San Diego County Home Prices
The real estate reporting company, Dataquick, reported that the median San Diego County home price sold in April rose to $400,000, that was up 21% from April 2012!
So, now, in our housing recovery, San Diego County home prices are at their highest level in five years!
Banks are once again being pressured by the government to make loans to low income families.
Government Can’t make this stuff up. After going into a massive recession, caused in part from sectors of the banking industry being heavily influenced to give out sub-prime loans to those who couldn’t afford them, whether through CRA or red-lining laws, Obama is now urging banks to start lending out to low-income families to buy houses. This government influence into banking risk analysis procedures largely got us into the mess we are in. Those who don’t learn from history, are doomed to repeat it?
San Diego MLS home listings
Home Prices Increase
The real estate tracking company CoreLogic, just reported this morning that their home price index jumped 1.9% from February to March. But, the big news was that the index for March 2013 was 10.5% higher than the year ago period! This was the biggest increase for the home price index since March 2006. Read more
San Diego Townhouse For Sale
Just listed in the San Diego MLS. #130021714. Spacious 3Br./2Ba townhome located in the desirable Fashion Hills neighborhood. this is just above San Diego’s prestigious Fashion Valley Shopping Center, on the North rim of the Valley.
Open westerly views with both a front balcony and the large fence rear patio area. Read more
Well, for most people. Today’s real estate news was about the good home price appreciation, announced in the release of the Case Shiller 20 city index. on a number of TV and radio news reports that I heard during the day, not one that mentioned the increase in the case Shiller index said anything about the announced news today from the Census Bureau that announced the US homeownership rate dropped to its lowest level since 1997! Read more
March pending home sales improve
The National Association of Realtors just announced that pending home sales increased in March 2013 to the highest rate since April 2010! Home purchase contracts signings rose in the South, West and Midwest, and were unchanged in the Northeast.
Home purchase signed contracts were 7 percent higher than the March , 2012 figures. Read more