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DSNews.Com Default Servicing In Print and Online - Formerly REO Magazine
By admin | June 25, 2007
DSNews.Com Default Servicing In Print and Online - Formerly REO Magazine
UCLA Economist: Will A Declining Real Estate Market Hurt California’s Job Growth?
Kerri Panchuk | 06.19.07
The UCLA Anderson Forecast—a forecasting source that discusses economic trends in the state of California—predicts job growth in the state will slow down during the latter part of 2007 because of a recent decline in the real estate market.
The prediction was made by economist Ryan Ratcliff, who conceded that for now California’s “economy is mostly unfazed: job growth has only slowed slightly, for example, and there has been only a slight up tick in unemployment.”
However, Ratcliff believes in a matter of time, the changes in real estate will impact job growth, especially in areas like construction and the mortgage industry.
Topics: Real Estate News |