New reports from USC and UCLA economists forecast that California's slowly recovering economy still faces a long road to rebuild from recession-era layoffs, mortgage foreclosures and the commercial real estate downturn. USC's Casden Southern California Industrial and Office Forecast, released Wednesday, said that slow job growth likely will translate into mixed market conditions for the region's office and industrial property owners... ..."What is important, is that the last two months have yielded both job growth in excess of the U.S. rate and job growth which is widespread throughout the state," said Senior Economist Jerry Nickelsburg in his report. "These data present the first solid indication that inland California has bottomed out and a recovery in the hardest hit regions of California has begun." To view the full article, see the link below.
December 7, 2011