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Spring Home Buying Season Underway In San Diego

Evening Edition

Above: Michael Lea, the president of the SDSU Corky McMillian School of Real Estate, and Gary London, a real estate economist with the London Group Realty Advisors, talk to KPBS about the spring home buying season.

Aired 3/18/13 on KPBS Midday Edition.

Guests

Michael Lea, President, SDSU Corky McMillian School of Real Estate

Gary London, Real Estate Economist, London Group Realty Advisors

Transcript

It's not just flowers that start to come out in the spring. It's also the season that homebuyers start entering the real estate market in numbers. Spring 2013 is shaping up in some favorable ways for San Diego buyers and sellers.

But there are also some threats looming, like the effects that sequestration and a possible government shutdown could have on real estate.

As KPBS' Erik Anderson reported earlier this month, San Diego home prices jumped 18 percent from a year ago while interest rates remain low.

Some real estate experts say while interest is growing among homebuyers, it's slim pickings. Inventory remains tight, which is fueling the rise in prices.

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