San Diego Real Estate 2011 Forecast

San Diego Real Estate 2011 Forecast

I foresee another year of San Diego home value erosion.

The only bright spot in 2010, was the Federal and California state home buyer credits that artificially created and temporally created a modest home value, short lived average price up-tick.

Some of the reason's continued trouble ahead in 2011, are the attitudes formed toward homeownership by first time buyers, the impact of California's own Cap & Tax energy program, past overbuilding of high end homes based on false loan qualification practices, and the large amount of foreclosures banks still have to process. * Read the full article: San Diego real estate market 2011 forecast