Where is Real Estate Safe?

A word for our sponsors . . .
One of our sponsors, Dream Home Magazine, issued a release this week. They claim that real estate for homes in the price range of a million dollars plus, is still hot in Southern California counties. Nationally, prices are falling especially on the West coast and in the North East. Prices are falling in Florida and slightly through the rest of the South, where they were not quite as inflated.

Dream Home Magazine claims that san diego real estate in particular is holding steady partly due to the retiree's moving into their dream homes looking for the warm sub tropical climate. That is a similar demographic moving to the south east and Arizona areas as well. However, in the SouthEast you will also find a lot of people moving to that area not just to retire but also following jobs and businesses setting up plants in low tax states. It will be interesting to see if San Diego is actually able to hold out with home prices on the upper end of the scale. A family member recently sold their home in San Diego last summer and they watched the price fall by about 5% while it listed. For buyers that is good news, for sellers, not so good.