The median home price in the seventh largest city in the U.S. reached $500,000 last month.
"Fueled by fears of rising interest rates, a growing job market and a persistent lack of supply, the overall median price of San Diego County homes rose 21 percent from May 2003 to a new record last month of $454,000, according to figures released yesterday by DataQuick Information Systems." The median home price for existing homes surpassed $500,000. While some real estate professionals believe rising interest rates will help to soften the market, many home buyers have forsaken their dreams of home ownership.
Thanks to Christian Peralta
Read the full story: $500,000 – For Many, House Hunt Becomes Scary, Demoralizing
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello