Agents pivot as the economy teeters on the edge of recession; Monthly Statistical Update (January 2024)

Posted by ft Editorial Staff | Jan 2, 2024 | Charts, Feature Articles, Market Watch, Monthly Statistical Update, Real Estate, Video | 0

The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

California’s jobs market, with 18.3 million individuals employed at the end of 2023;
annual job growth, which slowed considerably in 2023; and
the negative yield spread, forecasting an economic recession and job losses ahead for 2024.

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About The Author

ft Editorial Staff

is the production staff comprised of legal editor Fred Crane, writer-editors Connor P. Wallmark, Carrie B. Reyes, Amy Platero, David Swistock, consulting instructor Summer Goralik, graphic designer Mary LaRochelle, video instructor Bill Mansfield and video editors John Rojas, Quinn Stevenson and Jose Melendez Avila.