Industry News

That crazy ‘B-word’ — bubble

Anderson Forecast predicts 'mostly soft landing' for San Diego area

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

San Diego's real estate market "will continue to slow along its current trajectory," and "significant declines in home prices are unlikely" from 2006-08, according to an Anderson Forecast report. Home sales activity in San Diego County fell 30 percent since peaking in April 2004, while home prices hit a plateau and stayed there for most of 2005. The forecast, a research branch of the Anderson School of Management at University of California, Los Angeles, has typically focused on economic predictions for Los Angeles County, California, and the nation, and San Diego represents a new local area for the forecast. Ryan Ratcliff, an economist for the UCLA Anderson Forecast, and Alan Gin, an associate professor of economics at the University of San Diego, wrote the report. While several national real estate economists and analysts are projecting a soft landing for the real estate market this year, that "landing" arrived early in San Diego, and this latest report attempts to sort o...