Real estate forecast breakfast highlights overlooked factors [Yahoo! Finance]
TriCo Bancshares (TCBK)
Last trico bancshares earnings: 4/29 09:00 am
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Source: Yahoo! Finance
a local market forecast event Wednesday are the kind that don't usually get as much attention. A sudden jump in insurance costs was one of the biggest topics on speakers' lips as they tried to predict where local real estate is headed this year. Stubborn interest rates were another focus, along with expectations for lower construction costs and the negative impact that immigration sweeps could have on Bakersfield's housing market. Despite all that, the outlook wasn't negative overall. Although apartment vacancies are expected to rise, and rent prices fall, office space is expected to gain strength this year. Likewise, single-family home prices are seen as rising and national retailers are said to be lining up to expand their presence in Kern County. Put on by the local chapter of the Institute for Real Estate Management, the 13th annual event is known for revealing the names of retailers planning to open new stores around Bakersfield. There was some of that Wednesday, including
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TCBK
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