Local Realtors Provide Economic Outlook
David Kim, Jagdeep Singh Bachher, and Gene Deering
Hundreds of local business people attended UCSB Economic Forecast Project’s 2022 South County Economic Summit on Wednesday, May 4, at the Granada Theater. The annual event, held in person for the first time since 2019, featured five speakers providing context to current real estate, labor, and financial markets. The Department of Economics at UCSB established the project in 1981 to provide the community with information on economic, demographic, and regional business trends in the tri-county areas.
Local realtor and former Santa Barbara Association of Realtors president David Kim offered his assessment of the region’s residential real estate market, including the pandemic’s impact on Santa Barbara housing.
A 2003 UCSB graduate with degrees in both Business Economics and Law and Society, Kim described a true seller’s market. Out-of-town buyers coupled with…