"I get text messages, I get emails, I get calls," said Loan Officer Mark Goldman, of C2 Financial.
Goldman says San Diego's housing market is out of balance with extremely low supply and very high demand. For instance, one of his clients was recently outbid by a cash buyer who paid 40 percent above the asking price. The Federal Reserve, however, started raising them last month -- with plans to do so six more times by year's end. The average rate for a 30-year-fixed mortgage is now 4.17 percent, according to Freddie Mac. That's up from 3.08 percent a year ago.
"Even though some people might be put out of a particular neighborhood price-wise because of the higher rates, there are still more buyers than there are sellers," said Goldman, adding that he does see the rate of appreciation slowing.