San Diego California real estate market has been improving & many are saying a bottom is in place. However, the San Diego real estate market activity after the end of the federal tax credit, indicates that San Diego home values have actually entered into a double dip down!
httpv://www.youtube.com/watch?v=q1szb-Nwm_8
I attended a seminar just before the real housing collapse who told us that new construction could not remain below about 700k a year. That would just replace units that burned or were torn down. Oops.
I think lots of people are doubling up.
Here in Phoenix, the the repossessions are starting again in ernest and there is no shortage of rental units.
I think the bottom is still to be found.
Commercial, if anyone can believe it, is worse. Two years ago cars were parked on the street at my office complex. Today there are 20 cars parked in a lot that will hold nearly 80.
gold prospecting
I still think we’ve seen the bottom in housing. Construction is so far below the level needed to keep pace with new family formations that inventories are being worked off and this will almost guarantee stronger construction activity in the years to come.
New Jersey attorneys
San Diego double dip … LOL. You are way off base on this one!
Sharon
Wow this is a great resource…. good article!