(EMAILWIRE.COM, October 6, 2009 ) Destin, FL -- The recovery in housing downturns is historically thought to be started in California. After the record volume of foreclosures experienced in California as a result of the housing bust and so many other places, eyes are on the Golden State. The California housing market is demonstrating plenty of signs of mending, according to a new report by Housing Predictor.
Hotels are starting to see more tourists. Exports are on the rise. Computer companies, which are one of the largest business segments in the California economy, are seeing more sales. There’s no saying the housing recovery will be anything but slow, but signs are pointing in a promising direction.
As California’s economy battles back from an economy with the fourth highest unemployment rate in the country more Californians have left the state than in decades --more than one million residents.
But the Golden State’s economy will move into the new dawn of a new economy earlier than perhaps any other state. Florida may be a close second, but it will take the other sunshine state longer to recover from the housing bust than the country’s most populated state.
Housing Predictor forecasts more than 250 housing markets in all 50 U.S. states, updating forecasts and state profiles throughout the year as market conditions change. Leading real estate companies, home builders, bankers, real estate investors, homeowners and many of the country's largest businesses depend on Housing Predictor forecasts.
Housing Predictor forecasted the foreclosure epidemic and regularly conducts Predictor Polls to gauge consumer sentiment on issues related to real estate. Get the latest on housing markets all over the country, search foreclosures and check real estate news at http://www.housingpredictor.com
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