Good Morning America: San Diego is the a Top City to Buy a Home Now

Good Morning America recently ranked the "Top 5 Cities to Buy a Home" and San Diego came out #3 in the nation, after Virginia Beach, VA and Albany, New York.

According to an article accompanying the show:
More than a third of homes in San Diego are foreclosures, which could result in possible bargains in a normally costly market.

The home values are falling, but statistics indicate San Diego will bottom out in the next year.
"San Diego is not at a bottom yet, but it will hit a bottom at some point in the next year," said Amy Bohuntinsky, of Zillow.com "That's something that we can't say about a whole lot of markets."

"The market appears to be turning the corner for the better, inventories are beginning to shrink and this is a good sign that home prices will soon stabilize in many parts of the country," Yun said. "We are beginning to see buyers coming back to the marketplace, and the housing market appears to have turned a corner for the better."

Click here for the entire article.