A new housing index shows home prices in San Diego have risen nearly 26 percent in the past year making the dream of home ownership for first time buyers nearly unattainable.
The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate nationally. Their latest report shows that San Diego metro had the fifth-highest price increases in the nation on an annual basis, closing out 2021 with home prices up 25.9 percent in a year.
That massive increase is the largest in California!
With home prices continuing to skyrocket I had to ask, is the American dream of home ownership slipping away from San Diegans?
I am in the market for a home and it sure feels like things are getting out of reach!
With all these questions, I needed answers. So, I decided to talk to one of the best in the biz!
Carla Farley, Immediate Past President of the Greater San Diego Association of Realtors joined the show to discuss the outlook on real estate, if anyone predicts a crash in the near future, and how new buyers can actually achieve the dream of home ownership as prices continue to climb.
Listen to Carla Farly answer the question, “Is the American Dream of home ownership dying in San Diego?” HERE!