Carlsbad, CA (PRLEAK) – A repeat of 2005 – 2006 real estate price levels may not be on the cards right now. However, San Diego has seen a steady increase in real estate prices with an impressive 9.3 per cent hike in the past year. This places San Diego in the second spot on the Case-Shiller July Housing Index, only behind San Francisco with an 11.2 percent increase. This is despite an unemployment rate of over 10 percent.

According to Mike Murphy, a Realtor and Certified Distressed Property Expert with San Diego Previews Real Estate, there could be several factors involved. To begin with, low mortgage rates combined with FHA and VA loans have made homes more affordable for buyers. Besides, the climate of San Diego and its beaches is what attracts a large amount of baby boomers.

Mike Murphy is also of the opinion that investors can break-even on investments in real estate, which is what drives prices up. Moreover, an increasing number of people take advantage of telecommuting for a living, giving them better options when it comes to choosing a piece of real estate. A good deal of foreign investors and home buyers have good reason to believe that the San Diego real estate market has leveled out, making it easier to buy a their dream home close to the sun and sand.

Many researchers believe that San Diego has the ability to set trends in the real estate market with investors keeping a close watch. Several segments in San Diego’s real estate market have begun to recover from the major slump that left the industry tatters.

Murphy reiterates that fact that there may be ups and downs in the market but the San Diego market is most likely to come through unscathed, and set an example for the rest of the country. Among the major concerns for many are pending foreclosures and short sales, however, these are issues which are often solved with buyers moving from one property to the next and by multiple offers. Incidentally, readers of the San Diego Union Tribune voted San Diego Previews Real Estate as one among the Top Ten Real Estate Brokerages in San Diego for 2010.

Roberta Murphy San Diego Previews Real Estate

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