By Katie Bassett
Homeowners in San Diego still believe they are feeling the aftermath of the 2008 recession, due to a scarce amount of homes available in the metropolitan. Truth is, while home inventory can be nerve-racking, promising indicators in San Diego real estate trends should have homeowners optimistic. First, it is important to assess the factors that affect the amount of homes on the market.
What effects housing inventory in San Diego?
- Wages and Inflation. Jobs and income have a direct correlation with San Diego’s housing inventory, and this metric has slowly been recovering since the recession in 2008. While the economy has been improving substantially since then, home prices continue to increase at a faster pace compared