Chapman Economic Forecast for 2015

IMG_0991

The A. Gary Anderson Center for Economic Research released an updated economic forecast for 2014 and 2015 forecast at the Segerstrom Center for the Arts in Costa Mesa, CA. Dr. Jim Doti and Dr. Esmael Adibi from Chapman University presented information on the nation, California, and Orange County. “The forecast calls for real GDP growth to surpass three percent in 2015—the first time that has happened on an annual basis since the recovery began in 2009. ”

Highlights include:

  • Household wealth is at its highest level ever, above $80 trillion
  • Construction of new homes has served as an engine of growth for the economy
  • Median resale SFR prices are forecasted to increase by 4.1% in Orange County for 2015

Read the June 2014 Forecast Press Release Here

June 2014

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s