Category Archives: Housing Crisis

August 2016 San Diego County Real Estate Report and Interest Rates

August 2016 San Diego County Real Estate ReportThe market slowed down in July with fewer pending and closed sales compared to June. But because there were also fewer new listings, inventory stayed at a very low 2.4 months’ supply countywide.

Real Estate Report

This low inventory continues to keep pressure on home prices in San Diego and North San Diego County. A lack of resale homes, rising prices and a dearth of middle- and low- income building is causing a housing crisis for both buyers and renters. It is hitting the middle class especially hard.

KPBS™ interviewed Matt Adams, vice president of San Diego’s Building Industry Association. He says new housing is creating an “hourglass” market by building more homes for people at the top and bottom of the economic ladder, but few for people in the middle.

Interest Rates

Market Updates

Click on the links below to read the full housing statistics reports.

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