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According to various economic and real estate pundits, we’ve hit bottom and are on our way back up!
At a recent conference hosted by NSDCAR (North San Diego County Association of Realtors), John Tuccillo, a former Chief Economist for the National Association of Realtors, George Chamberlin, Executive Director of The Daily Transcript, and several other renowned experts, all seemed to agree – we hit bottom sometime around March of 2009. This graph from statistics gathered by NSDCAR shows the median prices starting to rise again after a steady two-year decline.
Of course, each niche varies and has its own specific statistics – some markets are still declining and some are going gangbusters – but overall, there is light at the end of this long dark tunnel!
With rates still at historic lows (roughly 5% with no points for a 30 yr fixed conforming loan!!), PLUS tax incentives, PLUS prices still low but drifting upwards, this is a great time to buy! As one of my colleagues put it, “if you don’t buy now, you’re either broke or stupid!” Kind of mean, but true!
Give me a call if you want to jump in and take advantage of the awesome opportunities out there right now (760-815-1318), or visit my website and do some searching on your own: www.DreamHomesByTheBeach.com. North San Diego County Real Estate – a fantastic investment in your future and a paradise to live in!
