High Unemployment Means More La Jolla and Rancho Santa Fe Foreclosure Problems - And Opportunities for Buyers

Posted by Dennis DeSouza on Wednesday, December 22nd, 2010 at 4:55pm.

Newly released figures show that the unemployment rate throughout the country is now at 9.8%. That's higher than it was in the previous month, and it spells problems for the real estate market if you're a seller or if you're just trying to stay in your home. San Diego isn't fairing any better than the rest of the country when it comes to people losing their jobs, and even places like La Jolla and Rancho Santa Fe are seeing more and more people who simply have to move because they can no longer afford the home they once easily paid for.

It's a difficult time in real estate, but all is not lost. Buyers who have good credit and a down payment are still able to purchase homes, even in high-end real estate markets like La Jolla and Rancho Santa Fe. Banks are being more careful, but they haven't stopped lending. Many of them are still working with people who already own homes, too. They're trying to keep them in their homes, or help them sell if they just can't stay. If you're looking to buy, foreclosures are all over the San Diego area, and there are plenty of houses to look at that would be wonderful places to call home.

Unemployment can be tough, but there are also jobs to be had in and around the La Jolla. If you're willing to work and you're interested in finding a foreclosed home in La Jolla or Rancho Santa Fe that you can buy and make your own, now would be a good time to explore your opportunities in these areas.

1 Response to "High Unemployment Means More La Jolla and Rancho Santa Fe Foreclosure Problems - And Opportunities for Buyers"

Jenay wrote: A minute saved is a minute eraend, and this saved hours!

Posted on Friday, January 13th, 2012 at 12:00pm.

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