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2014 Predictions for San Diego Real Estate

By Mike in Downtown San Diego Real Estate|January 2014 with 0 Comments

Condo values going up

This is the time of year when everyone gets out their “crystal ball” and tries to predict what what will happen in San Diego Real Estate.  In his Union Tribune article entitled “Where will SD Home Prices Go in 2014?, Jonathan Horn has several real estate professionals address this exact issue.  Most experts believe that there will be positive growth, but have trouble agreeing on the actual % of growth.  Demand for real estate along with sill reasonable interest rates will most likely result in modest (5% to 10%) equity growth in the San Diego Real Estate market.  Keep an eye on interest rates in 2014.   All agree that they will continue to go up, but how high will be the question.   Higher interest rates will protect the national economy against inflation, but will have an affect on the affordability for the buyer.   Right now the inventory levels for San Diego Real Estate appear low.  As equity rises, will there be more sellers willing to put their homes on the market?  Also, will new construction be able to add enough new properties to make an impact on this years sales? ')}