{"id":783,"date":"2019-07-31T14:00:00","date_gmt":"2019-07-31T21:00:00","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=783"},"modified":"2019-07-31T11:35:24","modified_gmt":"2019-07-31T18:35:24","slug":"san-diego-mortgage-debt","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=783","title":{"rendered":"San Diego Mortgage Debt Among the Highest in the Nation"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Data recorded by Experian, a consumer credit reporting company, highlighted that the San Diego-Carlsbad-San Marcos area now has the sixth-highest average mortgage debt within major metropolitan areas in the country. With a mean of $386,530 in San Diego, the average mortgage debt has since increased by 2 percent since 2018\u2019s first quarter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Different metro regions of California represent eight of the top 10 highest mortgage debt areas, with only Washington D.C. besting California with an average mortgage debt of $418,555. The fact that California represents eight of the top 10 is a significant reflection on the high cost of housing in California.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The San Jose-Sunnyvale-Santa Clara region topped the list with an average of $519,756, with San Francisco-Oakland-Fremont, Santa Barbara-Santa Maria-Goleta, Los-Angeles-Long Beach-Santa Ana, and Santa Cruz-Watsonville representing the rest of the top five in the state.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Experian also noted the mortgage debt on a countrywide level. Within the last six years, mortgage debt has increased each quarter, with the total in 2019 reaching $9.5 trillion. On an individual level, the average mortgage debt has risen by $200,000\u2014the largest amount over the last five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though the mortgage debt is increasing, homeowners are becoming more responsible with their debts. Furthermore, other components, such as low-interest rates and available inventory, make the home-searching process easier and more efficient in the San Diego area.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Photo by\u00a0<a href=\"https:\/\/unsplash.com\/@helloquence?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Helloquence<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data recorded by Experian, a consumer credit reporting company, highlighted that the San Diego-Carlsbad-San Marcos area now has the sixth-highest average mortgage debt within major metropolitan areas in the country. With a mean of $386,530 in San Diego, the average mortgage debt has since increased by 2 percent since 2018\u2019s first quarter. Different metro regions&#8230;<\/p>\n","protected":false},"author":3,"featured_media":900,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego Mortgage Debt Among the Highest in the Nation - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=783\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Mortgage Debt Among the Highest in the Nation - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Data recorded by Experian, a consumer credit reporting company, highlighted that the San Diego-Carlsbad-San Marcos area now has the sixth-highest average mortgage debt within major metropolitan areas in the country. With a mean of $386,530 in San Diego, the average mortgage debt has since increased by 2 percent since 2018\u2019s first quarter. 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