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Welcome to the April edition of the San Diego Market Focus newsletter! It's springtime in San Diego and we have included a "Guide to Summer Camps for Kids" to help you get the kids ready for summer! The real estate market continues to change and below is a great article entitled "10 Ways To Know When The Market Is Up -- or Down". Reverse Mortgages have recently come into their own and included for your review is a flyer that explains how the reverse mortgage process works. Finally, we have compiled a list on 'How to Contact Your Elected Representatives' so you can contact them if you need to. Enjoy!
The past year saw a slowdown in real estate markets across the country. But the term "slowdown" is relative and should be used with care: The vaunted housing "bubble" predicted by many never happened and some areas have seen price increases.
What did happen is what you would expect in any normal market: Local supply and demand determined marketplace trends. You can see this most clearly by looking at the data for 149 metro areas compiled by the National Association of Realtors. Seventy-one areas showed price gains, 73 had declines and five broke even in the fourth quarter.
