Monday, August 23, 2010

Real Estate: What does the foremost economist have to say?

So last Friday, the San Diego Association of Realtors (SDAR) held a summit and the chief economist for the National Association of Realtors (NAR), Lawrence Yun, was a speaker. The predictions were generally conservative. "Housing starts figures have been low. Once the jobs figures come around, things will turn. 1.5 million jobs will be created annually over the next two years, with unemployment dropping to 8% by 2012 and 6% by 2015. Home prices are expected to remain steady but interest rates will climb out of the current low levels to around 6.2 by 2012." There was no concrete reason for these predictions that I could sink my teeth into. As always, foreword looking information can not be fully relied upon and everyone that predicts puts spin on data that validates their argument! I can assist unravel these for San Diego's micro-markets. Being in the trenches locally, I experience this first hand and am able to keep my finger on the pulse.

For Buying or Selling, You Need a Teacher that gives you straight answers. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at More to follow within the next couple of weeks.

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