Alan Gin
Alan Gin
ahead borrowing concern cost demand housing interests leads low lower market mortgage people rates reasons reduce turn
One of the reasons we had the housing market surging ahead was because of the low cost of borrowing money. With mortgage interests rates going up there is some concern some people will be priced out of the market, which in turn will reduce demand for housing ... That leads to lower prices.
economy entire growth pace pull slow slowing
If we see a slowing there, it could pull the entire economy down a bit. I don't think it will pull us into a recession, but the pace of growth could slow considerably.
decrease housing others people run sharper took
They took a sharper run up in prices, so it makes sense that there's a decrease there. Some people have been priced out of the housing market, but others are waiting.
businesses diego products san
Businesses which import products into San Diego also are impacted.
california generally good news rest san terms
Generally good news in terms of San Diego, we will outperform California and the rest of the nation.
connected extent home services slow
To the extent that the architectural or engineering services are connected to home construction, they could slow down more in the future.