I just read this on Schahrzad Berkland’s (remember her?) blog in regard to San Diego County:
“The low end of the housing market is stabilizing. If I were a seller, I would be raising prices on homes under $ 500,000. The sales at that level are just exploding. Mutliple offers, sales prices above asking prices, and quick sales are the norm.”
I don’t know what to believe. It just continues to look like we’ll never be able to afford a decent home in a decent zip code, and adequately save for retirement. In my section of 92104 homes (small, old) continue to sell for well above $600K.
