As we move into mid-August, the real estate market is absorbing a wave of updates from the Federal Reserve, new developments in the labor market, and persistent challenges in the housing sector. If you're a homeowner in San Dimas or nearby communities like La Verne, Glendora, or Covina, here's what you need to know — and how it could affect your equity.
📉 Fed Meeting: Interest Rate Outlook Remains Uncertain
The Federal Reserve held rates steady at its most recent meeting, but comments from Chair Powell hinted that they’re still not ruling out another increase if inflation doesn’t cool further. While inflation has eased from its peak, the Fed is still walking a tightrope — trying to manage economic growth without triggering another surge in prices.
Why this matters for real estate:
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Mortgage rates are hovering around 6.75–7.25%, keeping some buyers on the fence.
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But in high-demand areas like San Dimas, well-priced homes continue to sell — especially as buyers lock in before potential future hikes.
💼 Labor Market: Cooling, but Still Strong
The U.S. labor market showed signs of modest cooling in July, with job growth slowing slightly and wage increases flattening out. While unemployment remains low, fewer job openings indicate a shift toward a more balanced employer-employee market.
What this means for housing:
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With job stability still high, buyers are active — but cautious.
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Many are looking for value and flexibility, which favors move-in-ready homes priced appropriately.
🏠 Housing Inventory Still Lags in San Dimas & Surrounding Areas
Inventory levels remain tight across the San Gabriel Valley, especially in San Dimas, where proximity to freeways, top-rated schools, and outdoor space continues to attract buyers. While some markets are seeing slight inventory increases, the lack of new listings continues to put upward pressure on prices.
If you're considering selling, this could be a window to capture strong buyer interest before inventory picks up this fall.
🧠 What San Dimas Homeowners Should Do Right Now
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Stay informed. National trends matter, but local market behavior is what really affects your home’s value.
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Get a current valuation. Even if you're not ready to sell, knowing your equity position is key to making smart financial moves.
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Think ahead. If you're planning to sell in the next 6–12 months, the late summer market might offer a better environment than a potentially shifting fall market.
💬 Want to Know What Your Home Is Worth?
I'm Albert Pasillas — local San Dimas real estate expert with over 22 years of experience and $100M+ in closed sales. I specialize in helping homeowners make the most of their equity, including those with trust, probate, and inherited property sales.
📍 Serving San Dimas, La Verne, Glendora & Covina
👉 Let’s chat — no pressure, just honest guidance.
