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

December 23rd, 2009 9:07 AM by Michael Barrow

 

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

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Posted in:General
Posted by Michael Barrow on December 23rd, 2009 9:07 AM

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