San Diego Housing Market Factors
A few San Diego real estate factors to consider:
- First the shadow inventory is massive, investor are not normally long term holders so additional inventory in the near future,.
- Increasing number of people per housing unit now and in the future.
- Changing sentiment that housing is not cracked up to be such a great holding after all.
- The costs of both purchasing & selling a home are substantial costs often not fully considered.
- Many have found that home ownership can be very expensive when you add up the maintenance, property taxes and insurance.
San Diego housing market
Home Foreclosures Up In 3 Out Of 4 Metro Areas
2010 home foreclosures
RealtyTrac just reported home foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half.
Banks will take over at least a record 1 million mortgages this year, RealtyTrac estimated earlier this month, noting that more than 5 million loans are seriously delinquent and face foreclosure.
5 Reasons For A Real Estate Double Dip
housing market values
1. In almost all zip codes today the total economic cost of home ownership notably exceeds the total economic cost of renting. For only a small minority is this unimportant; for them the psychic benefits of ownership are real and large.
2. The majority of owners and potential owners are pessimistic about any real increase in home prices over the next five years; many are of the view that the effective purchasing power of equity congealed in a residence will actually decline over the next decade, compared with other real stores of value Read more 
Hosing Market – What The Government Should Do Now
housing market
Government should promote rational decision making, not decision making with an all encompassing belief that everyone should own a home. That is not economically viable or healthy as we are now seeing. Who will pay for this misguided policy goal? You and me.
By preventing a 30 % to 35% decline in real estate prices over a an 18 to 24 month period, The Regime has virtually assured an a 40% or greater real decline spread over a long, painful decade.
San Antonio attorney
June New Home Sales Climb
home sales
The commerce Department reported today that June New Home Sales climbed 24% from May’s sales. One should realize that May’s sales were were the slowest since 1963! Read more
San Diego Landlords in Todays Market
San Diego landlords
Prospective landlords need to factor in the risk of further declines in the value of the property and take into consideration that the pool of eligible renters in a price range is diminishing due to persistent high levels of unemployment across the country.