BMC Residential Real Estate Conference panel San Diego’s strong economy is one of the factors leading to housing unaffordability, panelists said.

SAN DIEGO—Housing affordability will worsen, San Diego will fall short of becoming a world-class city and the region’s ability to grow in many ways will be stifled if we don’t build to meet residential demand, said speakers at the “17th Annual Residential Real Estate Conference: Outlook 2018,” hosted by the Burnham-Moores Center for Real Estate at the University of San Diego School of Business.  Speakers emphasized the dire housing situation we are in and said that density and a shorter path to development will help lessen the problem of housing unaffordability that is especially serious in San Diego.

Norm Miller, Hahn Chair of Real Estate Finance at USD’s School of Business, said homeownership rates are falling and predicted to continue to do so, creating a greater need for apartment units. Drivers for this trend include a higher age at first marriage and delayed children. Legal immigration, which is a large part of our population rise, is bringing more people into the market, also increasing the demand for housing.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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