The national Real Estate market statistics are derived from crunching the numbers from the top 50 Real Estate markets and assigning weights to market factors.  With that said,  home-buyers may be surprised to find that home prices actually rose in 15 of the 50 markets.  The downturns have been largely confined to specific geographic areas of the country within four states – California, Florida, Nevada and Arizona.  What most people do not realize is the state averages in California are being pulled down most by Riverside County in Southern California and San Joaquin County in Northern California.  San Joaquin County has had the most foreclosures in California with Riverside County coming in second.  Conversely, these two counties have also seen an increase in sales because the homes are more affordable due to the price changes.

Thank you for reading,

Mark and Kari Shea – Shea Real Estate & Investment Group

For more information on San Diego Real Estate, go to www.Shea-RealEstate.com