San Diego Real Estate Forecast 2010

 San Diego California real estate market

http://www.brokerforyou.com/brokerforyou/ San Diego Home Forecast 2010 - Opinion on the 2010 San Diego real estate outlook. Why San Diego foreclosures will still have an impact on the San Diego homes for sale market in 2010. brokerforyou.com Bob Schwartz is a San Diego real estate broker with 30 years experience. If you own a San Diego home or are planning purchasing San Diego real estate Bob's San Diego 2010 real estate outlook is a must read. You can also search San Diego homes for sale (San Diego MLS) at: http://www.brokerforyou.com California real estate license #00706331

Our Real Estate Recession

My opinion on the root cause of our current housing bust started back with the Clinton administration. The thinking was to make housing more affordable for the masses. A noble idea, but as usual, the government’s implementation was based on easing of the traditional mortgage qualifying rules.

If lenders wanted to expand their operations there was an understanding in order to get government approval they had to comply with the easing of mortgage qualifying rules. Further, the government told the lenders not to worry about because the two semi-government agencies, Fannie Mae and Freddie Mac, would purchase all these substandard loans.

That is my opinion, and a sure to be debated explanation of how we ended up in this horrific housing situation.

downtown San Diego real estate