October has come and gone and the California Employment Development Department and CoreLogic have just updated data on employment in the San Francisco Bay Area and median housing prices, respectively.
Look here for CA EDD October employment data. Total employment continues to increase but at a slower pace than a year or even six months ago. You can tell that employment is strong by the sight of parking lots that we used to call freeways! 😉
Look here for CoreLogic October median price data and housing price trends and updated figures for September, as well. We seem to be having a year-end slowdown on steroids. Median prices throughout the Bay Area are slipping farther below the long-term trendline.
The first quarter of 2016 should be very telling. Will the economic expansion we’ve seen here in the SF Bay Area finally stall or are we just having a return to normalcy?
JN Real Estate Valuation Services 