Experts See Improvement, Worry About 2013

NEWPORT BEACH, CA-“It is absolutely clear now that the economy is moving forward at a good pace,” said Christopher Thornberg, economist and founding principal of Beacon Economics at Voit Real Estate Services’ forecast presentation on Tuesday. However, although the US is in recovery mode—with fourth quarter growth hitting 3% and maybe more—according to Thornberg, “we have not truly put our problems behind us.”

Approximately 200 were in attendance at the Pacific Club in Newport Beach to hear the forecast presentation from guest speakers’ Thornberg and Scott Bottles, executive vice president of real estate at the banking group at Wells Fargo. Bob Voit, founder of the locally based company began the event by pointing out that his forecast is optimistic. “The world is turning around again,” he said.