National University System Institute for Policy Research

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Monday, June 16, 2014

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San Diego is the nation’s 10th least affordable housing market out of 224 metro areas across the nation, according to Kelly Cunningham, senior fellow and economist for the National University System Institute for Policy Research.
And that's a factor when it comes to the falling population of a key demographic that powers the housing market, he said.
“San Diego’s 30-44 year old population is declining or moving away and seem to be taking their children with them,” Cunningham said. “This is the population most likely to be first time home buyers, but find they cannot afford to purchase a home and apparently move away.”