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.
Tag Archive: Pacific Union
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.
Nine in 10 U.S. metropolitan areas saw annual home price increases in the first quarter of 2018, with Silicon Valley putting up the highest appreciation in the country.
The Bay Area's median home sales price neared $1 million in April, with the region once again posting double-digit percent annual appreciation. Get Pacific Union Chief Economist Selma Hepp's in-depth perspective on the latest market data.
Check out this short animation that highlights California's new global economic standing.
California's gross domestic product climbed to $2.75 trillion in 2017, moving the state up the list of the world's largest economies. Pacific Union Chief Economist Selma Hepp weighs in on the numbers.
Homeowners in Silicon Valley and San Francisco are still America's most equity-rich, while the Federal Reserve chose not to raise interest rates at its most recent meeting. Check out what's happening with the housing market in Pacific Union's weekly Real Estate Roundup.
The U.S. unemployment rate fell to the lowest level in almost 18 years in April. Pacific Union Chief Economist Selma Hepp breaks down the latest numbers and trends.
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