the result: mortgage rates remain near record lows, and it looks like it will continue at least through the summer. This is great news for buyers as long as their confidence doesn’t take a dive.
The trend of rising inventory that started in early May continued for another week. If more sellers continue to come out of the woodworks to list their homes and mortgage rates stay low, we may actually get to experience a balanced market (at least for a bit) later this year.