WHY INVEST IN SAN DIEGO AND CALIFORNIA in 2021-2022?

Though some people are leaving California, San Diego and California continue to attract more affluent and highly educated people from across the nation and internationally, creating a mega-market for the housing.
60% of adults moving to California have a bachelor’s degree or higher.
The unemployment rate in California among those with college degrees is 2.9%, with San Diego County total unemployment below 7%.
San Diego County has gained 50,000 new jobs since January 2021.
In 2020, more than 50% of the nation’s venture capital went to California.
In 2020, almost half million Californians filed for new business licenses (a 22% increase).
California leads the nation in business starts.
UCSD generates the second largest number of annual STEM degrees in the U.S.
UCSD had 118,000 applications for enrollment in 2021 (most in the U.S.) and SDSU was 10^th.
Through April 2021, more than 3,350 new homes, condominiums, and apartments broke ground in San Diego County.
In this coming year, there will be almost a dozen new master-planned communities opening for sale, most of them in North San Diego County, and most with homes in the $500,000-$1,000,000 range.

June 25, 2021 by Regal Properties in News & Updates