Housing affordabiltity rate nearly doubles for San Diego

July 10th, 2008 Categories: Real Estate News, San Diego County Community News

SAN DIEGO– Now that’s a headline I would like to see grace the pages of a major periodical. It’s true, the affordability rate in June 2007 was 14% and has increased to 27% this June. The unfortunate reason for this if you are a home seller or owner is the decrease in housing values.

Now if you have been sitting on the fence waiting to get in to the market this is great news for you. While not at the bottom, we are darn close forgoing major changes to the other economic factors. Mortgage rates are still low and there are some great properties, so this could be your time.

This entry was posted on Thursday, July 10th, 2008 at 2:14 pm and is filed under Real Estate News, San Diego County Community News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Comment »

Rob Saxe said:

We’re seeing more of that here as well. I’m getting ready to get back into resale just for that reason. The foreclosure activity has quadrupled over the last year. Blog’s looking good!

# 12 July 2008 at 6:24 am