The signs of improvement in the South Bay and Southern California real estate market continues according to the latest signs. Recovery however has been slower than what was expected according to the Los Angeles County Economic Development Corp.’s recent reports.
The ports of Los Angeles and Long Beach has been able to maintain their rankings as the nations top gateways for international trade and container traffic at the twin ports is expected to be up another 5.5% this year, and 5.8% in 2015.
Foreign investment like that of China has also increased over the last 5 years, with China becoming one of the county’s biggest real estate inventors. More and more Chinese tourists are visiting our shores each year. Ventura county, Santa Barbara county and the Inland Empire are also favorite places for the Chinese to visit while in Southern California. This all adds up to bigger and better real estate market conditions in the area according to the L.A. Economic Development Corp.’s reports.