After fifteen months of gradual increases, it appears as if the real estate market in San Diego is following a positive and upward trend. A couple of reasons exist for the slow but steady home price increase. One is the fact that many retirees are retiring close to the San Diego’s coastline due to its favorable temperatures. Another reason why the market is holding steady is because homes are now more affordable than ever due to special mortgage loans and rates that are favorable towards consumers. A lot of investors are also currently buying property due to the low prices.
Real estate pros are guessing that the prices of homes in the county will either remain steady or possibly even increase slightly within the near future. Homes in the SD area are heading more towards a normal market whereas Orange County has a much higher percentage of distressed properties (36.4 percent versus SD’s 26.9 percent).
Actually, SD has actually made it to number three on the top ten list of most desirable markets for careful residential investors. Now would be a great chance to check out homes listed for sale in the area due to the favorable market.
When it comes to the job market, it looks as if that is heading towards a positive direction as well. For example, Christmas retail jobs for the holiday seasons are improved for 2010 versus 2009. Retail stores in the area are expecting sales figures to be much higher this year compared to last year. Tourism has also picked up during the summer months and auto sales have increased for 2010 as well.
In conclusion, it seems that home values are holding steady and the economy is slowly heading towards a more favorable direction. More and more individuals are purchasing homes, even in an uncertain fiscal period of time due to special FHA and VHA loans. If you are looking to obtain a home loan, it doesn’t get better than San Diego, a place where you can always count on sunny skies and a short drive to the beach.
Written by Jacqueline Star: San Diego New Homes, Chula Vista New Homes
categories: san diego,new homes,home values,homes for sale,residential home prices,residential real estate,real estate,economy,business,homes,houses,finance,uncategorized