Home Prices in San Diego Likely to Increase 4.7% in 2010 and Hit Bottom Nationwide in March

Real Estate Agent with Keller Williams Realty - San Diego Metro

Home prices in San Diego, CA are predicted to increase 4.7% in 2010 according to a report by First American CoreLogic's Loan Performance Home Price Index. The report, which measures home prices in 45 of the nation's largest housing markets, expects prices to fall nationwide another 4.2% before they hit bottom in March of 2010. This report also predicts an increase in home prices of 1% nationwide by October of 2010.

This is great news for San Diego home owners, but the report does warn that these predictions could be dragged down by bank's "shadow inventory" homes that have been foreclosed but have yet to hit the market.

Read more about the report here:

REALTOR® Magazine-Daily News-Report: Home Prices Likely to Hit Bottom in March

Comments (2)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Thanks for this link...and for the projections.   

Dec 23, 2009 03:04 AM
GARY DIGIORGIO -Denver- Arvada -Westminster
THE DIGIORGIO GROUP /(303) 898 - GARY (4279) - Westminster, CO
REOptions LLC

So  love your San Deigo....wanna be there today...it snowing and cold in Denver

Gary DiGiorgio

The DiGiorgio Group

9035 Wadsworth pkwy 2000

Westminster.Co 80021

Direct 303 898 4279

Office 303 422 5200 fx 303 467 0211


Dec 23, 2009 03:06 AM