The California (and national) economy has been experiencing a long and steady expansion, which has some economists wondering when it’s going to end. According to Beacon Economics, the good times will keep rolling for at least another two years.
Beacon Economics latest quarterly forecast, released today, finds higher expected earnings and lower interest rates nationally, as well as employment growth in California. Labor growth in California is however limited by a lack of housing supply, which didn’t much improve in the course of the last year.
We check-in on the economy and housing market in California, and look ahead to 2020.
Christopher Thornberg, founding partner of Beacon Economics, his focus includes economic forecasting, employment and labor markets and economic policy
Stuart Gabriel, professor of finance and Arden Realty Chair at the UCLA Anderson School of Management and the director of the UCLA Ziman Center for Real Estate
Jordan Levine, deputy chief economist with the California Association of Realtors