A thought to ponder
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A thought to ponder. “More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.” -Woody Allen, 1975 (to a graduating class).

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A thought to ponder

A thought to ponder

“More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.”

-Woody Allen, 1975

(to a graduating class)


The nation of california alive again in 2010

THE NATION OF CALIFORNIA:alive again in 2010?

Alan Nevin

Director of Economic Research

When you need to know about real estate, you need to know about MarketPointe


Dismal decade

Dismal Decade

  • 2000-2001: The Dot.com Bust -- job losses in California: 250,000

  • 2001 : 9/11, 3,000+ killed in Al Qaeda attacks 

  • 2002: Catholic church sex scandal

    • Virginia sniper killings

    • U.S. bombs Afghanistan


Dismal decade1

Dismal Decade

  • 2003: U.S. invades Iraq -- leads to futile deaths of thousands of

    soldiers and civilians, with few if any results

  • 2004: George Bush re-elected

  • 2005: Hurricane Katrina; New Orleans devastated

    • Gas prices spike

  • 2006: North Korea nuclear tests

    • Genocide in Darfur

    • Lebanon & Israel war


  • Dismal decade2

    Dismal Decade

    • 2007: Housing market crash

    • 2008: Wall Street implodes

      • Fuel prices spike to all time high

    • 2009: U.S. hits worse deficit ever

      • GM declares bankruptcy

      • Unemployment hits 10%


    The future of america

    THE FUTURE OF AMERICA


    Trading places

    “Trading Places”

    Data: Labor Department

    Published: Wall St Journal 7.13.09


    Economic drivers nation of california

    Military – In Uniform

    Federal & State Government (Civilian)

    Manufacturing

    Tourism

    Universities

    Import / Export

    Technology

    Biotech

    Telecommunications

    Electronics

    Headquarters

    Economic DriversNation of California


    High tech economies

    High Tech Economies


    Good news on jobs san diego county sept nov 2008 compared to sept nov 2009

    Good News on Jobs, San Diego CountySept – Nov 2008 compared to Sept – Nov 2009

    10,000

    -2,700


    Population growth by state 2000 2008

    % Population Growth, By State, 2000 - 2008


    California population

    California Population


    San diego county population growth from migration is on the rise again

    San Diego County Population Growth From Migration is On the Rise Again

    47,500

    -80,500


    Residential building permits

    Residential Building Permits


    New home sales san diego county

    NEW HOME SALES – SAN DIEGO COUNTY


    Shrinking new home inventory bodes well for sd market

    Shrinking New Home Inventory Bodes Well for SD Market


    Residential resale market statistics san diego county

    Residential Resale Market Statistics – San Diego County


    Residential resale market statistics san diego county1

    Residential Resale Market Statistics – San Diego County


    Resale market statistics san diego county

    Resale Market Statistics – San Diego County


    Notices of default southern cal

    NOTICES OF DEFAULT - SOUTHERN CAL


    Foreclosures southern cal

    FORECLOSURES – SOUTHERN CAL


    Predictable housing cycles

    Predictable Housing Cycles


    Mortgage rates 10 year treasury yields

    Mortgage Rates & 10 Year Treasury Yields


    San diego office market

    San Diego Office Market


    San diego retail market

    San Diego Retail Market


    San diego industrial market

    San Diego Industrial Market


    Commercial building permits

    Commercial Building Permits


    2010 economic forecast san diego county

    2010 Economic Forecast – San Diego County

    10 – 20 %

    0 – 10 %

    1 – 2 %

    1 – 1 ½ %

    Population

    Local Jobs

    Housing Construction

    Public Works / Military

    Commercial Construction

    Government Tax Revenues

    10 – 20 %

    10 – 20 %


    A thought to ponder

    “As we grow older and more experienced, we overrate the accuracy of our judgments”


    Economic real estate projections for 2010 the nation of california

    California will continue to add 400,000+ population annually

    The job market will just mope along, with the real estate construction industry dragging down an otherwise healthy and diverse economy

    Interest rates will stay low

    Home foreclosures and short sales will continue to decline. Real bargains will disappear

    Resales and refi’s will be strong

    Economic & Real Estate Projections For 2010The Nation of California


    Economic real estate projections for 2010 the nation of california1

    New for-sale home production will be modest

    The housing market will stabilize in early 2010

    The commercial market will feel deep pain, particularly the office market

    The apartment, retail and industrial investment markets will remain healthy, but not cheap

    2010 is a great year to have cash. Pouncing on distressed properties is an art form that requires concentration, a strong will and faith in the future of California.

    Economic & Real Estate Projections For 2010The Nation of California


    When you need to know about real estate you need to know about marketpointe

    When you need to know about real estate,

    you need to know about MarketPointe

    • Market & Financial Feasibility Studies

    • Expert Witness Services

    • Portfolio Valuation & Repositioning Studies


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