Real Estate Market Trends
We all know the old saying, that a picture is worth 1000 words, so I’ll keep my words here very short. The two graphs below should prove to anyone who is doubting the real estate market recovery, that this recovery is for real!
As for the San Diego real estate market, I can definitively say that the majority of the activity seems to be in the starter home market range … basically homes and condos under $350,000.
No, I’m not going to say run out and buy now before prices continue to escalate. We each have to decide on our own whether the current trend will continue, or peter-out as some have forecast. But with that said, I think with today’s prices, combined with the unbelievably low home mortgage rates, if one is planning to stay in a property for at least 10 years or so, getting into the San Diego housing market today might be a prudent move.
I still believe that my San Diego 2013 real estate Outlook, which I publish here in late December is still very accurate.
