JAX Economy and Real Estate Basking in the Sunlight
Carole Hawkins of The JAX Daily Record provides a brief summary on the local economy and real estate markets after attending Coldwell Banker Commercial Benchmark’s first annual Real Estate Trends Conference where Paul Mason, economics professor at UNF spoke. In summary, locally, JAX retail sales are up, inflation is low, jobs are being created and unemployment is falling. There is also an enlightening comparison of energy (gas) costs and interest rates and their impact on our disposable income; with gas around $3/gallon vs $4, that means more income to spend; same as if your adjustable mortgage goes down, more money to spend to pump into the economy. Plus a mention of the 76 million Millenials and their influence on the next generation and the systemic shift of e-commerce in retail.
Posted on October 30, 2014, in JAX Daily Record, Jobs/JAX Economy, Market Reports/Statistics and tagged JAX economy, local economy, millenials, Nocatee, Paul Mason, Real Estate Trends Conference, UNF. Bookmark the permalink. Leave a comment.