ARE YOU READY FOR 2013? ( Alan Nevin

THE FUTURE OF AMERICA

United States  This past year, 1.15 million households were formed in the United States.  6.5 million persons doubled up. San Diego County:  2/3s of all households had no one living at home under age 18  25% of all households were occupied by one person  Only 1 in 7 households has a mom, dad and two kids. 

NEVIN ECONOMICS 101: Basic Jobs, by Number

Notices of Default Down 50% since last year (879 out of an inventory of 730,000 homes)

SAN DIEGO COUNTY FORECLOSURES The pig is almost through the snake Source: The London Group Realty Advisors, Foreclosureradar.com

 % owned by Investors  Single Family Detached 21%  Condominiums 43%  Source: County Assessor

 “ I can calculate the movement of stars but not the madness of man.  Isaac Newton

Population growth will continue at 25,000+ New jobs will total more than 20,000 New home sales will improve slightly: 2,500-3,000 units (1/3rd of normal) Few new lots will be manufactured The resale housing market will at least match 2012 with more than 35,000 homes and condominiums sold Foreclosures and short sales will diminish substantially Interest rates will remain low Home prices will increase 8-10%, same as in 2012

Alan N. Nevin (619) We help people make prudent decisions on real estate matters, big and small.