Friday, September 24, 2004
Century 21 Lunch meeting with C.A.R. Economist
This afternoon Leslie Appleton Young, Chief Econimist for the California Association of Realtors was invited to speak to the agents of Century 21 Hilltop-LaCarre. Nearly 200 of our agents attended the meeting to hear what may lie ahead for California Real Estate.
We were shown a plethora of charts and graphs on the economy from Job growth rates to spending habits. What was interesting is that Leslie forecasted a 10-15% increase in home values by this time next year and she believes that loan interest rates should stay relatively stable. What was concluded and already evident to most, is that the 20-30% increases we have been seeing cannot be sustained.
We were shown a plethora of charts and graphs on the economy from Job growth rates to spending habits. What was interesting is that Leslie forecasted a 10-15% increase in home values by this time next year and she believes that loan interest rates should stay relatively stable. What was concluded and already evident to most, is that the 20-30% increases we have been seeing cannot be sustained.
