Housing Market to remain weak Through 2008
"The housing market is profoundly weak,” said Ken Mayland, president of Clearview Economics. “The economic slowdown really took hold in the third quarter, and, I think, it is going to basically continue through the first half of next year.”This underscores an important fact about the economy. It can be temporarily bolstered by an irrational buying trend, but eventually it returns to reality. 2007 appears to be headed for a reality check." real estate San Diego [tags] real estate market real estate, housing, housing market, San Diego real estate, real estate bubble, California real estate, San Diego home values[/tags]
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4 Comments
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Even when the San Diego real estate market stops the decline, it will take years to build a solid base before we can see any solid return to home appreciation.
I would predict the very same, maybe by 2009 prices will increase?
Robert
San Diego County Real Estate
Well, I’m not so sure. Maybe we’re closer to hitting rock bottom than you think. Great blog though!
Miranda
San Diego County Family Dentistry
Guess I should buy now then!
Stacy
San Diego County Law