San Diego Housing Prices Eerily Similar to Nevada

by Joe Salcedo on 12:34 am

I was reading a blog post today with lots of helpful graphs on California housing market, and it looked eerily similar to the Northern Nevada’s housing graph:

California Housing Graph 1989-2011

California Housing Market Graph

California Housing Market Graph

Here’s Northern Nevada’s housing price history:

Reno Housing Prices Chart

Northern Nevada's Housing Prices Chart

This backs up the well known saying (now fact, I guess) that Nevada, whether we like it or not, is tied to California’s housing market.

What does this mean for you? For those of you who like taking a peek into future (I do), you want to follow what’s happening in our neighbor’s market; both North (Frisco) and South (L.A) California’s real estate market.  I believe this will be infinitely more helpful than listening to economic pundits in cable news (local, can equally be annoying).

In these uncertain times, it’s crucial to have independent thought (backed with facts) as voices have grown louder and louder that influences the majority whether they care to admit it or not.  This is important because there is so much opportunity amidst our uncertain times.  Of course, there’s also the real possibility of failing flat on our faces.

Investment is calculated risk, do your research, look before you leap.

(I’m hopeful, though, more than I’m scared.)

Quick tip: You can follow the Reno real estate market trends here.

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