San Diego Homes The Best Investment Of The State

If you’re nervous about the effect of coronavirus on the value of your home, fear not.

Indices show that San Diego remains the most reliable investment in the state.

San Diego County prices not only increased in March, they also outpaced all other markets in California.

S&P CoreLogic Case-Shiller Indices report home prices in the metropolitan area increased 5.2 percent this year.

Analysts largely attributed gains in San Diego home prices to plunging mortgage interest rates and reductions of the number of home listings. 30-year, fixed-rate loan was 3.45 percent in March, down from 4.44 percent at an equivalent time last year.

Home price increases are also accredited to low home inventory as many sellers took homes off the market, resulting in bidding wars.

Regardless of who is buying, many analysts say expecting a drop by prices — even with unemployment reaching Great Depression levels — is unlikely with potential buyers outnumbering sellers in many markets.

Are you thinking about selling your home?

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