Question: Is the slowdown in the housing market a temporary blip?
Bob Rauch, R.A. Rauch & Associates
NO: The slowdown is real as each sector of real estate goes through cycles and we are getting toward the end of a long, prosperous cycle. Growth rates will continue to slow but can be stimulated with interest rate reductions. Ultimately, a recession or correction will flatten growth to zero or below and we will have an opportunity to buy at the new bottom and grow again. San Diego is a long-term winner.
For the full article by Contact Reporter, Phillip Molnar, click here.