Found 1 blog entry tagged as San Diego housing market.

San Diego County's upward real estate cost trends match nationwide figures.

The June house price index, which tracks same-house sales for a specific period o, was up 4.5 percent nationally and 4.6 percent locally from the very same month last year.

David Blitzer, S&P's managing director and chairman of S&P's index committee, marked down any spillover effect on real estate from the presently unstable stock market, a minimum of in the meantime. Because last Tuesday, the S&P 500 stock index has dropped 10.9 percent.

"A stock market correction is unlikely to do much damage to the housing market," Blitzer stated in a statement. "A full-blown bearish market dropping more than 20 percent would provide some troubles for real estate and for other economic…

2790 Views, 0 Comments

Read Full Post