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The price of a San Diego County home could increase by more than 8 percent this year, more than anywhere else in the nation, according to a forecast released Jan. 5.
Real estate analyst CoreLogic said the price of a single-family home in the county will increase 8.3 percent from November 2020 to November 2021. That means the median price of house could be around $776,000 by the end of the year.
CoreLogic said the main reason is a lack of homes for sale that will push up prices as buyers fight it out. A secondary factor is income growth for highly skilled positions in San Diego County.