Keep on the sunny side … things are looking up! | SummitDaily.com

Keep on the sunny side … things are looking up!

According to Jeff Thredgold, CSP, President, Thredgold Economic Associates and Author of an economic newsletter called The Tea Leaf, there are several positive indicators for the overall economy. The dollar has strengthened somewhat in recent months versus key currencies. A real (after inflation) growth pace between 3.0% and 4.0% in 2008 would continue one of the longest sustained periods of solid growth since the early 1970s. The recent Dow Jones Industrial Average (DJIA or Dow) return to 13,000 is a collective vote of confidence that much of the serious housing and credit issues are behind us. Finally, foreign visitors will be coming in droves in summer months, especially from Europe, The U.K., and Asia — taking advantage of the weaker U.S. dollar. They spend aggressively! Be nice, be kind, and invite them back. For even more positive economic inspiration look toward The National Association of Business Economists or NABE which just presented the results of a February 2008 survey from a panel of 49 professional forecasters. The survey, covering the outlook for 2008 and 2009, was taken Jan 25-Feb 13, 2008. The NABE Outlook originated in 1965 and is one of three taken by NABE; the others are the NABE Industry Conditions Survey and the NABE Economic Policy Survey. Founded in 1959, the National Association for Business Economics is the professional association for people who use economics in their work. NABE has more than 2,300 members and 41 chapters ationwide. According to Ellen Hughes-Cromwick, NABE president and chief economist at Ford Motor Company, While a slight majority of our panel of forecasters expects the economy to avoid a recession in 2008, growth is expected to average just .75% before accelerating in the second half in response to fiscal and monetary stimulus. The NABE panel anticipates a significant pickup in the second half, the 2009 outlook, shown for the first time, calls for real GDP to grow 2.9% over the course of the year. In Summit County building permits are up as compared to last year, and contrary to other parts of the state. Further, NAR economist, Lawrence Yun, is bullish on Mountain States real estate vs. areas harder hit by the subprime fallout. Be sure to keep an eye on what is going on right here in Summit County when reading national headlines. So, the economy is looking up AND … nicer weather is finally on the way! As our thoughts turn to the summer season we can look forward to fun in our mountain playground with events and festivals as well as hiking, boating, kayaking, rock climbing, and anything else you can do outside while the weather is good. Check this out, http://www.townoffrisco.com/events-calendar.html. The Frisco Barbeque Challenge is right around the corner, June 13-14. Dont miss it!Take this opportunity to get to know your mountain environment and your mountain neighbors. If you are looking for an opportunity to do your part, a great way to do this is to volunteer. There are as many different volunteer opportunities here in Summit County as there are individuals. A healthy community coupled with a healthy environment assists in making Summit County a great place to live and work and absolutely helps real estate values!If you are interested in working outside with your hands, why not contact The Friends of the Dillon Ranger District. They do a great job, along with the United States Forest Service, in maintaining the trails many of us spend a large chunk of our time on in the White River National Forest in Summit County. You can give them a call at (970) 389-7229 or visit their web page at http://www.fdrd.org. You can also narrow your desired volunteer opportunity down to a specific area. If you are planning a trip to Breckenridge, first visit http://www.townofbreckenridge.com to view a litany of different types of ways to help out. You can volunteer with the Summit Historic Society too by calling (970) 453-9022 or visiting http://www.summithistorical.org. Another great organization that always needs help is The Summit Foundation. They provide generous support to nonprofit organizations in our community that foster art & culture, health & human services, education, environment, sports & recreation, and scholarships. Their web address is http://www.summitfoundation.org. So, chin up everyone! Gas prices are higher but you can take the Summit Stage just about anywhere. Or, you can ride your bike and get a great workout, save gas, and help your mountain environment. Another reason to stay positive is the fact that the real estate market here in Summit County is strong and there is value whether you are thinking of buying or selling!Welcome Home! is compiled using various industry sources by TheTeam@Elich.com. Butch Elich had been helping people with their real estate needs in Summit County for over 20 years. His team includes Associate Broker, Paula Parker, a Summit resident for 23 years, and assistant, Laura Combrink, an avid mountain enthusiast. Find them on the web at http://www.elich.com, or at RE/MAX Properties of the Summit, 305 Main St., Frisco.


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