San Diego County Residential Real Estate Market 2nd. Quarter 2012
San Diego County Residential Real Estate Market Analysis:Â 2nd Quarter 2012
©2012 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339 *This part two of two Detached Housing Market Specifics – 2nd Quarter 2011 compared with 2nd Quarter 2012: Detached home sales data for the 2nd quarter of 2012 shows the highest number of sales (1887 units) were between $300,000 and $400,000. This is similar to the 2ndquarter of 2011 when the highest number of sales (1507 units) were also between $300,000 and $400,000 (see figure 5).
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San Diego Real Estate Market 2012 Outlook – Forecast
San Diego Real Estate Market 2012 Outlook - Forecast
San Diego Real Estate Market 2012 Outlook
San Diego Real Estate Market 2012 Forecast
The latest major economic news shows that the unemployment rate finally dropped below 9%. Any drop in the unemployment rate has to be considered good for the housing market in the long run. As is usually the case with government reports, sometimes one has to look beyond the headline or sound bite to really understand what’s going on. When one considers that over 300,000 of the unemployed went off their unemployment benefits last month and were no longer counted, one has to question the possible improvement this report indicates.
The reason I started with the unemployment report was the fact that it should be quite obvious that the real estate market is not going to pull us out of our malaise this time around. No, I believe only strong job growth and the accompanying drop in the unemployment rate will be the key factors in turning around the economy and improving the housing market. Read more