Jobs are the single most important economic factor in real estate.
2020’s rebounding jobs market masks deeper troubles for real estate in 2021
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Real Estate Economics
Learn the 25 economic factors that drive California’s real estate market.
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Recent updates to the course e-book
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
2020 in review and a forecast for 2021
This article digests the major housing developments that occurred in 2020 and details firsttuesday’s forecast for 2021.
New stimulus deal arrives, but won’t repair the economy
With much public disagreement and little time to spare, Congress has finally reached a deal for a new economic stimulus package.
In California, where down payments are highest, homeownership is lowest
Low loan-to-value ratios (LTVs) aren’t necessarily a good thing.
Fannie Mae, optimistic, forecasts an improving housing market
Fannie Mae’s optimism warms the heart, but there’s not any real kindling to keep it going.
Commercial, multi-family mortgage originations set to decline by one-third in 2020
While experiencing significant losses in 2020, the commercial and multi-family mortgage industry escaped the worst of experts’ original predictions.
2020’s struggling jobs market foreshadows declining home prices in 2021; Monthly Statistical Update (December 2020)
A second jobs recovery is needed to sustain the housing market; Californians drop out of the labor force; California home prices jump with low turnover and lower interest rates
Homes are flying off the market, despite recession
The reason for today’s low inventory situation is multi-faceted, and most of these factors are set to change in the coming months.
Rate of unbanked households to rise in 2020
The FDIC expects the number of unbanked households to rise in 2020-2021 due to the major income losses experienced during the 2020 recession.