Volume of Home Sales Up In San Diego

Compared to seasonally adjusted values, the volume of sales for San Diego Real Estate is up over the past three months.  Given all the other characteristics of the market, it seems that this is most likely solely due to the pressure to close sales before December 1, 2009 created by the original First Time Homebuyer Tax Credit

Now that the tax credit has been extended and expanded, I expect sales will continue to remain strong through June - when the current tax credit expires.  However, I believe there is a possibility that the tax credit might again be extended, depending in large part on the economy as a whole.