May 16, 2022

Internet Business Newswire

Global Business News

Tom York on Business: San Diego Home Market Will Just Miss Top 10 in 2021

An open house sign in San Diego. Photo by Alexander Nguyen

We’re down to the end of the first month of 2021, with the COVID-19 crisis starting to ease in the wake of a new administration in the White House and continued good cheer on Wall Street. California Gov. Gavin Newsom has called for an end to the general lockdown, which means that business, especially small business, which has been reeling, can get back to work again. Vaccination stations everywhere in the county are going full bore for those who qualify. Let’s get this crisis behind us!

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First up, we check in with residential real estate portal Zillow, which predicts the hottest housing markets in 2021. San Diego doesn’t fare as well Austin, Texas, which has claimed the top spot two years in a row.  But we’re close to the top ten. We rank No. 11, with a third of the experts surveyed saying the area would outperform the national average, while another third saying it would underperform. The Zillow experts said home values would rise the fastest in Austin, Phoenix, Nashville, Tampa and Denver. Elsewhere on the West Coast San Francisco and Seattle will underperform the national average. By the way, LA ranked 18th while Riverside comes in a little higher, coming in at 9th place.

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And speaking of housing. Nonprofit housing developer Community Housing Works recently broke ground on the new Ulric Street Apartments in the San Diego neighborhood of Linda Vista. The agency is financing the project through a variety of sources, including money from city, county, state and federal agencies. The project will feature 96 apartments, with10 units reserved for homeless veterans and 10 for foster youth in transition. According to a news release, the agency owns and operates 3,600 apartments in 42 communities across California, serving 9,000 families, children and elderly. 

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