AASU Q3 Economic Monitor

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A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
912-790-6999

Coastal Empire Economic Index Q2 2013

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
912-790-6999

AASU Coastal Empire Economic Monitor Q1

Dr. Toma has published the 2013 Coastal Empire Economic Monitor Quarter 1 report.

Summary: We are treading water in a sluggish stream that is moving in the right direction. Consumer confidence is weak, but tourism is up and so is housing. (In fact, in many areas of Savannah we are in a seller's market!)

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Roubini Gets It If Only Everyone Else Did

A. Joseph Marshall 

Coldwell Banker Commercial

Commercial Real Estate Advisor 

Savannah, Ga 

912-790-6999

2012 Q4 Coastal Empire Economic Outlook Posted

Summary: The last quarter of 2012 showed growth, but slower than the previous quarter. Stronger growth projected for 2013. The Coast Empire Economic Monitor is courtesy of AASU and Dr. Michael Toma. Click on each image to enlarge.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Q2 2012 AASU Economic Report

Armstrong Atlantic State University in Savannah, Ga. published the Coastal Empire Economic Monitor last week.

Summary: The Savannah MSA saw moderate growth in the last quarter and economic forecasts are positive. Poor national and international political and economic decisions could undermine this growth in Q3 and 2013. Click on each image to view in a larger frame.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Ga. economy forecasted to stall, Athens to sputter

Summary: Political uncertainty in Washington and Atlanta is causing the economy to be cautious now and reserved in the near future. Return here for an update on the Port's activity on September 6th! Create your own fiscal cliff parachute with income producing property!

Key Quotes:  

Political uncertainty is stalling the Georgia and U.S. economies at a time when the power of the state’s second-largest economic engine — its ports — is losing strength, one prominent forecaster warned Wednesday.

Also released Wednesday, a Federal Reserve survey shows business professionals in the Southeast are expecting inflation to rise. 

Both corporate and consumer confidence has been shaken by questions about the election and what Washington will do about coming tax increases and deep spending cuts known as the “fiscal cliff” triggered by congressional failure last year to reduce the federal deficit.

Georgia-based military contractors and installations are bracing for the sting of the cuts.

Rajeev Dhawan, director of the Forecasting Center, said rising oil prices and falling demand for exports add to other factors to push the “pause” button.

“The impact of the slowing global economy already is being felt in Savannah, where growth has decelerated sharply in the past six months, and where port traffic and future expansion will take a hit in coming months,” he said. 

Dhawan is forecasting 1.1 percent job-growth rate for Georgia and an unemployment rate stuck near 9.2 percent for the next two years. 

Read the full article at Ga. economy forecasted to stall, Athens to sputter

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga 

Coastal Empire Q1 Economic Monitor

If you don't receive this report by Dr. Michael Toma via email I recommend you email him to include you in the distribution.

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A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

More doctors smoke Camels than any other cigarette, and one should always buy real estate.

This will not help me sell homes, despite the fact that the Savannah market is quite active, presently. Just as long as my home buyers are aware that the FHA is planning on a 1-4% decrease in home values this year, I feel guilt free when the deal closes. The "good news" is that home values are expected to increase 3.5% in 2014! Whew!

Never-the-less, I enjoy doom and gloom articles. They're cool refreshing reminders of the long road to recovery that is before us after getting excited from reading articles that proclaim "Housing Is Back!" in the head-line, and conclude with a sentence like "Real estate analysts expect more apathy and ambivalence for 2012 and 2013."

Anyway, the article...

Summary: Single family home sales are up! But they're being turned into rentals. Home prices will rise next year! And recover a tenth of what we've lost. Foreclosures are slowing! But home values are still falling.

My summary essentially captures the key quotes. Read the full article at The Greater Fool.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

Third Quarter 2011 Coastal Empire Economic Monitor Published

Summary: There will be slow economic growth in 2012 but economic indices point in the right direction. *Click to each image to view full size*

 A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga

University of Georgia economist predicts very slow growth in Georgia in 2012

Wednesday, Nov. 30, 2011

By TONY ADAMS - tadams@ledger-enquirer.com

 

Summary: Despite Monday's article "Growth in Commercial Real Estate Markets Expected in 2012" Georgia's commercial real estate markets may lag the nation's growth. Because of only slight to moderate projected increases in the construction, manufacturing and retail sectors of the Georgia economy, this will be reflected in the amount of commercial real estate bought or leased.

Key Quotes
Georgia will finally stem the bleeding of jobs in 2012, although recovering what has been lost could take years. That’s the expectation of the University of Georgia’s Selig Center for Economic Growth, with Terry College of Business Dean Robert Sumichrast delivering a sobering forecast to business and government leaders Tuesday in Atlanta.

“Our forecast is for more of what we have seen the past couple of years,” he said. “We might see continued slow growth or, technically, we might see patches of recession. Either way, unemployment will remain high.”

To buck that trend, Sumichrast said Georgia must move away from its reliance on real estate development spurred by the once-constant migration of people to the Peach State. Instead, he said Georgia must offer even more incentives to companies wishing to relocate here, while fostering the research and development sector. It also must nurture its venture capital markets to create more entrepreneurs, he said.

Find out who Sumichrast is and read the whole article at University of Georgia economist predicts very slow growth in Georgia in 2012.

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga