BREAKDOWN IN COMMUNICATION.
THE USS FITZGERALD IS HOME
PORTED IN SAN DIEGO. NEW
TONIGHT COVID-19 IS AFFECTING
MANY THINGS INCLUDING REAL
ESTATE, BUT UNLIKE MOST
INDUSTRIES, THE HOUSING MARKET
IS THRIVING EVEN DOING BETTER
THAN EVER BEFORE. FOX FIVE'S
JACQUELINE CIRQUE EASY AND
SPOKE WITH ONE LOCAL BROKER TO
FIND OUT WHY.
THE HOUSING MARKET ISN'T
JUST BOOMING IN SAN DIEGO YOU
WHAT WE'RE SEEING IN TERMS OF
FIRE ACTIVITY IS NATIONWIDE
JESSE'S SIKORSKY AS A BROKER
FOR LIVE LOVE SAN DIEGO HOLMES
HE'S BEEN IN REAL ESTATE FOR
16 YEARS. AND SAYS HE'S NEVER
SEEN THE MARKET DO SO WELL,
ESPECIALLY DURING A PANDEMIC
THE HOUSING MARKET DURING THE
PANDEMIC HAS BEEN CRAZY AND
WHEN I ASKED HIM JUST HOW
CRAZY IT'S BEEN. HE IS A MORE
RECENT EXAMPLE REGARDING ONE
OF HIS CLIENTS LOOKING TO BUY
A HOME THIS CELL HAD 8
OFFICERS IN THE FIRST WEEKEND
OVER LIST PRICE.
ON ON THIS HOUSE AND SAYS
IT HAS NO PANDEMIC GOING ON
IT'S IT'S RIDICULOUS TO GORSKI
EXPLAINS IT'S A COMBINATION OF
TRENDS THAT'S RESULTED IN THIS
BUYING FRENZY.
RIGHT NOW THERE ARE RECORD
LOW INTEREST RATES WHICH ARE
DRIVING UP DEMAND FOR HOME
BUYERS ACROSS THE COUNTRY IN
SOME CASES RATES ARE LESS THAN
2% IT'S ALMOST LIKE THE MONEY
IS FREE. I KNOW IT'S NOT LIKE
IT'S IT'S YOU HAVE TO PAY JUST
FOR HISTORICALLY IF YOU LOOK
AT AT THE PEAK IN YOU KNOW THE
COUPLE DECADES AGO WE HAD
INTEREST RATES AS HIGH AS 1718
19% HE ALSO BELIEVES SINCE A
LOT OF PEOPLE ARE NOT MOVING
DUE TO COVID-19 THE NUMBER OF
AVAILABLE HOMES IS LOW. THE
SHORT SUPPLY IS DRIVING UP THE
DEMAND IF YOU'RE A SELLER,
THIS IS ONE OF THE STRONGEST
SELLERS MARKETS. I'VE SEEN IN
A VERY LONG TIME BECAUSE
BUYERS ARE GOING CRAZY. IT'S
OF COURSE HE SAYS THE HOT
SPOTS IN TERMS OF WHERE PEOPLE
ARE BUYING HOMES WITHIN SAN
DIEGO COUNTY IS I HATE TO
SOUND CHEESY BUT EVERYWHERE
SIKORSKY SAYS HE IS
ANTICIPATING THE MARKET TO
CRASH BUT NOT UNTIL NEXT YEAR
OR THE FOLLOWING YEAR AND WHEN
THAT DOES HAPPEN HE'S HOPING
IT WON'T BE NEARLY AS BAD AS
WHAT WE ALL SAW BACK IN 2008
REPORTING IN CLAREMONT
JACKSON'S RTC AND FOX 5 NEWS.
NOT A CAUSE BAD WEATHER
