Networx

Posted by Katie Marks | G+ | Jan 29, 2014

San Diego Home Prices Leveling Out

Photo: Vanessa Vancour/FlickrIn San Diego, home prices seem to have hit a plateau, although they experienced an overall increase during 2013. Economists suspect the market will remain flat in 2014, and could slow even more -- indicators, they say, that home prizes have finally stabilized after the cycle of rapid inflation and bottoming out that characterized the economic downturn.

If they're right, this marks a turn to more fair market values in the California city, but it could also be a sign that real estate is taking a turn for the worse. In this market, it's tough to tell whether buyers or sellers are more advantaged, but one thing is certain: with housing growth remaining slow, the economy will lag behind as well. For San Diego roofers and other home professionals, the lack of activity is also bad news, because a less active market means less work for them.

blog comments powered by Disqus