Forecast: San Diego home prices to decrease

The CoreLogic Home Price Insights report says nationwide prices should decrease about 6.6 percent from May 2020 to May 2021, largely driven by high unemployment and the continued prevalence of COVID-19.

San Diego home prices will decrease 1.3 percent in the next 12 months, much less than other parts of the nation, said a forecast released Tuesday.

Zillow also forecasts the median home value in San Diego County will decrease, but slightly less than CoreLogic, at 0.9 percent in the next year. Its report cites uncertainty from buyers in the current environment, and negative economic factors before COVID-19, such as increased corporate debt and businesses scaling back on capital investments.

read more at: https://www.msn.com/en-us/finance/realestate/forecast-san-diego-home-prices-to-decrease-but-not-as-much-as-nation/ar-BB16safx

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