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Tim Van Damm & Associates News
PLATINUM LEVEL & REALTOR OF THE YEAR NOMINATION
Grateful to have achieved the Platinum Level Award by the San Diego Association of Realtors, the highest recognition in the field. I’m also honored to have been nominated for the Realtor of the Year Award for the past two years.
how financially strong are homeowners throughout the country?
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national “LTV” in Q2 2022 was 29.5%, the lowest since 1983.” She continued on to say: “Homeowners had an average of $320,000 in...
Named best north county realtor for 2022
Grateful to be Named Best North County Realtor for 2022 by Modern Luxury Magazine. Thank you to my family, clients and team…could not have done this without you! Thank you for entrusting me with the Selling & Buying of Your Homes.
San Diego association of realtors recognition of excellence award
Grateful to be Awarded with the Highest Level Award Recognized by SDAR. Thank you to my wonderful clients for entrusting me with your homes.
With Mortgage Rates Climbing, Now’s the Time To Act
Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year: Q1 2022: 3.4%Q2 2022: 3.5%Q3 2022: 3.6%Q4 2022: 3.7% As the numbers show, this jump in rates is in line with the expectations from Freddie Mac. And what they also indicate is that mortgage rates are projected to continue climbing throughout the...
If You Think the Housing Market Will Slow This Winter, Think Again.
From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total...
CONTACT TIM
Interested in Selling or Buying a Home? Contact me, I would be honored to represent you.
PHONE
(858) 633-0911
ADDRESS
TIM VAN DAMM & ASSOCIATES
6027 Paseo Delicias, Suite E,
Rancho Santa Fe, CA 92067
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Luxury Real Estate News
Discover the latest news, market insights, and expert commentary from San Diego’s most coveted communities—including Rancho Santa Fe, La Jolla, Del Mar, Santaluz, Fairbanks Ranch, and beyond. Whether you’re buying, selling, or simply staying informed, our real estate news hub offers valuable updates tailored to the high-end market. Curated by Tim Van Damm & Associates, San Diego’s leading luxury real estate team.