Prices to rise 1% in San Diego this year

[Steve Beebo]

At least according to CNN-Money Magazine.

http://money.cnn.com/2006/05/12/real_estate/reguide_moneymag_whatsnext_0606/index.htm

The article predicts that the median price will rise 0.9% in San Diego County from June 2006 to June 2007.

Phoenix predicted to rise 6.3%

Las Vegas predicted to drop 3.4%

If you’re interested in what they predicted one year ago, here is the link:

http://money.cnn.com/2005/05/12/real_estate/re2005_100markets_0506/index.htm

[PD]

Wow. Who paid for that piece of propaganda?

[PD]

They show Port St. Lucie in Fl going up 7%. Isn’t that one of the places in Florida that is getting whacked right now?

[powayseller]

The soft landing forecast. Too bad they didn’t explain how they came up with these numbers. Data, please!

The forecast came from Fiserv Lending Solutions, a mortgage lender/provider, and Moodys.com.

The whole thing is ridiculous. With so much inventory, how can Phoenix do anything but keep dropping. This group will have lost their credibility before too long.

[Author]

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