What is the state of our economy? Take your pick from economists who say we are recovering to those that say we are going to double dip. In the end, it is probably a little bit of both. On the good side, the stock market is still gaining traction and will be positive by year end. The housing market will be hot in some areas (thank goodness for the SF Bay Area and places like Marin County) but cooler in others – it depends on supply, demand, the lending environment and inventory. (Read on below for Marin County statistics and an in-depth look at some key local markets.) On the other side, unemployment will continue to be negative and probably stuck in double digits and the deficit will continue to grow, which both bode for a slower recovery.
 
So, which is it? Seems the economy is all of the above. If you’re a big business you are trotting: revenues are up, you are lean and mean and cash rich. If you are a small business or a city, county or state you are stuck:  loans are tough to come by, revenues are down and services more demanding. What’s steady and boring? Probably the old maxims that all this too will past and we will finally get through this recession.
 
In the meantime hold on – it’s yo-yo economy with some uncertainty, highs and lows and thus choppy waters ahead. But America is a huge ship and we will survive!

This entry was posted on Sunday, August 8th, 2010 at 3:16 pm and is filed under Real Estate Update . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.