Fires Aren't Expected to Dampen Home Sales

According to an article by the San Diego Union-Tribune, San Diego County's already fragile real estate market should feel little ill effect from the week's widespread wildfires. However, some of the harder hit communities can expect a dip in home sales in the coming months, housing experts say.

While housing sales countywide remain at record lows amid sharply rising foreclosures, it's unlikely that the loss of at least 1,400 homes, as high as that figure sounds, will dampen a market that logs thousands of sales each month, said analyst John Karevoll of DataQuick Information Systems.