San Diego is home to interesting architecture
Quirky homeowners have always been part of the real estate market in the United States. Some people have an affinity for styles or architecture long defunct, and other owners simply make no change to properties that have existed for the better part of a century. Homes for sale in San Diego exemplify some of the popular styles of the 1960s, and if you know where to look, you can snatch up some of these residences for an extraordinarily low price.
The San Diego City Beat claims the best example of 1960s architecture is located at 10010 N. Torrey Pines Road in La Jolla, where the Salk Institute for Biological Studies of the University of California - San Diego is situated. Farther down the road you can see the Tioga and Tenaya residence halls, both further exemplify the modern style of the times.
The news source also reports that if you drive south to the Pacific Beach area, just north of San Diego, you'll be able to find housing developments and homes indicative of the 1960s. For example, Pacifica is a neighborhood that features architecture from the early part of the decade. Concrete was apparently the go-to material during this time - even Qualcomm stadium is described as "a concrete brutality."
If you are interested in the styles and forms of the 1960s, current housing statistics are showing you should consider a home in the San Diego area.
According to the North County Times, home prices in San Diego County experienced a 4.1 percent decline in March of 2012 in the past year. If foreclosed properties and short sales were removed from the equation, this figure dropped to 1.2 percent.
Declining asking prices signal a buyer's market, because if owners are willing to sell for less, potential buyers can enjoy purchasing property at discount rates. New initiatives from Keep Your Home California will also help current homeowners stabilize the selling process through lowering the debt-to-income ratios in the region, according to UT San Diego.
"In lieu of requiring a funding match from servicers, the rate and term requirement will ensure that Keep Your Home California funding is still being leveraged to provide the best possible outcome for the homeowner and will help stabilize communities," said program director Di Richardson, according to the news source.