Economic growth predicted for Sacramento in 2012
As the nation continues to recover from the recession, more indicators are showing positive momentum. Conditions in industries like manufacturing and real estate in Sacramento are improving. This could help lower the metro’s unemployment rate and increase the number of home buyers in the regional area.
According to a study by IHS Global Insight for the U.S. Conference of Mayors, the nation’s largest cities account for almost 90 percent of the country’s gross domestic product and 86 percent of its jobs, the Sacramento Business Journal reports. In a list of the nation’s top 100 metros, Sacramento ranked 8th from the bottom.
However, despite the potential bleak imagery those figures conjure, experts believe the metro is poised to make economic headway in the near future. The city had a gross domestic product profit of $93.3 billion in 2011 and that is expected to grow by 1.9 percent in 2012, states the news source. This is greater than the average economic growth of 1.8 percent.
Sacramento residents may want to consider searching the MLS listings for property as the local economy strengthens.