Growth Forecast in our Economy

Perception is that our California economy has reached the bottom!

 Are there signs of real optimism? 2012 looks like a turning point in our economy, or is it?  

* Business spending accounted for majority of growth.

* Employment less than impressive.

* New home development has not seen a rebound yet.

* 2010 banks will have taken over 1.2 million homes. (Is a double dip rececssion in the housing market on its way? Banks are slowly moving inventory to prevent a major drop in the residential housing market. The next 3 years will be interesting)

Class A Properties are continuing their run up in prices and low cap rates as investment group are bidding up the prices trying to take advantage of this market. All other classes are still struggling and will continue to have its challenges this year.

Allen Matkins/UCLA Anderson Forecast California Real Estate Survey

California Real Estate Survey

Eric Nishimoto

Eric K. Nishimoto, an associate at Lee & Associates-LA North/Ventura Inc., a full-service commercial real estate company and member of the Lee & Associates group of companies, specializes in investment brokerage throughout the Los Angeles area with a focus in the San Fernando and Conejo valleys. A seasoned sales and marketing professional, Mr. Nishimoto’s real estate expertise includes the pricing, underwriting, leasing and sales of retail, industrial and office properties as well as the development of long-term investment strategies for his clients.