San Diego Real Estate Market Bottom
San Diego real estate market
Sure enough at some point ( sooner if the government stop to intervene at the rate it has been ) San Diego housing prices will hit bottom and the inventory will start to diminish ; some time after that, construction will resume and the economy will very slowly but surely start to grow again in a meaningful way ; but politicians are too impatient and their actions will delay this natural process , however given time market forces will trump political shortcomings ( it may take a number of years ) ; yes, I would vote Republican in November, but not expect any miracles from their retaking charge .
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San Diego Home Prices – Are We At A Bottom?
Home prices should come back to 2001 level, then we can say that the San Diego real estate market has finished it's correction.
For now, I think the San Diego real estate market is in for a very slow recovery due to unemployment that looks like it may skyrocket. This recession is just now starting. This will further accelerate pressure on the housing sector but also later on, push interest rates higher in order for banks to recoup losses. No one has even started talking about the other wave of credit mess, Credit Card debt and the huge amount of adjustable loans issued in 2004-2005 that are set for their first adjustment in 2009. san diego real estate news
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