Tea Leaves Any Clearer This December?

This is my fourth December covering housing and economics for voiceofsandiego.org. December is the month more than any other where analysts and economists and regular homebuyers and blog-dwellers truck out their rationale for why the market will or won’t be better in the coming New Year.

Of course this December is no different. I’ve compiled a little roundup here of some of the recent prognosticating, and would love to know what you think.

  • Public radio’s Marketplace show talked to USD economist Alan Gin for this segment today. Gin’s take: the market is firming here in San Diego.
  • Gin also featured in a U-T economic outlook story this week, along with his colleague at USD, Ryan Ratcliff, who said “The recovery is about to begin, but we have a long way to go.”
  • Both were speaking at a conference this week along with the Mortgage Bankers Association’s chief economist, Alan Jay Brinkmann, who offered this nationwide prediction: “I see the market holding on in the low end,” he said, but falling at the high end, above the $700,000 mark.
  • North County real estate broker Jim Klinge blogged some of those predictions and attracted a few comments from readers who are expecting the recovery to take a lot longer.
  • Here’s Rich Toscano on why he’s not making wide-scale predictions for the housing market right now.

I’ll be sharing soon what I’ll be watching in the next few months; now’s your chance. Leave us a comment and share your take: Are you buying? Selling? Watching the market? What is your prediction for housing and the local economy in the next several months?

– KELLY BENNETT

 

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K Hernandez

K Hernandez
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