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From left to right: Clint Daniels, Carey Guthrie (PSAR president-elect), Bob Olivieri (PSAR 2014 president), Alan Nevin.

Realtors hear 2015 housing forecasts at El Cajon meeting

December 25, 2014 (San Diego's East County) - The Pacific Southwest Association of Realtors (PSAR), a trade group for San Diego-area realtors, recently hosted a program on forecasts for the 2015 local housing market. Speakers at the program, held at the PSAR East County Service Center in El Cajon, included real estate economist Alan Nevin, director of economic and market research at Xpera Group, and Clint Daniels, manager of regional models, San Diego Association of Governments (SANDAG).

Nevin said, “2015 looks like it will be a mirror image of 2014, and that’s good since 2014 was the strongest economic year in San Diego County since 2006. New home construction in 2015 will blossom again in South County. And that augurs well for the resale market because, traditionally, every new home sold generates four resales.”

According to Daniels, “As the San Diego population continues to diversify and age, housing preferences will change. Beyond the handful of existing single-family developments around the county, most new housing in San Diego will be multifamily units with a focus on amenities, access to transit, and a strong quality of life.”

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