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Economist Analyzes San Diego Markets

Audio

Aired 4/19/09

San Diego's housing industry continues to suffer high mortgage default rates...and the bottom has largely fallen out from under home prices.

At the same time tourism, which has historically been a buffer for San Diego against hard times, is softening. Hotel occupancy rates have gone up.

Joining us on Morning Edition is Steve Cochran, managing director for Moody's economy.com who covers economic issues in California.

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