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We keep hearing about the impending tumble back into recession – as if we had actually made it out of the one we were in. While there were times in 2010 when it seemed like the worst was over, when we could see glimpses of recovery in various sectors, for the most part, we are still in the midst of the biggest financial quagmire of all time. Leslie Appleton-Young, California Association of Realtors Chief Economist, describes it well: “I think we’ll continue to bounce along the bottom of a U. We’ve experienced a major financial reset, so the fact that we’re not booming out in a V-shaped recovery is not a surprise. There’s been a lot of collateral damage.” Yeah, I’ll say!
The fact is, until people start recognizing this as a time of opportunity, until people start having confidence again, start hiring and spending, we are going to be stuck here in this muck…
To read more about where we were in 2011 and projections of what 2011 will bring, particularly in the housing market, click here. To take advantage of some of the amazing real estate opportunities available right now, give us a call or visit our North San Diego Co. real estate website.
