Economic Outlook for San Diego Looking Up for 2012

A recent article in the San Diego Business Journal by Mike Allen sites gains in the economic indicators for San Diego for the second month in a row. December saw gains in building permits, reduction in unemployment claims, increase in consumer confidence index and an increase in job advertising point to a more positive 2012.

San Diego still has some issue to overcome, the real estate market being one, but a gains in indicators for both November and December show more optimism for 2012.

On the real estate front, I am seeing an increase in serious buyers. I am getting more inquiries from prospective buyers and my recent open houses have been very well attended. I find that buyers recognize the combination of low housing prices and low-interest rates combine to make this a great time to buy a home.

Available housing inventories are down which make this a great time to sell a home as well. The limited inventory means sellers will see more traffic and have fewer competitors for buyers. They will also find that replacement homes are very attractive as well.

Advertisements

About catherinetalksrealestate

I am a San Diego native who loves everything about San Diego. I enjoy camping, hiking and reading. I am a licensed real estate agent in San Diego working with Coldwell Banker.
This entry was posted in Real Estate News, San Diego Real Estate and tagged , , , , , , , . Bookmark the permalink.

One Response to Economic Outlook for San Diego Looking Up for 2012

  1. Pingback: San Diego Real Estate Solutions Blog | San Diego Real Estate Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s