Amazon.com is snapping up office space in Silicon Valley, which should continue to fuel intense demand for real estate in the inventory-starved region. Get the latest headlines of note in Pacific Union's latest Real Estate Roundup.
Tag Archive: Center for Continuing Study of the California Economy
The Bay Area's gross domestic product (GDP) grew at the fastest rate in the nation last year. Pacific Union Chief Economist Selma Hepp offers her expert take on state and regional economic trends.
Although the Golden State's job growth has slowed a bit in 2017, the economy remains a global powerhouse and may move up the rankings by the end of the year, an indicator that demand for housing in the state should remain robust.
Don't let unexpected costs surprise you when you're ready to close on the home of your dreams. Find out what they are in Pacific Union's latest weekly Real Estate Roundup.
October 25, 2016 • Posted in Economic & Employment News
Although California created only half the number of jobs in September as it did in August, the economy is still running strong, with Bay Area unemployment rates once again dropping across the board.
Tech-based economies like the Bay Area are among the fastest-growing in the U.S. Pacific Union Chief Economist Selma Hepp offers her take on the current state and future of the California economy, now the world's sixth largest.
August 23, 2016 • Posted in Economic & Employment News
California’s economic growth once again showed strength and resilience in July, adding 36,400 new jobs according to the state Employment Development Department's latest jobs report. The numbers are in line with average monthly gains of 37,800 over the past year and are better than any other state in the U.S.
July 27, 2016 • Posted in Economic & Employment News
Although California and Bay Area unemployment rates ticked up in June from the previous month, the increase was driven by seasonal effects and new graduates entering the workforce. The state's annual job growth remains robust, once again outpacing the nationwide rate.
July 12, 2016 • Posted in Economic & Employment News
California's thriving economy was the nation's fastest growing last year, helping to push the state higher up on the list of global economic powerhouses. Bay Area counties are leading the charge, but the breakneck job growth is creating housing challenges for the region.
June 21, 2016 • Posted in Economic & Employment News
California's May job numbers offer more reason for optimism in our local economy; in several pockets of the Bay Area, jobless claims have dropped to lows not seen since the dot-com era.
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