San Diego area unemployment may have grown by 0.1% in October, but that isn’t stopping consumer confidence, up with the addition of 2,500 retail jobs.
Newly released minutes from the Federal Reserve’s meetings between July 26th and 27th have brought forth a definitive conclusion in the mind of many economists: an interest rate hike is likely coming soon.
San Diego unemployment rose sharply last month, but researchers are suggesting this growth may hold a silver lining for economic optimism.
Although analysts are still mixed about the long-term effects that the “Brexit” will have on the world economy, one financial institution that could see long term change is the multifamily real estate market.
The rapid rise in demand for multifamily units has caused the longest period of rental market tightening since the 1960’s, so says report by the Joint Center for Housing Studies at Harvard University.
Downtown San Diego has a great opportunity to build housing, but the city needs to attract more jobs downtown to support that growth.