The Jobs Behind Home Values

When people ask me why I'm so confident in San Diego real estate over the long term, my answer usually surprises them.

It isn't mortgage rates.

It isn't inventory.

It's jobs.

The Foundation of Our Market

Most people know San Diego has a strong military presence, but many don't realize our region has also become one of the world's leading biotech and life sciences hubs. More than 75,000 people work in this industry locally, creating high paying careers and attracting talented professionals from around the world.

The Bigger Picture

One thing I've always loved about San Diego real estate is that we don't have to be the loudest to be on the strongest.

Our biotech companies have consistently delivered outstanding results, even during periods when venture capital and investor attention have shifted elsewhere. To me, that's a sign of a healthy economy built on innovation.

Companies continue to grow, researchers continue to make breakthroughs, and talented people continue choosing San Diego as the place they want to build their careers in a diverse range of future proof industries.

Why Homeowners Should Care

Strong industries create strong housing markets.

Every new scientist, engineer, physician, or entrepreneur who moves here creates demand for housing. That demand doesn't disappear because mortgage rates move up or down a quarter of a percent.

While no market is immune to short term ups and downs, San Diego benefits from something many cities don't: a diverse economy supported by the military, biotech, technology, healthcare, tourism, and world class universities.

That diversity is one of the biggest reasons I've remained optimistic about San Diego real estate for years.

The headlines will always change, but a strong local economy is what supports housing over the long run. That's why I pay just as much attention to what's happening with San Diego's employers as I do what's happening with mortgage rates.

If you're curious how today's economic trends are influencing your neighborhood or your home's value, I'd be happy to share what I'm seeing here in San Diego.