San Diego market has turned

The
San Diego real estate
market ...

After FIVE YEARS of super-heated market, a BIG down-turn has started!



Many are not aware, but from about 1990 to 1997 the average home in

San Diego home lost 20% of its value!



For the last few months the

San Diego CA real
estate market has taken a turn down. Homes for sale are DOUBLE
what they were a year ago. Market times are almost double also.



Ask price reductions are becoming the norm. Sure, the self-serving insiders' say
it's just a slow down or return to the norm.



But, with an average 20% appreciation in

San Diego real estate
for the last five years, plus the EZ qualification 100% adjustable mortgages, I
believe we are in for at least a 40% drop. But, San Diego will not be alone in
our real estate drop. There are many other US markets where home values have
gone up 50% plus percent over the last five years. Just as EZ as values
increased, they will drop. Plus, with the crazy 'if you have a heart beat--you
qualify' loans, the downside looks like once started it will move down fast as
many 100% buyer find the have higher loan balances than their home's value!



If anyone wants to view the current San Diego real estate activity here are a few top sites:

www.brokerforyou.com


www.downtown-san-diego-real-estate.com