San Diego's real estate market will most likely have another down-turn in the year 2010, and there are many reasons why. Many home loans are set to adjust next year since the San Diego real estate market toped-out in the summer of 2005. The saving grace is that interest rates are near all-time lows and so, interest rate shock will not be a negative factor. The downbeat with these mortgage adjustments will be the ‘reality check’ factor. How many homeowners will suddenly wake up to the fact that their home is now worth tens of thousands of dollars less than their mortgage balance? Only the naive will believe that their San Diego home’s value will bounce back anytime soon. Read the full article through the hyper-link
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