Great read! Thanks for the link. I have closely studied the last few real estate cycles in CA and without a doubt, the strongest factor is employment. Even in the late 1980’s when interest rates were over 10% and housing prices increased…unemployment was below 6%. If you analyze area’s that are still holding or slightly appreciating, they almost always have lower unmeployment. This is true now and it was true the last 2 cycles.

Great read! Thanks for the link. I have closely studied the last few real estate cycles in CA and without a doubt, the strongest factor is employment. Even in the late 1980’s when interest rates were over 10% and housing prices increased…unemployment was below 6%. If you analyze area’s that are still holding or slightly appreciating, they almost always have lower unmeployment. This is true now and it was true the last 2 cycles.

Good article. And it fits San Diego’s past markets – declines in home values when General Dynamics shut down, when the defense industry contracted in the late 80’s, early 90’s.

I suspect we’ll see some more job loss here in San Diego… The cell phone industry is getting hit hard – which effects several local employers: Qualcomm, Sony, Nokia, Kyocera, Motorola. The bio-tech is facing some stress. The real estate market decline and financial crunch doesn’t just hit banks and realtors – it hits financial planners, architects, strip mall developers, etc. The high end jobs are getting tighter here in sunny San Diego.

Good article. And it fits San Diego’s past markets – declines in home values when General Dynamics shut down, when the defense industry contracted in the late 80’s, early 90’s.

I suspect we’ll see some more job loss here in San Diego… The cell phone industry is getting hit hard – which effects several local employers: Qualcomm, Sony, Nokia, Kyocera, Motorola. The bio-tech is facing some stress. The real estate market decline and financial crunch doesn’t just hit banks and realtors – it hits financial planners, architects, strip mall developers, etc. The high end jobs are getting tighter here in sunny San Diego.

Good article. And it fits San Diego’s past markets – declines in home values when General Dynamics shut down, when the defense industry contracted in the late 80’s, early 90’s.

I suspect we’ll see some more job loss here in San Diego… The cell phone industry is getting hit hard – which effects several local employers: Qualcomm, Sony, Nokia, Kyocera, Motorola. The bio-tech is facing some stress. The real estate market decline and financial crunch doesn’t just hit banks and realtors – it hits financial planners, architects, strip mall developers, etc. The high end jobs are getting tighter here in sunny San Diego.