Anyone gazing out onto the great big world of Real Estate these days might be surprised by the view. What used to be a mass of gray clouds hanging over a bumpy landscape is transforming into warm, sunny skies…albeit slowly. This welcome turn of events all stems from steady economic improvements rippling through both the U.S. and Asia. Naturally, the positive trends have registered big and bright on the radar screens of some major players. And as the doors of opportunity swing open on many fronts, more and more companies are bringing Real Estate back into their revenue mix.
This upbeat view is obvious in many quarters. Craig Silvers, president of Bricks and Mortar Capital, points out that an increasing number of companies are attempting to secure Real Estate leases or purchase properties before prices reverse direction and begin a steady climb. Los Angeles-based CB Richard Ellis Group, Inc. is one of the many organizations on board with the new positive attitude. Their bottom line says it all. According to the company, leasing transaction rose 35% and sales transaction revenue soared 40% over the prior year's figures for these categories. Two major reasons for this upswing are a loosening of credit and a more bullish investor outlook.
In the profit department, CB Richiard Ellis hit $95.1 million or 30 cents per share. These figures represent a jump of 48% from $64.3 million or 21 cents a share a year prior. In a recent L.A. Times report, Chief Executive Brett White clearly reflected a bullish attitude: "We believe the market remains in the early stages of recovery, and we enter 2011 with excellent momentum in most business lines globally."
This humble Realtor believes the upswing at CB Richard Ellis and similar companies is a sign of good things to come in the residential arena. After all, what happens in the upper stratosphere usually trickles down and impacts the world below. This, of course, bodes very well for anyone seeking a Laguna Beach home or any other Orange County home. Take the current trend as a very good omen.
All of which means there's no longer any reason to delay getting that gorgeous, oceanfront Laguna Beach home you've had your heart set on. Remember, if the instincts of the commercial sector experts are on target, prices have hit bottom, or close to it. So they'll be creeping upward soon enough. Obviously, the time to fulfill your dreams is now.
If you'd like to learn more about owning a Laguna Beach home, I'll be delighted to help. As one of the area's premier Coastal Property Experts, I can answer all of your questions and help you discover the numerous opportunities the Laguna Beach Real Estate market has to offer.
Feel free to contact me at 949.922.8490 or hillary@thecoastalpropertyexperts.com.
Regards,
Hillary Caston
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