4
Nov
San Diego Home Prices – The Key To The Future Trend
San Diego home price
San Diego home prices: will they improve, stabilize or continue to erode? Anything can happen especially when you consider there are potentially another 8 million homes that could be foreclosed on in the next 4 years. However, if you look at the current national average home price it is back to around 2003 levels, which is before homes values began to increase by double digits, the norm being 3-5% year prior to this.
The key to housing stabilization/improvement is job creation. Once the unemployment stabilizes and reverses, home prices will level out. The longer it takes for unemployment figures to improve, the lower home prices will go.