My Crystal Ball
There seems to be something drastically wrong with my crystal ball. I have shook and shook it but it remains cloudy and hard to read and unfortunately the warranty has expired.
I literally get asked daily what is going to happen with the San Diego Real Estate market. The truth is I'm not sure. I believe we are either at the bottom are very darn close to it. Year over year sales in January were up over 130% although prices continue to inch downward. What that says is that there are lots of buyers who perceive value in homes at there current price. Buyers buy when they believe there is value. The buyer pool does not shrink and buyers do not move to Oshkosh they just don't purchase when they do not see value.
There are some great deals out there right now and with interest rates remaining low it is truly a buyers market.
A great gage of the market and a group of people to watch are the investors. Investors are buying because the price is right and the numbers make a lot of sense.
I will work on the ball and see if I can get it to work.