The three major sectors related to housing are in the midst of a slump not seen since the early 90’s. Construction, Real Estate Finance, and Retail have all seen their rate of growth decline to pre-Clinton eras. Unemployment levels have shot up to 8.6%, a 2% contraction year-over-year.
The graph above was taken from the blog, piggington.com. Check out their site for more in depth analysis on the San Diego Real Estate Market
Some cities have been hit harder than others, below is a list of cities in San Diego that have been hit hardest according to sandiegoatwork.com’s December forecast:
National City- 14.4%
Imperial City- 11.9%
El Cajon- 10.1%
Bostonia-CDP 9.4%
Chula Vista 8.6%
Vista 8.2%
