North San Diego Real Estate Investors Association

09/23/2026

The national median residential rent is down 0.8% Y-o-Y

The national median residential rent is down 0.8% Y-o-Y to $1,390/month, the smallest Y-o-Y decline since 7/25. Moreover, Y-o-Y median rent growth has increased four months running after declining 12 straight months and bottoming at -1.6% Y-o-Y in 4/26. Still better, median rent increased 0.1% M-o-M...

08/28/2026

HOUSING HIBERNATION

Single-family housing starts keep falling, and July’s 808,000 annualized are at their second-lowest level since 4/2020! July new-home sales of 607,000 annualized are down 6.3% Y-o-Y and haven’t been consistently this low since 2017. Moreover, median prices are at a five-year low. As a percentage...

08/16/2026

06/24/2026

With the median sales price of an existing single-family house at $409,000 in 25Q4, assuming a 3.5% downpayment and a 6.23% interest rate, the monthly mortgage payment would be $2,420/month, versus $1,240 at the end of 2020. Add taxes, insurance, maintenance, etc. and the total housing cost rises to $3,120/month. To afford that, a buyer needs an income of $120,800, up from just $68,700 five years earlier. Ouch.

With the median sales price of an existing single-family house at $409,000 in 25Q4, assuming a 3.5% downpayment and a 6.23% interest rate, the monthly mortgage payment would be $2,420/month, versus $1,240 at the end of 2020. Add taxes, insurance, maintenance, etc. and the total housing cost rises to...