Tuesday, September 28, 2010

August homes sales see modest movement.

The housing numbers showed modest gains in the north county inland mini-market with single digit gains/losses for the most part. e.g. Scripps Ranch gained 4%, Mira Mesa gained 1%, Penasquitos gained 9%, Rancho Bernardo W gained 24%, Rancho Bernardo E dropped 7%, and Poway dropped 9%. Data derived from the association of Realtor's monthly snapshots for the local markets.

It took California seven years to recover after the recession of the early 1990s; our state is projected to add 400,000 to 500,000 residents per year over the next decade. The long term outlook for rental and first time housing remains favorable and remains as the basis for purchase decisions in the short term.

For Buying or Selling, You Need a Teacher that gives you straight answers. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at rashid@rashidrealty.com. More to follow within the next couple of weeks.

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