Tuesday, February 3, 2009
Maureen Cavanaugh: New numbers out on San Diego's housing market seem to indicate that the decline in housing prices and the threat of forcelosure is spreading. Now, it's not just subprime mortgages and lower-priced properties on the block. Numbers from this fall show homes priced $450 thousand and higher experienced a deeper percentage drop in pricing than less expensive homes.
Lawmakers in Washington say they want to stop the spread of foreclosures, keep homeowners in their homes and stimulate the real estate market. But so far, their efforts have been unclear and not very successful. As part of the KPBS series, Rough Water: Navigating San Diego's Economy , we welcome back Realtor Matt Battiata, who has recently returned from a trip to Washington where he spoke with members of Congress. And, we also welcome Kelly Bennett. Kelly is a staff writer and author of the Survival in San Diego blog on voiceofsandiego.org.
- Matt Battiata, CEO of the Battiata Real Estate Group.
- Kelly Bennett, is a staff writer, and author of the Survival in San Diego blog on voiceofsandiego.org.