Home Prices Go Down In San Diego


SAN DIEGO -- Home prices in San Diego were down nearly 10 percent in November, according to DataQuick Information Systems.


Analysts said depressed market prices, the sale of foreclosed properties and the first-time buyers market are reasons for the lower prices.

http://www.nbcsandiego.com/news/14878110/detail.html?dl=headlineclick

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excellent news!

So, is now the time to buy, or are prices still going to plummet?

I would assume they will still go down, as people are still coming up on that rate adjust period, correct? I am about to re-sign my lease with the goal of buying something after this lease is up.

If prices are still coming down for a year, I'll be golden when it is time to renew next year. Buh Bye Apts, hello mortgage.

So, is now the time to buy, or are prices still going to plummet?

I would assume they will still go down, as people are still coming up on that rate adjust period, correct? I am about to re-sign my lease with the goal of buying something after this lease is up.

If prices are still coming down for a year, I'll be golden when it is time to renew next year. Buh Bye Apts, hello mortgage.

2008 will be a year of declines, if not well into 2009.

Go month to month if you can to give you some flexibility, or better yet, get a roomie or rent a room for $400. Rent in MV is way too high for what you receive in return.