January 31, 2018
Southern California Real Estate Market Update
Posted in Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The counties covered by this report—Los Angeles, San Diego, San Bernardino, Orange, and Riverside—added 130,300 new jobs between November 2016 and November 2017. As a result, the unemployment rate dropped from 4.7% to 3.8%. Employment growth in Southern California picked up a bit as we moved through the final quarter of last year, and I expect this to continue as we move into 2018.
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October 30, 2017
Southern California Real Estate Market Update
Posted in Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The counties covered by this report—Los Angeles, San Diego, San Bernardino, Orange, and Riverside—added 108,500 new jobs between August 2016 and August 2017. As a result, the unemployment rate dropped from 5.5% to 5.3%. As noted in last quarter’s report, employment growth in the Southern California market continues to taper, but the economy is still expanding and this will certainly continue.
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July 28, 2017
Southern California Real Estate Market Update
Posted in Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The markets covered by this report—Los Angeles, San Diego, San Bernardino, Orange, and Riverside—added 131,900 new jobs between May 2016 and May 2017. As a result, the unemployment rate dropped from 4.7% to 3.9%. Growth in the Southern California market has started to taper, but this is unsurprising given our place in the current economic expansion.
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May 03, 2017
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The markets covered by this report, which include Los Angeles, San Diego, San Bernardino, Orange, and Riverside Counties, added 115,900 new jobs between February 2016 and February 2017, and the unemployment rate dropped from 5.2% to 4.6%. This represents fewer new jobs than were seen in our last report, but as we continue to move toward “full employment”, a slowing in employment growth...
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January 30, 2017
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
The Southern California economy continues to add jobs, which in turn increases demand for housing. The region remains a seller’s market; however, it will be interesting to see what effect the recent rise in interest rates will have on the growth of home prices, especially in the more expensive Orange County and Los Angeles County areas. Given further anticipated increases in interest rates...
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October 31, 2016
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Over the past 12 months (through August 2016), the markets covered by this report added 273,200 new jobs and the total number of people claiming unemployment insurance dropped by over 100,000. With these shifts toward full employment, the area’s unemployment rate dropped from 6.2% to 5.1% during the past year.
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August 02, 2016
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Over the past 12 months, the Southern California markets covered by this report added 122,800 new jobs, and the total number of people claiming unemployment insurance dropped by almost 204,000. With these changes, the unemployment rate has dropped by two percentage points from 6.3% to 4.3%.
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May 06, 2016
Southern California Real Estate Market Update
Posted in Market News and Southern California Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Southern California continues to add jobs but the rate of increase has started to taper. Through the end of the first quarter of 2016, the counties that make up this report added 71,100 new jobs, and year-over-year, employment is up by 196,100 total jobs for a growth rate of 2.1%. Regional unemployment remains steady or is dropping modestly, and most counties are at or approaching full employment.
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