After a century of ups and downs, the “Roaring 20’s” are perhaps taking shape all over again. Prior to the Corona Virus placing a temporary stronghold on our world’s economy, the United States’ economy was in overdrive. More Americans were making more money than ever before. The U.S. was setting a remarkable new benchmark for all economies to strive for. While the recent virus has wreaked havoc in a multitude of devastating ways, there is good reason to believe that there is light at the end of the tunnel.
When compared to other luxury housing markets across the country, San Diego remains starkly undervalued. Interest rates are nearing historic lows, and after three economic stimulus packages, Congress is already prepping Phase Four. Considering these rates and packages, coupled with a low supply and strong demand for housing in San Diego, the prices of homes remain strong, consistent, and primed for potential growth.
The Roaring 20’s may be returning before we know it, and better times are on the horizon. In the meantime, stay safe and stay strong San Diego. There are many positive indicators for us all to remain optimistic.