SAN DIEGO REAL ESTATE MARKET OVERVIEW AND FORECAST FOR 2021 Denise Matthis
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ost of the housing markets this year have been so unpredictable than in previous years, and the San Diego housing market is no exception. In part, due to the slow sales and also due to the growth in both the number of jobs and the wages. As such, if you are thinking about investing in this housing market, there is something that you need to know about the San Diego Housing market. Nonetheless, one thing you have to always keep in mind is that the San Diego market is full of surprises as the city and its metro are known for their technological prowess, and more people are moving into the city to fill up the vacant job positions or even to start their businesses. One cannot talk about san Diego without mentioning tourism. The city has been known to attract thousands of people from other places, which has significantly boosted its economy; however, we are seeing shifts to courting more professional, biotech, IT, and telecommunications establishing a significant base for the city’s economy.
ABOUT SAN DIEGO
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San Diego is a walkable city in San Diego County with a population of 1,305,700 people. This makes it the second biggest city in California and places it among the top 10 biggest cities in the country. in terms of growth, San Diego city has been experiencing rapid growth, and its economy remains relatively strong. Nonetheless, in terms of real estate, the city has often been overlooked in favor of other hot markets such as the San Francisco and Los Angeles
Due to this simple fact, this makes San Diego, a perfect investment choice for most people. The city continues to outpace most other cities in the state, especially when it comes to job recovery, which is very good news for the residents of the county and also for the housing markets. The city’s housing market 2020 continues to be one of the hottest in the nation. In fact, Zillow ranks the city in the 10th position nationwide.
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