2020 San Diego real estate forecast
2020 San Diego real estate forecast
One real estate data firm is projecting a 5.6% appreciation for San Diego real estate in 2020. Personally, considering the fact that our San Diego housing prices have already seen some great appreciation, and depending where you get your data from, the average single-family detached San Diego home is currently $635,000 and the median San Diego detached single-family home is $693,959, these already lost the high single-family home prices will tend to slow down future appreciation just because the average San Diego incomes are making it very hard to qualify for these high mortgage amounts even when putting the traditional 20% down.
All things considered; I personally think that 20/20 will see single-family detached appreciation somewhere near 3% for the year! I understand many may not agree with my forecast for 2020 San Diego home appreciation, and that’s fine. Really, these forecasts are always hit and miss because so many economic factors combine to affect residential real estate appreciation. Sure, if someone would ask me exactly what the appreciation rate was for in a specific neighborhood, for the past 36 or one year, I’d be able to give them a pretty precise number. Yes, the reason for this is because that history, when looking into the future, as they say in the stock market, past results do not indicate future outcomes. Read more 
San Diego Home Price Gains
San Diego Home Price Gains
The latest Dow Jones case Shiller report shows that home prices on average are up for five straight months in a row.
The S&P Core Logic Case-Shiller 20-City Composite Home Price NSA Index seeks to measures the value of residential real estate in 20 major U.S. metropolitan areas: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington, D.C.
San Diego home price appreciation
San Diego home price appreciation
In a it was shown that San Diego home appreciation continued in April at a rate of 5.3% over April 2014. Surprisingly, San Diego’s home appreciation was lower than the national average for April, which came in at 6.8%.
The fact that home mortgage rates remain under 4% has been a boost to the housing market and home appreciation throughout the country. The other main factor affecting home appreciation is the fact that here in San Diego there is a supply demand imbalance. There is a shortage of homes for sale creating a very tight market. Read more
San Diego Home Prices Rise
San Diego Home Prices
With today’s release of the S&P Case-Shiller Home Price Index report, which tracks residential home price appreciation in 20 major cities throughout the United States, San Diego home prices saw a 4.78% year over year appreciation for December 2014.
The S&P Case-Shiller Home Price Index report always has a lag time of two months. Some other notable facts in this report were that the highest year-over-year appreciation for December 2014 was seen in San Francisco, where they had a 9.3% increase. Coming in close second for best appreciation for the December 2012 year-over-year, was Miami at 8.4%. Read more
San Diego Housing Market
San Diego Housing Market
The S&P/Case-Shiller index for January was just released today.
The good news, at least for San Diego home sellers, was that for January 2014,San Diego had the most improved year-over-year home appreciation!
Yes, for January 2014 the case Shiller index showed that San Diego’s residential real estate market improved by an amazing 19.4%! Read more
San Diego California Zillow First Quarter Real Estate Market Report
A just released Zillo report showed that home values continued to slide for the ninth consecutive quarter, declining 14.2 percent from a year ago, and falling 21.8 percent since the market peak in 2006. Additionally, one-fifth (21.9%) of all homeowners in the United States is in negative equity, and one in five homes sold in the past 12 months was a foreclosure.
The Zillo report also showed that there is a massive amount of "shadow inventory" waiting to come online. Specifically, 12% of homeowners say they're "very likely" to put their home on the market if there was evidence that the market was turning around. Another 8% were "likely" and another 12% were "somewhat likely". In short, there might be another ~20 million homes waiting in the wings to come onto the market as we see signs of a recovery. When asked what "sign of recovery" they needed, 71% said "increasing home sales in my neighborhood". That's a massive amount of potential new listings. San Diego real estate agents