San Diego home prices up 388% in 30 years, what about the next 5 years
George Lorimer
Saturday, April 3, 2021
Is it still a safe bet to buy a home?
Most people say yes, evidenced by the current buyer demand.It has always been a supply and demand market for housing. Fortunately, the supply is limited geographically, Marine base to the North, Mexico border to the South, Pacific Ocean to the West, and Mountains to the East. Also, there is a general "no growth" policy and moving towards attached units.
One threat is an increase in interest rates making it less affordable and lowering demand.
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George Lorimer at 619-846-1244
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