Many thought “affordability” of homes was just a thing of the past, never to be seen again by homebuyers in San Diego. Recent statistics though, may prove otherwise.
In the 3rd quarter for 2007 the affordability rate of 24% had many home buyers shaking their heads. Compare that to San Diego’s affordability rate of 51% in the 3rd quarter of 2008 and things are definitely starting to look more in favor of San Diego homebuyers.
For homebuyers sitting on the fence in San Diego and across the country, many are feeling that right now just might be the time to buy. “The Bust is a Boon,” an article on CNNMoney.com, interviewed new homeowners who have taken advantage of the “affordability” in their local area. Read the article, it just might make you think differently about buying a home in San Diego during a readjusting market.
» Posted by Peter
