Site Navigation
 News
Directory
Travel
Weddings
Real Estate
People
Personals
Careers
Email Us
Home
|
|
California Housing Market Improves, Unemployment Drops |
|
|
|
 A solid national jobs report this morning -- 227,000 new jobs added, unemployment rate steady at 8.3 percent -- was followed by a psychologically significant California report, from the state's Employment Development Department. At long last, we're below 11 percent -- 10.9 to be exact, for January 2012.
Bear in mind that 10.9 percent is still much higher than the national rate. In Los Angeles, it's even higher, at 11.6 percent (that's the December 2011 number). Still, the overall trend is down. After a rough 2011, we can start to feel better about the economy's momentum.
Importantly, in California we're beginning to see signs of a recovery in the housing sector. Home sales and home buildings appear to be picking up, although it's still unclear whether prices have bottomed. The market continues to be out of whack and could take another four or five years to normalize. But improvements showed up nationally and at the state level, as construction added jobs. The pace is slow, but the direction is positive.
At Gay Realty Watch, we look for news to share with you about the gay real estate market - both lgbt real estate news and news specific to gay and lesbian real estate meccas.
Full Story from KPCC
Click here for gay realtors, mortgage lenders, and other real estate professionals in California.
If you have a gay real estate story that you'd like to share with us, contact us at info@gayrealtynetwork.com
|
|
| Click Here to Return to the Gayapolis News Section
Published on:
March 11, 2012
|
|
|
| Most Recent Articles on Gayapolis.com: |
|
Boy Scouts Vote to Welcome Gay Scouts - May 23, 2013
Featured Gay Friendly Realtor: Frank Vigliotti, Ft. Lauderdale, Florida - May 23, 2013
New York's Ultra-Luxury Condo Market Booming - May 23, 2013
Castro Revamp Slimmed Down Due to Budget Concerns - May 23, 2013
Castro Revamp Slimmed Down Due to Budget Concerns - May 23, 2013
Featured Gay Friendly Accommodations: Casa Tolteca, Manuel Antonio, Puntarenas, Costa Rica - May 23, 2013
Try Gay Vacation Home Trading - Just $60 for 3 Full Years With Mi Casa Su Casa - May 23, 2013
Gay Pride Season Updates: Boston, DC, San Diego, Kiev, Moscow, Singapore - May 23, 2013
Gay Travel: Visiting Seattle in the Summertime - May 23, 2013
Want a Unique Vacation? How About an Elephant Stay? - May 23, 2013
Sign up for free daily news updates from Gayapolis
|
|
| |
|
|
advertising:
|
