This is a common question that my clients ask themselves, as well as many in my real estate profession. From the various sources of online and print publications that I read, I think the overall answer is yes. I think it is true for La Jolla-San Diego, California, and the United States as a whole. Obviously there are parts of San Diego, California, and the United States that is not improving. My overall consensus is that the worst is over and the economy is improving. However, it is at a slow pace.
Here are some articles that support that there is growth in the economy:
1. Even though California has one of the highest unemployment rates, it is in the top 10 for job growth between October 2010 and October 2011: http://www.signonsandiego.com/news/2011/dec/04/california-top-10-job-growth
2. For the automotive industry, sales were up 45% for Chrysler, 7% for GM, and 13% for Ford from November 2010 to November 2011: http://detnews.com/article/20111201/AUTO01/112010423/Chrysler-sales-up-45—GM-sales-up-7—Ford-up-13-
3. Black Friday sales up 6.6% from last year: http://www.bloomberg.com/news/2011-11-26/consumers-in-u-s-release-pent-up-demand-amid-brisk-black-friday-traffic.html
4. Cyber Monday sales up 33%: http://www.washingtonpost.com/business/cyber-monday-online-sales-up-33-percent-justice-dept-cracks-down-on-counterfeit-sites/2011/11/29/gIQAB6Dy9N_story.html
5. Pending home sales jump in October: http://www.realtor.org/press_room/news_releases/2011/11/phs_oct
Please feel free to comment. If you have any sources that contradict my findings, please share. I welcome dialogue.
Rob
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This is precisely the important information I’d been searching for. Incredible blog. Very inspirational! Your posts are so good and also detailed. The links you come with are also very beneficial as well. Many thanks
Thanks for the kind words!
I’m having a tiny problem I can’t seem to be able to subscribe your feed, I’m using google reader by the way.
I’m having my IT guy work on it as we speak. It should be up in the next few days. Thanks for your inquiry.
I have seen a lot of blogs in blogspot. What purpose do they serve? Is it possible to make money through blogs. If yes how?.
my website is about family vacation ideas.
The purpose of my blog is to give relative information to La Jolla and San Diego in the real estate field, as well as other interesting topics. I’m building a brand that will let my clients and blog followers know that there is a real authentic person behind these posts. Not just a robot real estate agent who only promotes his listings and bores people to death.