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Posts tagged ‘San Diego 2012 Real Estate forcast’

31
Dec

San Diego Real Estate Market 2012 Outlook – Forecast

San Diego 2012 real estate forecast

San Diego Real Estate Market 2012 Outlook - Forecast

San Diego Real Estate Market 2012 Outlook

San Diego Real Estate Market 2012 Forecast

The latest major economic news shows that the unemployment rate finally dropped below 9%. Any drop in the unemployment rate has to be considered good for the housing market in the long run. As is usually the case with government reports, sometimes one has to look beyond the headline or sound bite to really understand what’s going on. When one considers that over 300,000 of the unemployed went off their unemployment benefits last month and were no longer counted, one has to question the possible improvement this report indicates.

The reason I started with the unemployment report was the fact that it should be quite obvious that the real estate market is not going to pull us out of our malaise this time around. No, I believe only strong job growth and the accompanying drop in the unemployment rate will be the key factors in turning around the economy and improving the housing market. Read more »