York County a good place to be

York County is a good place to be according to senior economist at Wells Fargo. York County has recovered almost all of the jobs that were lost because of the recession in 2008. Local businesses should work hard to make things work in the current environment, not wait from things to get better.

In York County the housing market has improved, but construction remains weak. Home prices have returned to 2006 levels, construction will slowly follow suit. The grass is slowly getting greener in York County.

Increase in Global deals

According to the October 2011 issue of Shopping Centers Today, in the first half of 2011 about $61 billion in retail property changed hands worldwide. This is up 60% from last year. The U.S. only accounted for $19.4 billion of this, with the most active marketing being the New York City area. Other notable active markets include Los Angeles, Chicago, and San Francisco. This activity was driven by an influx of international funds and distressed properties offloaded by banks. These distresses properties included hotels, industrial buildings, and multifamily properties.

Commercial Real Estate Stability

Commercial Real Estate seems to be a stable investment. Rent and occupancy levels are slowing improving despite unemployment and unstable economic conditions. Slow growth and greater uncertainty defines the economy and will lead to a slow recovery. Investors are futuristic. There is still debt available to get deals done. Overall capitalization rates have dropped. Market conditions are beginning to favor the buyer. While hotels have seen the greatest loss, Apartment properties are performing better and office and retail properties have experience a modest decline.