Housing plan for San Diego Owner

Obama’s housing plan means well in helping avoid further foreclosure to 9 million people who falls to 105 LTV.  What does this mean to San Diego?   Majority of the homeowner in San Diego are so upside down that the housing aid would be minimal.  There’s also no clear cut how its going to actually trickle down to the homeowner until further regulation have been drawn.  Homeowner’s in San Diego did not see much of the aid from the last stimulus plan.  I’m afraid this will further prolong the recession and recorvery will be almost impossible.  It’s a good sign in San Diego that MLS listing is down 18.1 percent from a year ago which point to signs of recovery but prices in San Diego county will continue to decrease.  When is the bottom?  No one can really predict but low interest rates and low housing prices equals great home purchase.

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Michael Carter
San Diego Real Estate Agent
MTC Future Realty
(619) 488-5774