Tuesday, May 7, 2013

Housing Market on the rise!


Want to show great (!) thanks to Lee for doing everyone a huge service with his real estate company, Lee Avery Realty http://www.sandiegohousingnews.com/. That said, the market has seen very steady activity all this year regarding housing sales, and while some are resales, most will be new builds.

Detached houses are getting snatched off the market typically in less than 80 days, and pricing has hovered around $500K for such homes. Sales each month in 2012 were from 1500 up past 2000. The chart below proves housing is back on the rise in San Diego county. What this will mean most importantly is more emphasis put on the construction industry, more investing in the housing sector, and a huge boom in the economy over the next 10 years with interest accruing.

These are the times to get involved, and though it may be unclear how to proceed, make sure you get to work investing! The only thing stopping you from riding the wave is you!

San Diego County Numbers

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