Economists in academia and on Wall Street are optimistic about our economic upswing, according to a recent report in the New York Times. The report states that even the usual pessimists are now full of hope about the country’s economy.
A number of analysts, even those who have been naysayers over the last decade, are now predicting something the United States has not experienced in years: healthier, more lasting growth in our economy. This turnaround is due to new technologies such as artificial intelligence and online education, along with increased domestic energy production and slowing growth in the cost of health care. We are happy to report that the Sonoma and Napa Valley real estate markets are certainly reflecting the positive trending and are benefiting by increases in asking and sales prices as well as multiple offers for homes and estates.
In fact, one respected economist said that, in spite of Washington-initiated spending cuts and tax increases, the economy has shown greater resilience than expected. He added that the growth rate should head upward even more as the initial impact of the fiscal belt tightening eases. An annual growth rate of 2.9 percent next year and 3.5 percent in 2015 should mark a significant upturn not seen since 2005, when the economy expanded by 3.1 percent. That is certainly a cut above the 2 percent rise the U.S. economy has averaged over the last three years. Read more about this good news here.
Whether you are looking for property in Kenwood, Glen Ellen, St. Helena homes for sale, Napa vineyard estates, Yountville CA real estate, Rutherford real estate, or the charming town of Sonoma itself, Ginger Martin & Co is here to assist you as the real estate agency that holds NapaValley’s record for residential property transactions in 2011 and 2012.