Economists: Recovery To Be Slightly 'More Visible' During 2011
Long Beach Business Journal
By Sean Belk
...Long Beach remains a "microcosm" of what is seen throughout the Los Angeles metropolitan area, and it's even more important the job market is going to lead recovery, according to Gary Painter, associate professor for USC's Lusk Center for Real Estate. He expects this year to still have a fair amount of foreclosures on the market.
Slight improvements in prices for both residential and commercial sectors are expected, Painter said, with construction to start picking up again, but no extreme changes. "I'm optimistic that there will be improvements, I just don't want people to have their hopes set too high that there will be dramatic improvements," he said.