I'm certainly excited to be back after some time and hope that this blog will once again provide some important information regarding the collapse of the San Diego housing market. Its been nearly six months since I last posted here and I just want to take some time to compare my last post and where we are now.
As the graph dramatically indicates the inventory of homes in the county under $500K with at least 1750+ sq ft, 3+ bedrooms and 2+ bath more than doubled in six months and now account for nearly 14% of the total inventory, compare to under 5% last July.
This represents a significant deterioration in the underpinning of the San Diego market.
All indications are pointing for more corrections in the housing market as tighter lending standards and full disclosures are prevalent. I will continue to track this and keep you updated.
