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Time to sell? Econometer looks at homeowner's dilemma

Roger Showely, SAN DIEGO UNION-TRIBUNE

Friday, July 7, 2017

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FILE - In this Thursday, Dec. 3, 2015, file photo, a home under construction and for sale is shown iWith record home prices, San Diego owners ponder whether now is the time to sell. (John Bazemore / AP)

 

Kelly Cunningham, National University System - YES: Seems a good time to be selling a home, but if you want to continue living in Southern California, of course [owners] need to buy another home in an era of rising prices. New housing construction in San Diego has been faltering since last year. San Diego household population increased by 30,646 in 2016, according to California Finance Department estimates, suggesting a need for 10,848 additional housing units, but the inventory of units added was only 8,122.