San Diego real estate market activity picks up
Reports from a major title company, and various local real estate agents seem to indicate a pick up in San Diego real estate activity, Could this be an actual turn-a-around?? [tags]San Diego,California,San Diego real estate,California real estate, real estate market, housing market{/tags] Little Italy real estate
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5 Comments
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Well Looking at the last downturn there were many small turnarounds followed by even bigger downturns. This thing has just started to fall, Future buyers need to wait at least two years to really see a picture.
In my humble opinion the real state market is headed for a crash much
in many ways resembling what happened in Japan during the 90’s. Our
stock market followed Japan’s lead 10 years later our housing market
followed theirs 10 years later. If you put a chart of the Japanese
real state market from 1980 to 2000 it mirrors the real state market
in the US to a T from 1990 to 2005 and just around here is when theirs
went flat.
I’m renting and waiting to scoop up at half price, just like Buffet.
San Diego Lasik eye surgery
Certainly one reason your “things are improving” story has so much appeal in the media (as we see all over now) is that we _need a new storyline_.
That’s just a reality of the press. Yesterday’s story (price declines, possible bubble burst) is old, so why write it?
Tomorrow’s story (“back to normal” is one comforting option) is much more interesting, quite apart from any real real estate data or evidence or housing historical experience.
It seems that SD real estate follows about a 10 year boom to bust cycle; perhaps it takes 10 years for people to forget the last bust.
Fran
San Diego County Dentistry
The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay.
Jeremy
San Francisco California Lawyers