I am often concerned about the future economic health of the city and metropolitan area. Everyday I read the SSC economic thread, real estate journals, newspaper articles and other business reports. Although many of the articles are positive and have promising reports about the city's future, there are thoses that cause uncertainty. Last month's ULI's publication "Real Estate Trends" potraits the real estate market here as weak and a secondary market. World Business Chicago and Northwestern University completed a survey that shows that Chicago image in China, although positve, needs a boost. Some financial journals are reporting that the economic conditions are improving on both coast and, that most of the economic activity is caused by investment from Asia. The condo markets in those coastal cities have stabilized and are rebounding. Many experts believe that Chicago's condo market will stay flat for another six to eight months. They say part of the problem is there has been very little job growth overall in the city/metro area. There has been very little investment from overseas especially from Asia. I don't know if this is true so, if someone knows the exacts please inform me. |
Friday, April 27, 2007
Are Chicago Business and Political Leaders Doing Enough for the Economic Future
Posted by Admin at 2:00 PM
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