July 16, 2024

San Diego housing recovery - brokerforyou.comSan Diego real estate appreciation will never be the same without insanely-loose credit. Where will the spending for a housing recovery come from? People are tightening their belts, and it's not a temporary thing.

Our lifestyles have to change, and it's going to be ugly combined with all the other factors (like $51 trillion in unfunded government liabilities).

If a San Diego housing recovery means getting back to 2005 highs, that seems unlikely in the next 2 to 3 years; maybe in 8 to 10 years. Stimulus packages and bailouts may allow the San Diego housing recovery pipe-dream to continue a little longer, but confidence is broken and mortgage lender responsibility is out the window.

I know this forecast is not something that any San Diego homeowner wants to hear right now, but it's a harsh possibility that we all have to accept.

It would be better for the news outlets, politicians, pundits, realtors, et al., to start telling people the truth, rather than filling their heads with pipe dreams, whilst they attempt to thwart reality and prolong the inevitable.

Needless to say, I hope I’m wrong and 2009 is the long awaited return to San Diego annual real estate appreciation.

Prior related posts:

San Diego Real Estate to Drop 20% in 2009?

San Diego Home Mortgage Lenders … Hardball or Common Sense?

Existing Home Sales Increase … Prices Fall

Commercial Real Estate Slump Possible in 2009

San Diego Real Esate Sales Increase

Next … Direct Housing Bailout?

New Home Construction Falls

California Home Prices Forecast to Fall 6% in 2009

San Diego Condominium Sales Price Appreciation

 San Diego real estate

 

 

8 thoughts on “A San Diego 2009 Real Estate Market Recovery?

  1. It seems clear that housing values are headed downward at least another 15 to 25% and I am a bit stunned that anyone besides home builders, Realtors & homeowners trying to sell would assert “now is the time to buy.”

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