San Diego Real Estate Good News From Union-Tribune

San Diego, CA:  Article Today in Newspaper Positive On San Diego’s Economy

Today’s article in the Union Tribune by Dean Calbreath states that recovery appears to be taking shape.

When you’ve hit rock bottom, the old saying goes, there’s nowhere to go but up.

Which is one explanation for the growing signs that San Diego’s economy, slowly and unsteadily, is creeping toward recovery.

The latest positive news came yesterday from the index of leading economic indicators by the Burnham-Moores Center for Real Estate at the University of San Diego. For the first time since April 2004, all of the economic criteria that USD uses to evaluate the local economy — housing permits, want ads, consumer confidence, the employment rate, local stock prices and national economic growth — were pointing up in December, suggesting a positive outlook for 2010.

“The indicators have been moving up for nine months in a row now,” said USD economist Alan Gin, who compiles the index. “Last year, I was thinking that the indicators were pointing to a recovery beginning in the first half of 2010. But with the recent data, I’m thinking the recovery could start as soon as the first quarter. Even if there’s a lull in January and February, once spring starts, the improvements in the economy could start getting more noticeable.”

I certainly have seen a difference in the activity level lately and readership of San Diego Lifestyle has increased significantly.

Full Article – Photo Courtesy of Flickr