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Home prices still flat as sales rocket 43%

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San Diego County home prices remained virtually flat in March for the third straight month, with sales of entry-level homes the strongest, in the clearest sign yet that at least the market's bottom rung may have stabilized... Miller, a real estate professor at the University of San Diego, said he expects May and June to be “troubled months” if foreclosures increase after a period of moratoriums imposed by many banks. But he said the low rates argue for buying now.

“Prices may or may not go down more, but interest rates a year from now are likely to go up some,” Miller said. (Full Story)

ContactJeryldine Tully | jtully@sandiego.edu | (619) 260-4786
Web Addresshttp://www.sandiego.edu/business/centers/real_estate/