Every month, The Torres Team holds a monthly giveaway on our Facebook page.  This month, we're teaming up with AleSmith Brewing Company for our October giveaway! 

On Friday, October 26, AleSmith is transforming into a haunted tasting room to throw the BIGGEST Halloween Bash in town!

Enter here to win tickets for two "Adult Trick or Treat" Beer & Candy Pairings!


Our Listings:




1973 Casablanca Ct, Vista, CA 92081 | The Torres Team

Located on a corner cul-de-sac, this well maintained Shadowridge home offers new dual pane...

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 Located in the heart of Shadowridge! Located at the end of a cul-de-sac, this home features:

Master suite with his & her closets
Large loft
New dual pane windows throughout
Stainless steel appliances
3 car garage with epoxy flooring
Air conditioning
Corner lot


Real Estate Market Update:

When it comes to today’s real estate market, the top two factors to consider are what’s happening with interest rates & inventory.

Interest Rates

Mortgage interest rates have been on the rise and are now over three-quarters of a percentage point higher than they were at the beginning of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.72% for a 30-year fixed rate mortgage last week.

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be over 5% by this time next year.

Inventory

A ‘normal’ real estate market requires there to be a 6-month supply of homes for sale in order for prices to increase only with inflation. According to the National Association of Realtors (NAR), listing inventory is currently at a 4.3-month supply (still well below the 6-months needed), which has put upward pressure on home prices. Home prices have increased year-over-year for the last 78 straight months.

The inventory of homes for sale in the real estate market had been on a steady decline and experienced year-over-year drops for 36 straight months (from July 2015 to May 2018), but we are starting to see a shift in inventory over the last three months.

If you or someone you know is planning to enter the housing market, either as a buyer or a seller, make sure that you give us a call so we can help you navigate the changes in mortgage interest rates and inventory.


From pumpkin patches and apple picking to Fall festivals and Oktoberfest, here are 22 fun Fall activities in North County and beyond.

22 Fun Fall Activities in San Diego North County (2018 Guide) | YNC

There are so many fun fall activities in North County San Diego. We don’t let the weathe...

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