Why are houses in Temecula so cheap?
Property in Temecula is often more affordable than other areas in Riverside or San Diego County. Mainly because of its location inland and away from the bigger cities. Rent in this area is significantly less than in Los Angeles and San Francisco.
Is Temecula a good place to invest in real estate?
Affordable Real Estate. Temecula is a preferred residential area owing to its affordable prices. Compared to San Diego County, it’s far cheaper to settle in Temecula. Prices are also lower here in contrast to the rates in Los Angeles and San Francisco.
Will home prices drop in San Diego 2022?
In August 2022, the 30-Year Fixed-Rate was 5.22% while in August 2021, it was 2.84%. The supply is still low and with all of these factors considered, at this time, it is unlikely that the San Diego housing market will see any major price decline in 2022 or 2023.