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XBoxBoy
8 years ago

As always, thanks for putting
As always, thanks for putting this info together.

gzz
gzz
8 years ago

Thanks Rich.
2016 will be a

Thanks Rich.

2016 will be a big year of San Diego real estate based on these factors:

1. Unemployment below 5%

2. Cheap gasoline and natural gas for heat and electricity supports disposable income. Beyond just the savings, it creates an optimistic psychological boost.

3. Spillover from the Bay Area, which has outperformed San Diego by about 30% and is still booming

4. Rates still are low and affordability is still strong compared with historic levels

5. Very little new construction, especially near job centers. Nothing like the Mission Valley and Downtown condo booms of past years

6. Inventory levels in line with prior years that saw >10% rises

7. The era of state and local budget cuts seems to be over

spdrun
8 years ago
Reply to  gzz

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