San Diego Real Estate 2010 Forecast Published
The Year of the Strategic Mortgage Default
With the majority seeing the light at the end of the tunnel for the hard hit San Diego real estate market, a seasoned top San Diego Realtor takes exception with the majority viewpoint of a bottom or recovery for real estate in 2010.
Bob Schwartz, a San Diego real estate broker, certified residential specialist and prolific San Diego real estate blogger, feels 2010 in San Diego may see further declines in real estate values because deep ‘under water’ homeowners will decide that they are in such a large negative equity position that continuing mortgage payments, even though they can, does not make economic sense.
Mr. Schwartz was one of the few real estate professionals who in 2005, predicted the real estate bust in his published article: San Diego Real Estate – A Trend to Go National? - http://www.brokerforyou.com/san-diego-real-estate-trend-article.htm - Mr. Schwartz again bucks the industry and the acknowledged slight improvements in the San Diego housing market with his recently published article: San Diego Real Estate 2010 Forecast:
The Year of the Strategic Mortgage Default - http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-2010-forecast-2.html
Mr. Schwartz presents convincing arguments for his negative forecast, but also, restates his very reasonable, low cost solution for a definitive stabilization and base building in the real estate market.
About: Bob Schwartz & www.Brokerforyou.com
Bob Schwartz is a Certified Residential Specialist, real estate broker specializing in San Diego real estate. Bob is an expert witness for major San Diego law firms, served on the Consumer Affairs Community of the San Diego Association of Realtors, is past president of a local HOA and co-owner of a condominium management Co., and directs a multi-state high traffic network of legal directory web sites. Bob is not only a real estate broker but has also attained the Certified Residential Specialist designation. This is the highest national professional designation a residential Realtor can achieve. The CRS designation is an honor; only 4% of all the Realtors in the nation can put these initials after their name.
- Contact Information
- Bob Schwartz
- San Diego California real estate broker
- Contact via E-mail
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