Growth Forecast in our Economy
Thursday, February 17, 2011 at 2:54PM 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