Spring Home Buying Season Underway In San Diego
Monday, March 18, 2013
Aired 3/18/13 on KPBS Midday Edition.
Michael Lea, President, SDSU Corky McMillian School of Real Estate
Gary London, Real Estate Economist, London Group Realty Advisors
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.