San Diego Housing Values Outlook

San Diego housing market

I can give about 10 good reasons on why buying San Diego this year may not be the optimum time:

1- Interest rates will eventually rise
2- Massive foreclosures flooding the market over the next 24 months
3- Federal stimulus is ending (though it could be extended)
4- Unemployment at 10% (In reality this is most likely closer to 17%) and rising
5- Pay cuts to those who are working
6- Next to impossible to get a loan without 20% down – who has that kind of cash laying around these days
7- Banks are still holding a massive amount of mortgage backed securities on their books
8- 23% of all homeowners are upside down on their homes right now
9- When inflation takes hold, the cost of gas, groceries, energy bills, and other daily expenses will go through the roof. People will have less money to spend on housing.
10- Commercial real-estate is starting to collapse which will be a double whammy to the residential market.

San Diego bail bonds