Article shows that the Ventura County market is doing well and the real estate forecast is upbeat especially for years after 2012. Noted are some economic issues that will not hurt real estate directly but they will impede and forestall significant single family home price increases for a period. Also the article illustrates the price breaks (by area) which has made this market what it is since the beginning of the year though May 9, 2009.
Overall the market is going to be excellent starting the last quarter of 2009. However significant unemployment and the lack of job creation will not bode well for real estate. It will not deter the upswing but it will pushed it out further. It is expected that sole proprietor-ships will pick up the slack. These will be one person operations with very few adding employees. The cost of employees would be too prohibitive for a sole proprietorship to absorb.
For the complete article go to: http://www.venturacountyretalk.com/2009/05/10/people-are-talking/
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