I can't believe I'm reading this. Just when I thought there were no honest realtors and that realty times wouldn't let one publish anything honest, BOOM - a realtor in San Diego writes the obvious - that the market has turned, that a 20%+ drop is coming and that the ponzi scheme is over
Wow.
Enjoy.
San Diego Real Estate -- A Trend to Go National?
Just this summer, it was almost impossible to find a new San Diego real estate development that cooperated with real estate brokers. If you could find a developer co-opting, it was most likely way below the traditional 3 percent rate.
Well, just a few short months have passed and a current read of the Sunday homes section of the San Diego Union Tribune shows that though the real estate market does not make discernible moves in a day like the stock market, a couple of months can easily define the local real estate trends
November 19, 2005
FLASH: San Diego has one honest realtor - writes today that market deflating
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3 comments:
This is all true. But let's not freak out. Most people want to live in San Diego. Lots of people still want to buy homes and I must add, the industry in San Diego is still adding jobs that are attracting people from other cities. There still is a supply problem in San Diego. It's just not as bad of a supply problem as it used to be.
If anything is going to cause a problem in the San Diego real estate market it's simply affordability and nothing more. The only thing I can think of that could cause that is if interest rates go up too much. Who knows how far too much is though. I've read lots of speculations, but now one really knows.
I personally think you should buy a home if you want a home. But panicking isn't going to do anybody any good except create lots of stress and confusion.
This is all true. But let's not freak out. Most people want to live in San Diego. Lots of people still want to buy homes and I must add, the industry in San Diego is still adding jobs that are attracting people from other cities. There still is a supply problem in San Diego. It's just not as bad of a supply problem as it used to be.
If anything is going to cause a problem in the San Diego real estate market it's simply affordability and nothing more. The only thing I can think of that could cause that is if interest rates go up too much. Who knows how far too much is though. I've read lots of speculations, but now one really knows.
I personally think you should buy a home if you want a home. But panicking isn't going to do anybody any good except create lots of stress and confusion.
Hellllllllllloooooooooo
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