July 2016 Home Price and Employment Data

The Bay Area will slap you down just when you think you’re getting a handle on it… July 2016 labor force and employment figures took a big jump upward after a prolonged period of hum drum. Digging down a little deeper into the figures, however, indicated less growth in technology and more growth in service. Not good… fewer high-paying jobs and more flipping burger jobs.

The housing market appears to be taking a breather. Big jump in year-over-year prices but month-over-month not so good and total sales way down. I have heard through the grapevine that there are fewer high-end buyers in the market. Will be interesting to see if the traditional year-end slowdown brings a drop in prices.

Sailing into the sunset???

About JN Real Estate Appraisal & Valuation Services

Professional real estate appraiser Amateur photographer
This entry was posted in SF Bay Area Employment Trends, SF Bay Area Housing Trends and tagged , , , . Bookmark the permalink.

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