Friday, May 22, 2009
The latest housing figures out this week show that the market may be stabilizing. The median home price in San Diego County increased slightly to $290,000 last month, but local prices are still down 44 percent from the market peak in November 2005. What do all these numbers mean for people who are interested in buying or selling a home right now?
Gloria Penner: This week began on a high note. On Monday, the stock market shot up on encouraging reports from the housing sector. Some economists were declaring that Armageddon is behind us. Is the local housing market starting to stabilize? If so, what does that mean to people who are thinking about buying or selling a home right now?
Bob Kittle, editor of the San Diego Union-Tribune editorial page.
John Warren, editor and publisher of San Diego Voice & Viewpoint.
Tim McClain, editor of San Diego Metropolitan Magazine.