So read the
business section headline of the Orange County Register on October 25th. Specifically, it was talking about the
Cal State Fullerton economic forecast for next year. They expect a continued rise in home prices, and lots of
construction jobs in 2013. The
next highest sector will be professional and business services, followed by
leisure and hospitality. What's
really interesting is that earnings of large companies have outpaced their own
forecasts, yet no one really seems to feel really good about it. More jobs were added in September than
originally forecast for the nation, and Orange County seems to be holding its
own in this parameter. Interest
rates are at a 15 year low, home prices throughout California have risen for 8
straight months, and the job sector is looking positive. Recovery? You didn't hear it here, but could it be Orange County's
dirty secret?
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