Real Estate Foreclosures Slowing, Local Home Prices Continue Dropping

KPBS | By KPBS Public Broadcasting

Published April 23, 2008 at 9:55 AM PDT

This story was published more than 16 years ago.

Local home foreclosures slowed last month, but the rate of mortgage failures is still much higher than last year. Is this a sign of improvement in the housing market, or an indication that the worst i

Tom Fudge: The story of San Diego's housing market has not changed for about a two years. What's new is how much further prices have fallen and how many more foreclosures have occurred. Here's one fact you can latch onto: the median home price in San Diego has fallen from a high of $518,000 in late 2005 to $385,000 today. We don't know how long the will slide last. But we have a pretty good idea of how the housing slide has affected our economy, and how foreclosures have affected the quality of life in some neighborhoods.

Guest

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Andrew LePage, analyst with DataQuick Information Systems .

Dean Calbreath , business reporter for the San Diego Union-Tribune .