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Are San Diego Home Prices Dropping?

Are San Diego Home Prices Dropping?

January 28, 2019

Many residents of San Diego are concerned about dropping house prices. After all, depending on how far into your mortgage you are, if your home loses a significant amount of value and you can’t sell it for as much as you need to, you could find yourself unable to purchase the new property you need. In some instances, if you only put a very small down-payment on your initial property purchase, you could even end up owing more than your home is worth. This is known as negative equity.

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