“The promising outlook for the real estate market, especially in competitive markets like Southern California, make it a great time for sellers..." said Hedy Goldman
San Diego, CA (PRWEB) August 11, 2015
According to new data from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate, the results of a three year forecast predict sustained, solid real estate market growth through 2017. The survey included 43 of the real estate industry’s top economists and analysts, representing at least 32 top nationally ranked real estate investment, advisory, and research groups.
According to the report’s findings, there are several key indicators of strong, sustained growth, and cause for optimism among industry experts, including net job growth, ten year United States Treasury note performance, an increase in commercial mortgage backed securities issuance rates, rising commercial real estate prices, and growth in warehouse rents and hotel revenue, increasing total return rate for core unleveraged properties.
“The results of this study are very exciting because in addition to confirming the strength of the real estate market at the moment and for the foreseeable future, they also suggest that the general economy is strengthening and growing in certain key areas as well, which is good news for everyone,” said Cardiff realtor Hedy Goldman.
The performance of commercial property sectors is measured by several key factors, including vacancy rates, rental rates, total returns, and product availability.
According to the data from the ULI study, the performance across all sectors is expected to hold steady or surpass the 20 year average from the 1995 - 2014 period. Specific commercial property types include offices, apartments, retail, industrial/warehouse, and hotels.
The one exception to the trend is residential properties, which remain in recovery mode.
“The promising outlook for the real estate market, especially in competitive markets like Southern California, make it a great time for sellers that may have been on the fence about putting their property on the market to make the leap at this time,” added Goldman.
Hedy Goldman is an award winning real estate expert with two decades of experience specializing in San Diego’s Coastal North County region. Hedy’s expertise extends to residential, multi-unit, commercial, and 1031 exchange investment properties in Cardiff by the Sea, Encinitas, Solana Beach, Carlsbad, Oceanside, La Jolla, Del Mar, and Leucadia. Hedy was the recipient of the San Diego Top Real Estate Agent award for three consecutive years from 2012 - 2014, and holds several professional credentials and certifications and professional affiliations including the National Association of Professional Women, Short Sale Negotiator (SSN), Short Sale and Foreclosure Resource (SFR), and Certified Negotiation Expert (CNE).
If you are interested in buying or selling real estate in San Diego, call Hedy…when you’re ready! Contact Hedy today at (858) 504 - 2334.