November 30, 2017

Key Takeaways From Pacific Union’s Los Angeles Real Estate and Economic Forecast to 2020

Chief Economist Selma Hepp offers a wrap-up of key points discussed at our first-ever Los Angeles Real Estate and Economic Forecast to 2020.

 

  • Both short-term and medium-term, most housing markets across the country remain at low to normal risk.
  • Mortgage rates are projected to grow by about 80 basis points by 2020, increasing annually at about a 20 basis-point pace.
  • The Los Angeles housing market is currently at normal risk, with some potential increase over the next couple of years.
  • The Los Angeles economy continues to grow solidly, with all job sectors except motion picture and sound recording showing positive year-over-year growth. Specific occupations in this sector include actors, audio- and video-equipment technicians, cashiers, motion-picture projectionists, producers, and directors, whose average annual wage is around $96,000.

 

To read the full post, click here: http://pacunion.us/2iujnVm. To watch the full one-hour presentation, click here.

 

 


About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the eighth-largest residential real estate brokerage in the U.S. based on 2016 sales volume of $10.15 billion. Pacific Union merged with Los Angeles-based brokerages John Aaroe Group in December 2016 and Partners Trust in August 2017. This strategic business collaboration links four of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $12.6 billion by 1,400 real estate professionals in 47 offices throughout California. For more information, please visit www.themarkcompany.com.