Housing prices expected to drop by the end of this year

In San Diego, we talk about the great weather and the high cost of living, but the big price we pay to live here could be taking a turn.

Allan Timmerman is a professor of finance at UC San Diego. His department recently rolled out a new model that uses search data as an early indicator to predict the direction of the housing market. “And so, we find in fact that there is a clear highly-significant predictive power in people's service activity and subsequent future changes in the house crisis. And so that's what we are getting at here. You can think of it in some sense as sort of a pretty clear measure of housing demand, the potential demand,” Timmerman said.Miguel Contreras has been a realtor for nearly 20 years. He said between 2020 and early last year, San Diego was a selling market.

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