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Home Prices Skyrocketing, Driving Rent Prices Up in San Diego County

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It’s becoming more difficult to buy a home in San Diego County. NBC 7’s Megan Tevrizian tells us why the market is booming and what is means for first-time home buyers.

Source: http://www.nbcsandiego.com/video/#!/on-air/as-seen-on/Home-Prices-and-Rent-Going-Up-in-San-Diego-County/377520251#ixzz47cCKAtzO
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Home prices up 6.4% since last year

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Article By: Phillip Molnar | 12:49 p.m. April 26, 2016
Source: http://www.sandiegouniontribune.com/news/2016/apr/26/home-price-appreciation-slows/

Home price increases outpaced the national average in San Diego County in February but at a slower pace than usual, said the S&P/Case-Shiller Home Price Index released Tuesday.

“At this point, keep an eye on it. Don’t panic,” he said. “We’re in a good, sustainable range of price appreciation.”

Goldman said the home market could continue to do well for owners if investors decide real estate is a better play than stocks and bonds.

“I think people are more comfortable owning property than securities,” he said, noting the ups and downs of the stock market.