July 31, 2017: Mark Schniepp, Director CA Economic Forecast

Mark Schniepp, Director CA Economic Forecast

California Economic Forecast

Segment 1
Are meat-eaters a protected class?
“Goodbye Yellow Brick Road” in Santa Ynez
Host almost misses today’s program
Year-to-date # of sales & median price compared to prior years + Condos & PUD’s

Segment 2
Mark Schniepp, Director CA Economic Forecast
Businesses that are interested in forecasts
Stock market rally is because…
US debt as a percentage of GDP is at a high
Household debt as a percentage is at a low
Impacts of reducing corporate tax
What most economists agree upon

Segment 3
Mark Schniepp, Director CA Economic Forecast
Real Estate Forecast
A $30,000 house in 1970 is worth $900,000 today
What will it sell for in 2047?
The high-end market trend
Keep residential income or invest in REIT’s?
Fiesta Forecast

Segment 4
Weekly Multiple Listing Update