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2011-02-22 12:43:29
San Diego - Increased Home Prices

San Diego is one of two cities that shows home price increased. Does this mean San Diego's real estate market is stabilizing? Will their be a double dip in San Diego? Are prices in San Diego on the rise? 

According to the S&P/ Case-Shiller Home Prices Indices' released Feb. 2011 'San Diego and Washington DC as the only two cities where home prices are increasing on a year over basis +1.7%' San Diego, CA.

 

What are some factors that could cause home prices to continue to increase?

- San Diego's coastal bubble bursted earlier than other areas, with REO (bank-owned property) San Diego has had more time than other cities to absorb the inventory.

- A pause on new building developments 

- Rising consumer confidence 

- Lenders open up opportunities for home buyers to qualify for loans

- Approx. 15% of home sales in San Diego included relocation

Home Prices Report

 

http://www.theindras.com/fine/real/estate/blog

 
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