Is now a good time to buy San Diego real estate?
Gretchen believes the Denver market is somewhere between Panic and Depression, but with six consecutive months of increasing sales here in San Diego, I think we might be somewhere between Depression and Hope out here. I do think a lot of the hope comes from a new President, but Hope is Hope regardless from where it comes.
I really liked the graph in this post by Gretchen Faber of Denver, Colorado. I changed the title for inclusion in my blog.
Where do you think we currently fall on this graph?
Somewhere between Panic and Depression? Inching toward Hope judging from Denver real estate’s showing activity in the past 14 days?
Too many buyers will wait until we pass Hope and head into Optimism. That may be the right time to move homes, but it won’t be the time for maximum return on investment.
Homeowners should remember that their primary residence is first and foremost a place to live, raise the family, make memories. Second - it is an investment. Investors looking for rentals, or an extremely well-calculated fix and flip, this appears to be the time of maximum value to make that purchase.
There is too much mattress money out there waiting on the sidelines. Loans are available, and homes are plentiful. Get off the fence, don’t be paralyzed by Depression.
Check out this post and others at LifeStyle Denver.
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