San Diego Real Estate Outlook
San Diego Real Estate Outlook
Since the fourth quarter of 2017 the San Diego real estate market inventory has been increasing. Now, it’s still not back to normal, at least not yet. But, the San Diego real estate market has softened as the amount of salable inventory has increased. With rising home mortgage rates being offset somewhat by our strong economy, the immediate outlook for our San Diego real estate market remains clouded.
San Diego real estate market analysis – San Diego Real Estate market facts and opinion. The San Diego California real estate market has seen some tremendous home price appreciation over the last couple of years. One of the main driving factors for San Diego home appreciation has been a huge imbalance in the amount of homes available for sale. This severe shortage of inventory (well at least in the under the $1,500,000 price range) has now been easing, well at least since the fourth quarter of 2017. Read more
San Diego Real Estate Market 2016
San Diego Real Estate Market 2016
San Diego County Residential Real Estate Market Analysis: 2nd Quarter 2016
©2016 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-793-9339
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system between January 1, 2016 and June 30, 2016. The data includes all zip codes in San Diego County. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. In 2016, the projected total number of units sold for the year will be 35,648, up from 35,232 sales in 2015 (see figure 1).
Market Overview: The monthly absorption rate (number of units sold in a given month) will mirror the trend we see in the number of sold listings. The peak monthly absorption rate occurred in 2003 with 3,562 units selling per month. In 2008, the monthly absorption rate decreased to a low of 1,998 units. The 2016 projected monthly absorption rate will be 2,974 units, up from 2,936 units in 2015 (see figure 2). Read more
San Diego Housing Problem is Getting Worse
San Diego housing market
The number of delinquencies is a dynamic that obviously changes relative to the environment. I apologize for not providing some insight into the hard numbers that your above post requests. Where are we in this process and how much of the problem has already been written off? Is it getting worse, better, or going to be the same and for how long? Read more
San Diego Housing 2010 Forecast
San Diego housing forecast
How easy it would be to go along with the Industry line and jump on the over-hyped small increases in real estate sales and in some cases monthly home price increases. But, to me at least, it seems very clear that home price stabilization is temporary unless something new is done.
Here are some facts to help project what housing will be like in 2010:
- 13.54% of the 44.7 million mortgages tracked by the Mortgage Bankers Association are delinquent.
- 7.57 million homeowners are delinquent, applying the same percentage to the 11.2 million mortgages not tracked by the MBA (55.9 million total mortgages in the U.S.). That means that 10% of all homeowners in the country are delinquent.
- Based on historical trend analysis by Amherst Securities, 6.94 million homes that are already delinquent will be liquidated, which is more than a one year supply of distressed sales poised to hit the market sometime in 2010 and 2011. During Q1 2005, that figure was only 1.27 million.
- Defaults continue to grow at the rate of approximately 300,000 per month, assuring that the number of distressed sales will grow and will continue through 2012.
San Diego real estate agents
Real Esate Outlook 2009 … Economist Gary Shilling
The San Diego real estate market turn-around in 2009 seems to be the usual New Year rose-colored glasses media 'talking head' consensus.
The already crumbling housing market could plummet an additional 20%, says Gary Shilling, president of A. Gary Shilling & Co.
San Diego housing is already down over 30%, but according to Shilling, there's no near-term bottom in sight.
Excess inventory – nearly a year's worth supply – is the "mortal enemy" of any recovery in housing, says Shilling, who does not believe the Fed's efforts to lower mortgage rates will resolve the crisis.
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San Diego real estate – 2009 the Option ARM resets
Many local mortgage lenders feel that San Diego & Southern California were the prime locations for the adjustable Option ARM loans. Now, just when many believed the mortgage crisis was winding down, San Diego real estate will be facing another major obsticle.
Our first post on this problem was San Diego Real Estate … The Coming Next Wave of Foreclosures, published on 7-17-08. It took a little while, but now the major media outlets have picked up on this problem. San Diego Realtors
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