California continued to create jobs in May, with the unemployment rate remaining at an all-time row. Pacific Union Chief Economist Selma Hepp offers her perspective on the latest employment trends in California, the Bay Area, and Los Angeles.
Real Estate News
San Jose and San Francisco homebuyers put down the largest down payments in the U.S. in the first quarter and also have more co-buyers than anywhere else in the country. Take a peek at the latest housing headlines of note in Pacific Union's Real Estate Roundup.
California homeowners gained the most equity in the country in the first quarter, while San Francisco has plans to subsidize housing for teachers. Check out the week's top headlines of interest in Pacific Union's weekly Real Estate Roundup.
Residents of one Santa Clara County city earn median incomes that are roughly four times the California average, while Oakland is being called one of America's top spots for real estate investors. Get the latest housing stories from around California and the Bay Area in Pacific Union's weekly Real Estate Roundup.
The U.S. economy created more than 220,000 new jobs in May, while wages posted strong growth. Pacific Union Chief Economist Selma Hepp offers an analysis of today's U.S. jobs report.
Homebuyer demand remains vigorous this spring, with properties selling at the fastest rate on record in April. Catch up on the latest housing headlines of note in Pacific Union's latest weekly Real Estate Roundup.
Despite the Bay Area's exceptionally high housing costs, the region is the nation's most in-demand job market for workers who are willing to relocate, while Los Angeles is also a popular destination.
California's unemployment rate fell to a new record low of 4.2 percent in April, with employers adding 39,300 jobs during the month. California has now gained nearly 3 million jobs since the economic expansion began in February 2010, according to Pacific Union Chief Economist Selma Hepp.
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