What is the real estate market going to look like in 2008? If you plan on buying something it may be one of the best years and not so great if you will be in a position to sell! There is no question that some of the real estate markets in San Diego are going to suffer and remain flat while others will hold there ground. For buyers looking to add on to their real estate portfolio you really should consider buying bank owned property. Foreclosures are on the rise in San Diego and banks don't want to be in the business of owning real estate. This doesn't mean that they are going to give away a home for fifty cents on the dollar but it does mean that you may be able to get a better deal.
You really should consider the benefits of purchasing your first home or adding on to your real estate portfolio. The market in San Diego is still relatively strong compared to the rest of the country. If you can take advantage and buy property then go ahead and do it.