San Diego Real Estate Market Trends for 2008

Robert T. Boyer, Ph.D., Real Estate Financial Planner for San Diego's Finest Real Estate, discusses why he expects 2008 to be a better buying year than anticipated. He places foreclosure statistics into context and comments on the great foreclosure deals available. Boyer comments on the stimulus package and loan rates. He observes that prices and interest rates are back to 2004 levels while buyer income (at 3% / yr) has increased by 12% - we are in a better place than we were 4-years ago - overall affordability is up.
Visit: http://www.SanDiegosFinestRealEstate.com

Category:

News & Politics

Tags:

• san diego real estate
• san diego homes for sale

[BlackMask2012]

"he expects 2008 to be a better buying year than anticipated"

LOL It's Dec 27, 2008. Hindsight is awesome. The market will stablize in 2010. Bottom will be 2009.

[boyerro]

The bottom of the market in San Diego was January 2009. Although it should be noted that San Diego has 3 different markets - low, mid, high - and the high end is most at risk still while the low end is full of bidding wars and price escalations.

[captjjt]

hahahahahahaha!!!!

you're gonna see more sales and that is a very bad thing. can you say capitulation?

prices are going to 1998 levels - believe it!

[boyerro]

Not.

[ghost2357]

Let's score the predictions:

1. More home sales in San Diego than in 2007. Check.

2. Home values will slide. Check minus. They more than just slid a little.

3. Good deals are available. Check

That's three for three (or 2 1/2 for 3).