21 San Diego’s Jobs Decline Widespread Percent change December 2009 over prior year Total
22 San Diego’s Jobless Rate Rises Monthly, percent
23 Home Sales and Prices Recover Percent change, November 2009 over prior year Prices Sales
24 San Diego Home Price Trend Converges to the Nation’s S&P/Case Shiller Home Price Index, Jan. 2000=100 San Diego U. S.
San Diego Housing Permits to Rise 25 Thousands of units
Commercial Real Estate Distress across the board Gap closing between lease and sublease rents Market trough end of 2010 Owners better capitalized than in early 1990s 26
27 Positive Forces Housing market improves International trade Technology Alternative energy Naval construction Tourism Health care and biotech Risks/Constraints Rising commercial real estate vacancies Credit still tight Fiscal problems for state and local governments Outlook for San Diego