The Fresno Economic Development hosted a panel of experts to lay out their vision of the Fresno economy for the coming year on Thursday night.
“We have an availability problem in California and in Fresno County, we do not have an affordability problem from my standpoint. We have had decades of not building enough.” — Annie Foreman, Guarantee Real Estate
From office space to retail stores and industrial investment and housing, real estate brokers and one builder forecast roadblocks in buying and selling with stubbornly high interest rates. Agriculture in the next year looks even worse.
Clues in real estate activity provide a sense of the economy at large, said Will Oliver, president of the Fresno EDC at the 19th Real Estate Forecast.
The event brought out not only investors, but elected officials that included Fresno Mayor Jerry Dyer and councilmembers from Fresno, Clovis and other Valley cities.
“We just need to be aware of the …