buying a short sale, foreclosures and short sales  Foreclosures and short sales were not nearly in the headlines back in 2005 as they are today. According to numbers from Standard & Poor's/Case-Shiller Index, resale on homes has dropped 30 percent in San Diego. San Diego is place associated with high home prices. Even after this 30 percent decline the median home price is 364,000 dollars. Compared to the national median for single family homes at 213,000 dollars, San Diego is still well above the average. This could mean great things for those investors interested in buying a short sale property in that area.

San Diego will continue to expand and is a place many people wish they could live. It is on the ocean, modern and close to our neighbors to the south, which can mean cheap dental and medical supplies not to mention vacationing on the Baja Peninsula. Foreclosures and short sales in San Diego should be considered by any investor interested in this market.

I would recommend holding out a bit longer before buying a short sale in San Diego. Home prices are forecasted for continual decline.