The following charts consist of data of sold homes in San Diego County over the last two years with the exception of the first chart, which is the 30 year fixed mortgage interest rate. Most people looking to buy a home always tend to use at least these two criteria: price and location. Since location can vary greatly between different people’s wants and we are just looking at one region, San Diego, the data is separated by price. If you are interested in a particular community and price range don’t hesitate to contact me.
Several things to note when looking at the charts:
1) There are insufficient sold homes in the higher price ranges to provide meaningful results without critiquing the information more.
2) The Federal First Time Buyer credit expired November 2009 but was extended to June 2010.
3) About 10% of the US military on the east coast is in the process of being moved to the west coast.
4) In the last two years the US stock market lowest point was in February 2009.
5) Expect interest rates to increase if there are any signs of inflation.
Click on the chart to make it bigger.
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