Two Positive Economic Reports in One Week
For the second time in one week I have heard a positive report regarding our local and national economies. Ben Stone from the Sonoma County Economic Development Board spoke on Tuesday at a Santa Rosa Realtor event. (Go to www.sonomaedb.org for a complete analysis) Stone is one of the go to people when it comes to analyzing the local economy and although we are not completely out of the woods yet there are many positive signs in regard to local and national economic recovery.
BUSINESS CONFIDENCE IS UP – LOOK FOR EMPLOYMENT GROWTH THROUGHOUT THE YEAR AND BEYOND ESPECIALLY IN THE FOLLOWING SECTORS – TOURISM, GREEN TECHNOLOGIES AND BUSINESSES AS WELL AS MANUFACTURING HOUSING AFFORDABILITY IS AT AN ALL TIME HIGH AND MORTGAGE RATES REMAIN LOW (NOTE WE WILL MOST LIKELY SEE INTEREST RATES START TO CREEP UP AS THE FED. ATTEMPTS TO CONTROL THE DEVALUATION OF THE DOLLAR) CONSUMER CONFIDENCE IS NOT ONLY STABLE BUT CONTINUES TO RISE
There will be some bumps in the road along the way but barring some catastrophic event we are on our way to having a long term stable economy.