San Diego short sale

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Monday, September 1, 2008

Home Prices in San Diego Down 24% compared to second quarter 2007

Click on the link below to see how San Diego home prices fared relative to other markets.

Housing market shows a hint of hope - USATODAY.com
Other data released Tuesday also show the market remains weak. The Office of Federal Housing Enterprise Oversight reported that home prices nationally were 1.4% lower in the April-June quarter of 2008 vs. the preceding quarter, and down 4.8% from a year earlier. OFHEO analyzes prices paid nationwide for residences financed through Freddie Mac and Fannie Mae.

In July, according to a report from the U.S. Department of Commerce, new homes sold at a seasonally adjusted annual rate of 515,000. That rate is up 2.4% from June but is 35% below the July 2007 sales rate.