San Diego

The outlook for 2009 is an improvement in the San Diego real estate market. The National Association of Realtors expects sales of existing homes to increase 5.3% to 5.3 million. Also, even though there has been a decline in prices for the last two years San Diego real estate market, NAR is expecting an increase of 1.1% in sales prices in 2009. The increase in affordability caused by the declining prices, together with the extremely low interest rates, will help fuel this demand and increase in sales San Diego real estate market.

Those who have been sitting on the fence need to realize that THIS is the time to buy a home. Quite often people say they are waiting until San Diego’s real estate market “hits bottom.” However, most people don’t realize we hit bottom until prices start going up again. Isn’t it interesting that when home prices were skyrocketing, buyers were out there in force, worried that they wouldn’t be able to get a home in the San Diego real estate market? Now that prices are affordable again and interest rates are down, they are concerned about paying too much so many have adopted that “wait and see” mode. If your dream and desire is to own a home in the San Diego real estate market, you can’t expect a better time than now to take action.