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Article: SAN DIEGO'S ECONOMIC RISKS FOR 2007: EXPERTS DISCUSS ISSUES, OFFER PREDICTIONS AT 23RD ANNUAL ECONOMIC ROUNDTABLE

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US Fed News Service, Including US State News
Article date:
January 26, 2007
Copyright

San Diego County issued the following press release:

Effects from the housing sales decline will linger and the recent frost will have lasting impact on San Diego's agriculture, according to regional economic experts who spoke at the 23rd annual Economic Roundtable held today at the Joan B. Kroc Institute for Peace & Justice at the University of San Diego.

Dr. James Hamilton, Professor of Economics at UCSD, said, "There are a number of indications that the worst may be behind us in terms of the downturn in home sales. But even if home sales do begin to recover, there is still a large inventory of unsold homes that will continue to exert a substantial drag on construction employment and ...

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