Skip to main content

LATEST UPDATES: Election 2020: Live Results | Tracking COVID-19 | Racial Justice

San Diego Home Values Drop In 2011

Audio

Nearly all housing markets in the U.S., including San Diego, will lose value in 2011.

The housing analysis from Zillow.com shows U.S. homes are expected to lose nearly $700 billion in value this year. But the good news is losses in 2010 exceeded $1 trillion, and this year nine markets, including New Orleans and Pittsburgh, actually gained value.

Gary London, a San Diego real estate consultant, said Zillow paints a picture of a home market that's beginning to turn around.

"So this represents sort of the bottom of the bargain market. And now we're going to see a turnup, probably beginning next year," said London.

This year, Zillow reports San Diego will lose $9.7 billion in real estate value. According to Zillow, the L.A. market will lose $75 billion.

FEATURED PODCAST

San Diego News Matters podcast branding

KPBS' daily news podcast covering local politics, education, health, environment, the border and more. New episodes are ready weekday mornings so you can listen on your morning commute.

  • Need help keeping up with the news that matters most? Get the day's top news — ranging from local to international — straight to your inbox each weekday morning.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Curious San Diego banner

Want more KPBS news?
Find us on Twitter and Facebook, or sign up for our newsletters.

To view PDF documents, Download Acrobat Reader.