San Diego Real Estate Market Recovery

MSN Forbes.com reports that Moody's Economy.com has forecast San Diego as nationally the number four ranked metro market with prospects for a near-term real-estate recovery. According to the report, the San Diego market is expected to turn-around in second-quarter 2008. In contrast, third-ranked Las Vegas is not expected to bottom until second-quarter 2009 and second-ranked Phoenix's rebound is likely to occur in the fourth-quarter 2008. San Diego real estate is predicted to appreciate 5.3% during the first year of recovery.