Share
Getting your Trinity Audio player ready...
|
Fresno County EDC held its annual Real Estate Forecast on April 20 with keynote speaker Christopher Thornberg, economist and founding partner of Beacon Economics, discussing the local market and what the future holds for the region.
“Overall the core part of our economy is doing very well. Consumer demands remain very strong, wages are up, particularly wages for lower scale workers.” — Christopher Thornberg, founding partner, Beacon Economics
In addition, Fresno EDC board chair Nick Audino moderated a panel discussion in which the audience heard from real-estate specialists (Brian Domingos (residential), Robin Kane (multi-family), Buk Wagner (industrial), and Sullivan Grosz (ag).
The Fresno economy is vibrant and strong, according to the experts.
GVWire asked Thornberg about the state of the Fresno economy and the issues that might crop up.
“While there is no doubt that parts of our economy are dealing with the big increase in interest rates, overall the core part of our economy is doing very well. Consumer demands remain very strong, wages are up, particularly wages for lower scale workers.”
According to Thornberg, the local real estate market has a lack of supply as opposed to a lack of demand. If more new housing is built, he said, the labor force will grow in Fresno and further strengthen the local economy.
The local experts said that real estate prices are increasing across the board because of the short supply. Demand for properties continues to grow, and in order to ease inflation, developers must build houses as quickly as possible, they said.
RELATED TOPICS:
Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers
1 day ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
1 day ago
Israel and Iran Bombard Each Other, Trump Says He Can ‘Easily’ End Conflict
11 hours ago
Trump Vetoed an Israeli Plan to Kill Iran’s Supreme Leader, US Officials Say
11 hours ago
Newsom Wanted To Fast-Track the Delta Tunnel Project. The Legislature Slowed the Flow
13 hours ago
Five Weeknight Dishes: Seven Ingredients or Fewer, Because Summer
15 hours ago
Big Fresno Fair Unveils Second Wave of 2025 Concert Acts
15 hours ago
Military Parade Barrels Through Nation’s Capital With Tanks, Troops and 21-Gun Salute
1 day ago
Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers
1 day ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
1 day ago
Israel and Iran Bombard Each Other, Trump Says He Can ‘Easily’ End Conflict
11 hours ago
Trump Vetoed an Israeli Plan to Kill Iran’s Supreme Leader, US Officials Say
11 hours ago
Newsom Wanted To Fast-Track the Delta Tunnel Project. The Legislature Slowed the Flow
13 hours ago
Five Weeknight Dishes: Seven Ingredients or Fewer, Because Summer
15 hours ago
Big Fresno Fair Unveils Second Wave of 2025 Concert Acts
15 hours ago
Military Parade Barrels Through Nation’s Capital With Tanks, Troops and 21-Gun Salute
1 day ago
Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers
1 day ago
Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty
1 day ago
Fresno Man Arrested in Fatal DUI Crash on Trimmer Springs Road
10 hours ago
Categories

Fresno Man Arrested in Fatal DUI Crash on Trimmer Springs Road

Israeli Military Kills 41 People in Gaza, Medics Say

Manhunt for Gunman Who Shot Two Minnesota Lawmakers Enters Second Day

Israel and Iran Bombard Each Other, Trump Says He Can ‘Easily’ End Conflict

Trump Vetoed an Israeli Plan to Kill Iran’s Supreme Leader, US Officials Say

Newsom Wanted To Fast-Track the Delta Tunnel Project. The Legislature Slowed the Flow

Five Weeknight Dishes: Seven Ingredients or Fewer, Because Summer
