So, the first quarter of 2008 is over and things are still relatively slow in the San Diego real estate market. I came across the San Diego Market Monitor where some 2008 predictions have been posted. Here are more predictions from a San Diego real estate broker.
My gut feeling is that interest rates are going to decrease as we head into the middle part of 2008. I don’t have any scientific analysis or data to support this hypothesis - again, it’s just a gut feeling. Perhaps all this talk about a recession will spur some rate cuts.
Here is a video of Robert T. Boyer of San Diego’s Finest Real Estate talking about the housing market, loan rates, and his own predictions for this year. Dr. Boyer says that the 5 things to look out for are:
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