The Temecula Valley Chamber of Commerce hosted an economic forecast last Thursday at Pechanga. The presentation was given by John Husing, PHD (http://www.johnhusing.com/).
I was really, really looking forward to attending this event, but unfortunately, my knee surgery was scheduled for that same morning. My partner, Jon Sheehan and our assistant, Melanie Davis, did attend. The photo is Jon and Melanie with Professor Husing in the middle.
If you would like a copy of our notes and hand-outs, email me at Ken.Hall@socalfunding.com and I'll email you a PDF.
In a nutshell, Dr. Husing said the next 18 months are going to bad for the Temecula Valley area. Continued home foreclosures and a net loss of jobs for the first time in over 40 years.
The good news: when the foreclosures are gone and the real estate market begins coming back, the Temecula Valley will boom like never before. The upside potential for the Temecula Valley is far greater than San Diego and Orange Counties.
