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New Homes Prices Skyrocket

Today on the Southern California Real Estate Report we talk about the skyrocketing home prices.

Single family new home builds could costs you 2 million in North County San Diego.

The State is mandating a certain number of new housing units be added to the market on an annual basis.

San Diego Cities time and time again fall short of that number.

Building affordable housing is impacted by construction cost, permitting cost and land cost; those are just a few of the factors that increase the overall cost to build new homes.

As our housing market continues to heat up the question is there a market correction in sight.

We go talk about this and more on this weeks episode.