Maybe San Diego Will Be the First to Crack

As we continue to look for signs of a slowdown in house price appreciation around the shore, it helps to keep track of other hot housing markets. San Diego seemed to be one of the hottest last year, but now it looks like it is starting to cool down.


“Sales of San Diego apartment complexes plunged in the first quarter, as rising prices kept more investors on the sidelines, according to a report from Burnham Real Estate Services.

The decline could signal a change in San Diego County's red-hot market for apartment buildings. As with single-family homes, apartment complexes have seen huge gains in both sales volume and prices in recent years.” Continue...