- The Housing Bubble Blog
“‘I think there’s going to (be) a flood of distressed properties coming back on the market,’ said Jim Justus, ... “‘Put bluntly, the project was ill-equipped to deal with any slowdown in the real estate market,’ Atalon president Frederick Chin said in court documents. The development, he said,
- San Diego Real Estate 2010 Forecast - The Year of the Strategic
Many home loans are set to re-set next year since the San Diego real estate market boomed in the summer of 2005. The saving grace is that interest rates are near all-time lows and interest rate shock will not be a major factor.
- Realty Times - San Diego, California Real Estate Market Conditions
San Diego Market Outlook - February 2010; While January was a slow start for the San Diego real estate market, February showed some recovery in terms of pending sales activity. Overall sales were down from last February by almost 9%, but this was due to the unusually low pending activity in January.
- Cambrian Park Listings – 3254 Kimber Ct, San | Homes and Condos in
Will the real estate market in San Diego be affected because of the fires? ... What are real ways someone with horrible credit can invest in the real estate market? ... What excactly happened with the real estate market?
- Homes and Condos in San Jose
Buy Homes and Condos in San Jose, California ... How low do you think the real estate will go? ... I am thinking about becoming a real estate major rather than finance major because it is what interests me. What are the career opportunities in this market for real estate degree holders? San Diego Commercial Real Estate...
- 2010 San Diego
2010 may go down as the year of the strategic mortgage default because of this homeowner awakening. .... While the highly distressed markets like San Diego, will continue to be ... San Diego estate values are affected by many factors. ... If you enjoyed this article, visit Bob's San Diego real estate market blog ...
- Real Estate 2010 Forecast - The year of the strategic mortgage ...
Dec 29, 2009 ... In the summer of 2005, the San Diego real estate market reached ... Well, perhaps because this was a low cost idea involving 'investors' it never gained any traction. But, I still believe it would be a sure-fire fix to our housing ... the housing market, a real bottom will not occur, thus San Diego ...
- San Diego real estate has a California problem - SignOnSanDiego.com
The real estate market may suffer as companies flee state, analyst says ... The Baltimore-based company lured Miller away from his professorship at the University of San Diego last year to analyze the mountain of real estate data the company’s hundreds of researchers dig up — on condition that he could remain in San Diego.
- San Diego Real Estate Forecast 2010
In the summer of 2005, the San Diego real estate market reached the top, so, many homes will be adjusting soon. Interest rate shock will not be a ... San Diego estate values are affected by many elements. I have ended my opinions for years now for the following year's San Diego housing outlook with this statement:
- San Diego Real Estate 2010 Forecast: The Year of the Strategic ...
San Diego"s real estate market will most likely have another down-turn in ... Well, perhaps because this was a low cost idea involving 'investors' it never ... But, I still believe it would be a sure-fire fix to our housing doldrums. ...
6 Responses
skylarai
December 25th, 2009 at 4:00 pm
1That’s a question I been pondering myself(whether its homes in La Mesa or La Jolla).
I recall there was a surge in rental property prices & demand when the Cedar fire occurred
but that was also during the height of the housing market. My sense is that there will be a bit of an increase in demand. However, there is a huge glut of homes on the market in San Diego with over 20,000 single family homes for sale (there was only 5,000 during the Cedar fire as I
recall). As a result, I am sure there will be people that will rebuild their homes that will
need a home while they do so but whether they buy versus rent is still unknown.
I do think we will see a spike in the economy as million/billions of Federal money will be
poured into the economy to the various trades that will help people rebuild. The one thing I
have seen in the recent downturn, is the adverse affect on remodeling of homes. Since many people financed 100% loans, there is little to no equity left and the using of home equity lines
for renovation/remodeling has dropped (for example Home Depot’s stock price & profits has
dropped to a 3 year low).
Regardless there are certain markets in the county that have been unaffected by the downward
pressure of prices (La Jolla, Del Mar, etc). With the fires that occurred in some of the upper
income areas (ie RSF & Poway) we may see the home prices and demand in La Jolla & Del Mar rise and the prices in the directly affected areas of the fires go down as demand may drop in the areas hit. Typically the upper scale homeowner in these areas have the ability to own 2 homes at
once.
I wish I had a crystal ball to give you the correct answer but I don’t and will have to wait
& see.
Christia
December 25th, 2009 at 10:36 pm
2Yes, it devastates those who lost everything. After the fires are finally contained, there will be issues with insurance claims and rebuilding. Unfortunately, after the hurricanes hit in FL, LA, and TX many of the homeowners still have not settled their claims. Properties are abandoned and create an eyesore. Hopefully it will not take San Diego area as long to recover as it has in the panhandle of FL.
bud68
December 25th, 2009 at 11:48 pm
3It may have some short term effects – really too early to tell, now.
smacatxf
December 26th, 2009 at 12:41 am
4Well, there won’t be any houses to purchase. The land will remain expensive because its a desireable area and people will rebuild — California will always be the most expensive place to live, followed by NY and now South Florida
Frank J
December 26th, 2009 at 6:28 am
5I currently have a home on the market about a mile from where many houses burned so I have given this some thought. I believe it will have an impact on the market in the short term. You now have around 2000 families who need homes and there are 2000 less homes available. Thus, supply is down and demand is up. I recognize that many will be wanting to rent, but others will not want to put their families in a cheap rental property for the year or more it will take to rebuild. Thus, basic economics on supply and demand says that the prices of homes will go up.
Bob Vance, Vance Refrigeration
December 26th, 2009 at 12:21 pm
6No, it won’t change that much because of the fires. San Diego is still a desirable place to live, but you’ll likely pay a bit more because most homes will have to be completley rebuilt.
RSS feed for comments on this post · TrackBack URI
Leave a reply
Recent Posts
Tags
Categories
Pages
In Chennai Online is proudly powered by WordPress - BloggingPro theme by: Design Disease
Powered by Yahoo! Answers