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San Diego California Home Prices … Worst is Over
San Diego – Strongest Hosing Market in the Nation
San Diego home prices are on the rise, but, does this mean that the worst is over for the San Diego real estate market? Personally, I believe the governement tax credits( which may be mostly speeding up sales that would have occurred normally) and the fact that there is a huge number of loans due to have their first adjustment this year, could cause a double dip in San Diego housing values.
Year-over-year, the index for San Diego was up 7.6 percent.
San Diego was one of the first metropolitan areas where house prices started to tumble, and now is the only metropolitan area in the nation to show increased home prices between January and February.
Nationally, the S&P index was down .9 percent between January and February, but up .6 percent from the same period last year. Read more 
San Diego California Home Prices
San Diego California home prices for selected San Diego neighborhoods. The data is from MDA Dataquick and the graph was produced by www.websitetrafficbuilders.com
San Diego California Home Prices
Pacific Beach real estate
San Diego Real Estate – Time To Buy
Is now the best time to purchase a San Diego home?
San Diego housing
Compelling Reasons to Buy Now:
- Lowest mortgage interest rates in over 30 years
- High supply of inventory from which to choose their next home
- Sellers willing to make many more concessions than in a more balanced market
- Low home prices
- Lower property tax rates
- Deals from distressed properties in many areas
- Government financial incentives for first time homebuyers
- Income tax refunds for cash for down payments
- Los Angeles California attorneys
San Diego Home Prices Drop
San Diego homes for sales
San Diego-based MDA DataQuick reported yesterday, that an estimated 27,858 new and resale houses and condos were sold statewide last month. That’s compared to 41,837 in December and 29,458 statewide in January 2009. California home sales dipped 33.4 percent in January from December, and 5.4 percent compared to January 2009. Read more
San Diego Real Estate Recovery or Eye of the Storm?
San Diego California real estate market - www.brokerforyou.com
The California Association of Realtors released a report yesterday that showed the median price of an existing single-family home in San Diego rose to $340,190 last month, up 5.2 percent from $323,320 in March. Even with this small increase, the median price of a single-family home in San Diego is down 23.3 percent from $443,520 a year ago.
Considering some San Diego home prices are off 40%+, large home buyer credits are available, home interest rates are near 40 year lows, and the seasonably high time to purchase real estate is here, the reported small uptick in median San Diego home prices does not come as a surprise.
To my mind the key economic news yesterday was mortgage delinquency rate of 9.12% According to Bloomberg, 1 in 8 American households are either in arrears or in foreclosure. Maybe people have simply decided to stop paying and wait for their bailout. The other real estate related news yesterday was the jump in the 10 year treasury bill rates and home mortgage rates.
With the economy showing at least some signs of a “moderation” in it’s decline, we are left to wonder if the worst of the storm has pastsed or if we are simply in a lull, as the eye of the hurricane provides us with temporary relief. San Diego real estate market