Double Dip in San Diego County Home Values?

On November 11, 2010, the San Diego Union posted an article reporting that San Diego County, as well as other key metro areas in California, might be experiencing a “double dip” in home prices. According to the article, ” .  .  . The National Association of Realtors ranked San Diego as 50th best market out of 155 in terms of home-price appreciation in the third quarter, compared with the same period last year. The third-quarter median price for single-family resale homes was $387,600, up 2.5 percent year over year.  .  .  But the group also reported a downturn for San Diego from the second to the third quarter in terms of median prices.  Zillow.com picked up the same trend, based on estimated home values after excluding foreclosures. The Seattle-based company said San Diego and four other California markets were the only ones nationally that posted price declines in the third quarter after five quarters of increases.”

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