Is Your Zip Code Immune?
Wednesday, Jul 29, 2009 | Updated 6:45 AM PDT
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A construction worker hammers nails into the framing of a new home.
Some San Diego ZIP codes seem to be immune to the mortgage crisis. A few neighborhoods have even see an increase in housing prices, according to a published report.
Neighborhoods with large price declines were fueled by low-cost foreclosure sales, DataQuick analyst Andrew LePage told the San Diego Union-Tribune. By contrast, those areas with relatively few foreclosures suffered fewer, if any, price drops.
Solana Beach showed surprising resilience in 2008, posting a nearly 25 percent increase in housing values at a time when most neighborhoods experienced sharp declines, the paper reported.
Also faring well was downtown San Diego, which saw a 7.4 percent rise in the median home price.
For the full story read the San Diego Union-Tribune article "Some ZIP Codes Immune to Crisis."
